Home Energy Management

Tuesday, July 18, 2017

Offering $100 rebate more than doubles purchase intentions for smart thermostats

New report shows only 30% of consumers believe that smart thermostats are affordable

Parks Associates today announced a new industry report revealing only 30% of consumers believe that smart thermostats are affordable and only 18% of consumers would purchase one of these devices at $250. Smart Home-Utility Partnership Opportunities notes that offering a $100 rebate more than doubles the percentage of homes that intend to purchase one of these products.

“Given the benefit ...read more

Monday, December 05, 2016

Insurance to drive sales of smart water devices in U.S.

IoT research firm shows 14% of U.S. broadband households plan to buy a smart water leak detector in 2016

A new report from Parks Associates finds annual sales of smart water leak detectors in North America will exceed 3 million in 2016, and these devices will get a boost from the insurance industry over the next four years. Only 3% of U.S. broadband households owned a smart water leak detector at the end of 2015, but 14% plan to buy one in 2016.

“Smart leak detectors are ...read more

Wednesday, July 20, 2016

Less than 5% of U.S. broadband households own a smart appliance

Consumer research shows limited inventory and high cost impacting market adoption

New consumer research by Parks Associates finds that less than 5% of U.S. broadband households own a smart appliance such as a full-sized refrigerator, oven, dishwasher, or washer/dryer that can be monitored or controlled using a smartphone, tablet, or computer. 360 View Update: Consumer Demand for Connected Major Appliances shows 18% of consumers plan to buy a smart appliance in the next 12 mo ...read more

Tuesday, June 21, 2016

Only one-fifth of U.S. broadband households are aware of tax rebates for energy-efficiency products/programs

Research examines market for consumer energy programs

Research from Parks Associates shows only 19% of consumers are very familiar with programs that offer tax rebates or other incentives in return for energy-efficiency initiatives such as home remodeling or home energy management. 360 View Update: Marketing Energy Programs: Making an Impact also shows only 15% of U.S. broadband households are very familiar with time-of-use (TOU) programs, but 36% of U.S. broadband household ...read more

Tuesday, March 22, 2016

70% of U.S. households with smart energy devices report saving money due to reduced energy consumption

Industry report identifies smart home and IoT opportunities within the home energy management market

Parks Associates announced new home energy management data from The Evolution of Home Energy Management showing 70% of U.S. households with smart energy devices report saving money due to reduced energy consumption. However, the report also notes the difficulty of selling smart energy devices based on cost savings as 83% of U.S. broadband households do not know the price they ...read more

Monday, February 08, 2016

35% of U.S. broadband households would participate in an energy program offered by a security provider

Tom Kerber, Director of Research, to speak at DistribuTECH next week

Parks Associates released new research today showing 35% of U.S. broadband households would participate in an energy program advertised by a security provider. Consumers are 40% more likely to participate in an energy program if it is offered by a security provider than an energy provider.

Tom Kerber, Parks Associates Director of Research, Energy and Home Controls, will discuss the implications of this ...read more

Monday, November 02, 2015

One-third of U.S. broadband households find smart home energy management features very appealing

Stuart Sikes, President of Parks Associates, discusses the impact of the Internet of Things on energy markets at PLMA Fall Conference

Parks Associates research reports 30% of U.S. broadband households find most energy management use cases very appealing. Stuart Sikes, President, Parks Associates, will present the firm’s smart home and Internet of Things research and discuss its implications for revenues and partnerships at the upcoming PLMA (Peak Load Management Alliance) Fa ...read more

Wednesday, July 15, 2015

Over 40% of thermostats sold in 2015 will be smart thermostats

Retail channel accounts for largest percentage of units sold, underscoring need for interoperability across IoT devices

New smart home research from Parks Associates finds smart thermostats taking a larger portion of the market this year, accounting for over 40% of the nearly 10 million thermostats sold in the U.S. The report Winning Smart Home Strategies for Energy Management estimates smart thermostats will account for over 50% of the total market by 2017.

“Smart therm ...read more

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