Home Energy Management

We recently released a  complimentary whitepaper  examining the top trends in the connected home, health, and mobile industries.  Top 10 Consumer IoT Trends in 2017 , which features insight from Parks Associates’ analyst team, examines key topics driving growth and monetization of the IoT. To cross the chasm, the smart home industry will continue to develop new use cases for security, peace of mind, and energy management. Despite years of collective...
Parks Associates research recently cited in Intelligent Utility shows that 16% of all U.S. broadband households own one or more smart home devices. Many of these smart devices offer energy management capabilities, including demand response. Utilities are now weighing the benefits of incorporating smart devices into utility programs. Tom Kerber , Director of Research for Home Controls & Energy, reports that utilities can use data from smart devices to advance the success of...

In many ways, I was born to moderate a panel at next week’s Smart Energy Summit, held at the Omni Hotel in Austin. I grew up in a household where my father would “politely” remind us to turn off the lights when we left a room. I can say with some degree of certainty his motivation went far beyond being an early conservationist; he didn’t want to pay the Philadelphia Electronic Company (now PECO) one penny more than he had to. And for the past 32-plus years, I have been...
 
by | Feb. 16, 2016
Tags: energy, Smart Energy Summit, smart grid
The connected life of smartphone owners is now starting to include smart home devices, a part of the movement towards the Internet of Things (IoT) and increased awareness of the impact on energy efficiencies. In Q2 2015, 16% of all U.S. broadband households owned one or more smart home devices—products that can be controlled or monitored from a smartphone, table, or computer. Smart energy devices include smart thermostats, smart lightbulbs, smart plugs/adapter modules, smart...
 

During the CONNECTIONS Conference in San Francisco this year, industry executives converged to learn about new initiatives, products, services, and trends affecting the smart home, entertainment, and IoT markets.  While the conference provided, as it does every year, a forum for a wide array of industry leaders to speak on the major issues and opportunities surrounding the connected home, it more importantly provided the audience -- an incredibly strong cross-section of...
 
The connected home continues to expand as consumers adopt more and more connected devices at home. Parks Associates research shows that in 2014, smart home device penetration increased from 12% to 16% of all U.S. broadband households. Additionally, 37% of U.S. broadband households intend to buy one or more smart device in 2015. The smart home continues to grow due in large part to the massive advertising campaigns of service providers such as Comcast Xfinity, ADT, and Time...
 

In a recent article for the New York Times , Steve Lohr writes that consumers purchase smart home products for a number of reasons, including environmental worries, financial savings, and the physical appeal of smart home merchandise. Lohr included Parks Associates research to show the increase in sales of energy-related smart home products. Valued at $850 million, Parks Associates research shows consumers purchased 10 million smart thermostats, plugs, power strips, and lights...
The wave of smart products and smart home systems entering homes combined with the rapid introduction of software-based value-added services is out of sync with the slow and arduous utility pilot process. 2015 will bring innovation into the residential measurement and verification process. Data analytics based systems will provide tools such as disaggregation and weather normalization that can quantify savings for energy efficient products and services. Utilities need a measurement and...


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