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FUTURE ENERGY TRENDS: GETTING SMARTER ABOUT DEVICES AS THE ENERGY MARKETPLACE SHIFTS INTO ITS NEXT GEAR

Among those consumers who have converted to become a smart home family, research reveals that the smart home industry is indeed growing! According to recent data from Parks Associates, additional smart home devices – from thermostats and device-control products to security components, including doorbells and locks – have increased among smart home device owners, and on average, owners have eight of these devices.

“Energy savings are an important benefit for consumers, and many households are taking an active role in monitoring and managing their energy consumption,” said Chris White, Senior Analyst, Parks Associates.

In fact, one third of internet households don’t know what kind of power they get from their utilities, and among those, over half (58%) don’t know where to find out, according to Parks Associates data. To build onto this, another Parks Associates study reveals that even fewer U.S. broadband households are aware of services that offer energy monitoring and management products from their electricity provider (only 19%). 

From the press release, "FUTURE ENERGY TRENDS: GETTING SMARTER ABOUT DEVICES AS THE ENERGY MARKETPLACE SHIFTS INTO ITS NEXT GEAR."

Previously In The News

Sigma Designs Announces Break-Through Z-Wave® UL Component Recognition

"Our data said the monitored security market grew at approximately a rate of 15 percent in 2014," says Tom Kerber, director of research, home controls & energy for Parks Associates. "That is very stro...

DSP Group Unveils Next-Generation Ultra-Low-Power Always-On Voice Processor

“The consumer and enterprise use of mobile smart assistants is on the rise. This creates a real need for a low-power solution that enables users to enjoy these functionalities via a simple voice-enabl...

Apical Announces Accreditation Program For ART, A Platform For People To Interact With Devices In Smart Homes And Cities

"With its real-time analytics, the ART platform demonstrates the next generation of smart home technologies," said Stuart Sikes, President at Parks Associates. "ART's capabilities for accurately detec...

New Support.com Survey Shows Complexity of Smart Home Systems is Impeding Adoption, Customer Experience

The insights, initially published today in an infographic entitled, “A Smart Home Divided,” come from a Support.com survey of more than 3,000 U.S. consumers in November 2015. The infographic is availa...