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16% of smart thermostats were sold through HVAC dealers in 2017

CONNECTIONS™ Summit examines homebuilders, insurance, and other sales channels for smart home at CES® 

Parks Associates research finds 16% of U.S. broadband households that bought a smart thermostat in 2017 purchased this device through an HVAC dealer as part of a new HVAC system. 360 View: Smart Home Buyer Journey and User Experience notes consumers have multiple sales channels available as they look to acquire smart home products.

The international research firm will discuss the smart home buyer’s journey and the opportunity for voice-enabled services at the 13th-annual CONNECTIONS™ Summit: Consumer IoT and Smart Home on January 8 at CES® 2019 in Las Vegas. The Summit concludes with a networking reception, sponsored by Homematic IP. Registration is now open at CES.tech.

Smart Thermostat: Category of Purchase | Parks Associates

“Smart thermostats have been on the market long enough that 4% of buyers in 2017 were buying a second one,” said Elizabeth Parks, SVP, Parks Associates. “Growing interest in and ease of self-installation are also helping to drive this and other smart home products—57% of smart thermostats were self-installed in 2017, compared to 43% in 2016. At CONNECTIONS™ Summit, we will explore strategies to expand add-on device sales and services that leverage standalone device adoption, as well as other business model innovations that will grow the smart home industry.”

CONNECTIONS™ Summit features panels examining successful consumer-focused strategies that meet the challenges of today’s IoT and smart home ecosystems. Leading analysts from host Parks Associates present consumer research and moderate expert discussions on key trends in user experiences, voice, insurance, privacy, and independent living.

 

CONNECTIONS™ Summit speakers:

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CONNECTIONS™ Summit at CESwill take place in Marcello 4405 on the 4th level of the Venetian Hotel. CONNECTIONS™ Summit is a one-day executive summit that focuses on the best business models and value propositions in the Internet of Things (IoT), the smart home, and connected and mobile CE and services. The event includes six executive sessions, two special presentations, and a networking reception, sponsored by Homematic IP, on January 8, the opening day of CES.

CONNECTIONS™ Summit at CES is the place to be to learn about the smart home, get the latest consumer research, and network with strategic decision makers in this growing market. CONNECTIONS™ Summit sponsors include Alarm.com, Asurion, Cirrent, F-Secure, Hive Home, Homematic IP, Inspire, Minim, ROC-Connect, and Trusource Labs.

For information on Parks Associates research or events, visit www.parksassociates.com, or contact sales@parksassociates.com, 972-490-1113. To schedule an interview or to request specific research data, please contact Julia Homier at Julia.homier@parksassociates.com.{block identifier='connsummit-boiler'}

About Parks Associates

Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through its proprietary methodologies developed over decades, including quarterly surveys of 10,000 internet households.

The company's expertise crosses many industries: home security and smart home, streaming video, broadband and pay-TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, energy management, and tech solutions for the multi-dwelling (MDU), small-to-medium business (SMB), and commercial building markets.

Each year, Parks Associates brings thousands of leaders together for its webinars and annual events. The firm hosts the annual executive research and strategy conferences CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. https://www.parksassociates.com

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