Parks Associates reports smart thermostat ownership has more than doubled in three years
RecentParks Associates research shows that smart thermostat ownership has more than doubled in recent years, from 5% in 2014 to 13% in 2017. The firm’s 360 View: Energy Management, Smart Home, & Energy Providers reports purchase intention rates have also doubled in the same time period.
“Approximately 63% of the thermostats purchased in the last year were smart thermostats,” said Elizabeth Parks, SVP, Parks Associates. “It has proven to be a hero device for smart home sales, but perceptions of value and affordability are still a concern, as prices of smart thermostats vary considerably. Nest and ecobee have introduced lower cost models, but smart thermostats priced at $200 or more are still driving 43% of volume. The average price consumers paid for a smart thermostat is $175, which is 75% greater than the average price paid for all thermostats.”
The consumer IoT research firm’s 22nd-annual CONNECTIONS™: The Premier Connected Home Conference, May 22-24 in San Francisco, will include the following keynotes:
- Dr. Melissa Gregg, Director, Research, Intel Smart Home, Intel
- Yoon Lee, SVP, Head, Product Innovation Team and Head, Content Services, Samsung
- Miles Kingston, GM, Smart Home Group, Intel
- Patti Loyack, VP, IP Services, Comcast Cable
- Mark Spates, Product Lead, Smart Home, Google
- Balaji Sridharan, VP, IoT & M2M, T-Mobile
Confirmed speakers include:
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The 2018 CONNECTIONS™ conference will feature more than 650 executives in an intimate networking environment and will focus on innovations to improve the consumer UX and the IoT impact on multiple industries. The event includes conference sessions on technology adoption and trends, product and service forecasts, evaluation of new business strategies, and recommendations for strategic partnerships, monetization opportunities, and value-added service design.
Conference sponsors include Intel, F-Secure, Alarm.com, Rambus, ROC-Connect, Verisk, Zigbee Alliance, Rapid Response Monitoring, InstallerNet, Alula, American Two-Way, Assurant, Audio Analytic, Ayla Networks, BASF, Calix, Cirrent, eyeSight, Flume, Gadgeon, Intamac, iQor, Johnson Controls, LUX Products, mnubo, Qolsys, Toshiba, Tri Cascade, Trusource Labs, TUV Rheinland, Whisker Labs, Z-Wave, HelloTech, LeakSentinel, Mivatek Smart Connect, Fing, HomeAdvisor, and Mersoft.
For information, visit www.connectionsus.com. To schedule an interview with an analyst or to request specific data, contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.
About CONNECTIONS™
Parks Associates' 29th annual CONNECTIONS™: The Premier Connected Home Conference is hosted May 13-15 at Renaissance Dallas at Plano Legacy in Plano, Texas, and brings industry leaders together to provide insights and business forecasting about the adoption of technology including broadband, smart home, security, connected health, energy, and home automation.
CONNECTIONS™ provides ongoing insights throughout the year with virtual and in-person conference sessions. Parks Associates' analyst team leads the conference sessions, which are focused on technology innovations, consumer adoption and trends, product and service forecasts, and the evaluation of new business strategies, partnerships, monetization opportunities, and value-added service design.
CONNECTIONS™ is a pivotal platform for partnerships and exploring the future of technology adoption and its impact on consumers and businesses. www.connectionsus.com
