Austin Energy, Bidgely, Johnson Controls, and Parks Associates to keynote 11th annual Smart Energy Summit, featuring consumer trends and new opportunities for utilities and energy providers
International research firmParks Associates will host the eleventh annual Smart Energy Summit: Engaging the Consumer, February 17-19, 2020, at the Omni Austin Downtown in Austin, Texas, featuring keynotes from Austin Energy, Bidgely, and Johnson Controls. The firm’s Research Director Brad Russell will deliver a research-focused keynote exploring adoption of smart home technologies, new partnerships, and the impact on the energy markets.
At Smart Energy Summit, more than 300 industry leaders from utilities, service providers, manufacturers, and technology companies will participate in panel discussions about the impact of direct consumer participation in energy management and strategies to increase consumer engagement. Event sponsors include FLO, Rapid Response Monitoring, AutoGrid, Bidgely, Copper Labs, Everise, Alarm.com, Sprosty Network, Austin Energy, and Inspire.
Smart Energy Summit keynotes:
Rob Davis, General Manager, Intrusion, Johnson Controls
Abhay Gupta, Founder & CEO, Bidgely
Debbie Kimberly, VP, Customer Energy Solutions & Corporate Communications, Austin Energy
Brad Russell, Research Director, Connected Home, Parks Associates
Parks Associates research finds 11% of US broadband households now own one or more smart major appliances (smart refrigerator, oven, dishwasher, clothes washer, microwave, clothes dryer, standalone A/C unit, or water heater), up from 3% in 2014. Parks Associates also estimates that by 2023, annual US sales of smart plugs will reach 5.7 million, with annual sales revenue of $188 million.
“The smart appliance market has been slow to take off, but it is gaining momentum, thanks to manufacturers such as LG, Maytag, and GE adding advanced capabilities with recognizable value propositions in saving energy, increasing convenience, and enhancing safety,” said Elizabeth Parks, President, Parks Associates. “Smart light bulbs and smart light switches also experienced strong growth in mid-2019. The increased adoption of all these connected products creates new opportunities for utilities and energy providers to expand through partnerships and innovative programs.”
Parks Associates will also host a pre-show research workshop, “Trends and Opportunities in Residential Energy Management,” on February 17, featuring detailed findings from the firm’s consumer and industry studies on the smart home, IoT, and energy management markets. Recent data from Parks Associates:
- 29% of US broadband households plan to purchase a smart thermostat in 2020.
- Consumers bought roughly 5.8 million smart thermostats in 2018, generating $843 million in revenues.
- Among households planning to buy a smart thermostat that also own a smart speaker, more than 70% consider it important that the smart thermostat they buy is compatible with their smart speaker.
To schedule an interview with an analyst or to request data, please contact Elizabeth Parks at eparks@parksassociates.com, 972-490-1113.
About Smart Energy Summit
The 16th annual Smart Energy Summit, co-located with DISTRIBUTECH and organized by Parks Associates, brings together leaders and innovators from the energy, smart home, and technology industries to explore the future of energy management, renewable energy adoption, and grid modernization. The summit provides a platform for industry professionals to engage in discussions, hear trending industry and consumer data, network and collaborate with peers.
The 2025 summit is held March 25-26 in Room D162/164 at the Kay Bailey Hutchinson Center in Dallas and will focus on integrating smart energy solutions, leveraging AI and IoT for home energy management, and tackling the challenges of demand response and grid orchestration.
Follow #SmartEnergy25 on Parks Associates’ LinkedIn. For information on speaking, sponsoring, or attending Smart Energy Summit, visit www.smartenergysmt.com.
