Home Energy Management

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...

According to Parks Associates research , Europe is in the early stages of growth for the IoT. The firm's data shows that 11% of Spanish, 9% of U.K., and 5% of German broadband households report ownership of a home control system. A majority of broadband households in all three countries are interested in smart home systems, including 54% in Germany, 56% in the U.K., and 62% in Spain who are interested in a smart home safety system. Parks Associates and Verisure recently aired...
Parks Associates home energy management research finds that only 30% of the 160 million meters in the United States have been upgraded to smart meters. This means that a majority of meters have no communications within U.S. broadband households. To complicate the matter further, there are over 10 million load control devices deployed using hundreds of different demand response communication approaches.  No single technology is used by more than 10% of utilities. As the...

New Parks Associates industry reports show that emerging revenue opportunities exist for utilities and providers within the smart home and home energy management markets. The reports emphasize that increased consumer adoption (and therefore increased revenue) will occur as utilities, providers, and smart home vendors find valuable partnerships within the smart home space. In Leveraging the Cloud for Home Energy Management , the research firm notes that, of the 160 million meters in...
 
by Kaitlin Hawkins | Apr. 14, 2014
Tags: smart home
Parks Associates has released a new consumer analytics report on consumer interest in and adoption levels of home energy management features. The market focus report, " Consumer Segmentation: Who Will Pay for Home Energy Management? " analyzes the overall appeal of different types of smart home features, providing key insights into the top five features consumers identify as most important. 11% of U.S. broadband households already own and use a programmable,...
 
by Kaitlin Hawkins | Feb. 26, 2014
Tags: Market Focus, smart home, thermostats


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@ParksAssociates New report profiles #voice players + how this trend is disrupting #IoT: https://t.co/KgBzvd8qsr https://t.co/KDAmy8UB3p

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