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Most Essential Characteristics for Smart Home Products (2014 vs 2017)

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Smart Energy Management : 360 View: Energy Management, Smart Home, & Energy Providers

Energy efficiency plays an important role in the purchasing decisions for many products and as utilities expand energy efficiency programs, understanding the impact of financial incentives on the consumer purchase process is critical. This research quantifies free ridership and the impact of incentives on product sales mix.

The smart home is becoming a key driver of residential energy efficiency. Thermostats and lighting solutions are among the most adopted categories of smart products, creating opportunities for utility EE and DR programs. This research quantifies the thermostat and lighting markets, identifies major channels for each product, and profiles owners and those likely to purchase.

Connectivity also creates opportunities to build new business models. Bundling with an array of new services has the potential to create new recurring revenue streams in the connected home. This research examines consumer preferences for bundling products, services, and recurring models.

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