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Smart Energy Insights

Tuesday, November 24, 2015

Bundling Increases Appeal of Value-Added Smart Home Services

Awareness of smart devices is increasing, due in large part to the major marketing efforts and budgets of telecom and cable service providers. Parks Associates research shows that between Q1 and Q4 2014 in U.S. broadband households, the intention to purchase one or more smart home devices increased from 21% to 37%.

While smart product and service adoption is gaining momentum, the value proposition for home services including extended product warranties, insurance policies, and service ...read more

Friday, November 20, 2015

EnergyHub, NRG, and Schneider Electric to Keynote 2016 Smart Energy Summit

This week, Parks Associates announced that executives from EnergyHub, NRG, and Schneider Electric will be the keynote speakers at the 2016 Smart Energy Summit, taking place February 22-24, 2016 in Austin.

At this annual conference, Parks Associates analysts, media, and industry leaders evaluate new partnerships, strategies for consumer engagement, and deployment plans for energy and management solutions in the connected home.

Parks Associates research shows:

Thursday, November 19, 2015

Appeal of Energy & Product Monitoring Value-Added Services

Consumers are becoming increasingly connected, as are the products in their homes. Utilities and retail energy providers use energy monitoring services to engage customers. Smart product owners and intenders show interest in energy management capabilities, and consumers are increasingly aware of the value of reducing home energy use.

In Q2 2015, 16% of all U.S. broadband households owned one or more smart home devices, many of which offer energy management capabilities and associated ...read more

Wednesday, October 21, 2015

2016 Smart Energy Summit Advisory Board Announced

Parks Associates is proud to announce the members of the advisory board for the 2016 Smart Energy Summit: Engaging the Consumer, taking place February 22-24, 2016 at the Omni Hotel in downtown Austin.

The following advisory board members will help shape the event agenda and topics in presenting strategies to engage consumers in energy solutions:

  • Alarm.com - Roy Perry, Vice President, Ecosystem Alliances
  • AT&T - Kevin Peterson, Senior Vice President, AT&T Digital Life
  • ...read more

Tuesday, October 13, 2015

Connectivity is a disruptive force for smart home products

Smart home products are entering the market via two main paths: smart home product manufacturers and smart home service providers. Manufacturers are adding connectivity to products to provide differentiation and extend the relationship with the consumer. Service providers offer a group of products that work together and can be monitored and controlled from a single app.

However, familiarity with smart home products and services is low. Therefore, manufacturers and service providers must ...read more

Thursday, October 08, 2015

Intersection of Smart Home Devices & Energy Management Services

Consumers are increasingly connected, mobile, social, and concerned with energy efficiency and cost. More than three-quarters of U.S. broadband households own at least one smartphone, leading a connected life that now includes smart home devices, a part of the movement towards the Internet of Things.

In Q2 2015, nearly 20% of all U.S. broadband households owned one or more more smart home devices. Many of these smart devices offer energy management capabilities and associated value-added ...read more

Monday, September 28, 2015

Residential Security Market Continues to Expand

The market for residential security is expanding. The value proposition for professionally-monitored security service has been extended to include interactive services and home control devices, attracting new subscribers and new competitors.

The entry of telecom and cable operators into the residential security market is not new. Many broadband providers have been offering security services for years with different degrees of success. However, today the growth of the smart home is ...read more

Friday, September 25, 2015

Value-Added Services Create New Opportunities for Utilities

A range of players can potentially gain revenues from deployment of value-added monitoring services. Electric utilities are at the top of this list and need seize the opportunities presented by value-added monitoring services.

Utility service providers can generate additional revenue in a number of ways through deployment of value-added monitoring services. For starters, consumers express a willingness to subscribe directly to such services. Consumers also express a greater willingness ...read more

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