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13 FEB 2014

Parks Associates: 16% of U.S. broadband households plan to purchase a renewable-energy power generator over the next five years

Analysts to discuss new consumer energy research at workshop to kick off 2014 Smart Energy Summit

In advance of its research workshop at 2014 Smart Energy Summit next week, Parks Associates announced new research today showing 16% of U.S. broadband households are highly likely to purchase a renewable-energy power generator over the next five years. Nearly 60% of these households plan to purchase solar panels, the most popular option among renewable-energy power generators.

"With nearly 40% of U.S. broadband households interested in purchasing energy management products for the home, consumers are taking one of two paths toward the connected home -either they acquire smart thermostats, network cameras, or smart appliances one at a time, or they purchase a connected home system that includes a bundle of safety, security, or energy-related products,” said Tom Kerber, director, energy and home controls research, Parks Associates. “Our workshop will analyze the two paths to market and the relative strengths of OEMs and service providers as they converge in the connected home.”

Parks Associates’ pre-summit workshop, "Accelerating the Adoption of Energy Management,” will be held Monday, February 17, 1:00-5:30 p.m. at the Four Seasons Hotel, Austin, Texas. Industry analysts will present detailed findings from consumer and industry studies on the home energy management markets.

"We are very excited to kick off the 2014 Smart Energy Summit with an in-depth workshop featuring expert analysis and our newest consumer data on developments and trends in the energy and home controls spaces, with a focus on consumer demand and future revenue opportunities,” said Stuart Sikes, president, Parks Associates.

Workshop sessions include:

  • Consumer Segmentation - Energy Management Adopters
  • Variable Pricing
  • The Programmable Communicating Thermostat Market
  • Bundling Home Controls and Energy Management
  • Smart Home Platforms and Energy Management
  • Interoperability Challenges and New Solutions

Registration for the workshop is available at http://www.parksassociates.com/ses-register. Parks Associates will host a networking reception immediately following.

About Smart Energy Summit

Smart Energy Summit: Engaging the Consumer examines the changing role of utilities and energy providers in the IoT era and offers research and insights on new opportunities to empower consumers with smart solutions to manage and save energy in the home. The conference addresses key questions for energy providers around leadership and alignment of goals between residential energy management solutions and the grid and presents strategies to expand business and revenue goals by incorporating smart products into energy programs.

Smart Energy Summit focuses on identifying opportunities across converging ecosystems to create new value in energy solutions through partnerships that leverage connected devices, energy management, utility services, and home control platforms and services. Research analysts, thought leaders, and industry executives present and discuss business strategies, case studies, partnership opportunities, and consumer research that utilities, service providers, retailers, and manufacturers can use to expand and monetize their energy offerings.

The eleventh annual Smart Energy Summit will take place February 17-19, 2020, at the Omni Austin Hotel Downtown in Austin, Texas. The summit agenda features leaders from utilities, state and national regulators, telecom and security companies, retailers, and OEMs. Follow the event on Twitter at @SmartEnergySmt and #SmartEnergy20. For information on speaking, sponsoring, or attending Smart Energy Summit, visit www.ses2020.com.