Providing Market Intelligence for 40 Years

In The News

Automation key for homeowners to reduce energy consumption

Research from Parks Associates' shows that 91 percent of internet households are actively engaged in reducing energy consumption within their homes. Forty-eight percent report altering their behaviours, while 43 percent report doing recent home renovations to reduce their energy consumption.

"Smart devices and automation solutions complement energy efficient construction and solar/storage systems in the aim to get to net-zero energy consumption," says Jennifer Kent, vice-president, research, with Parks Associates. "Resident behaviour is a big determining factor in achieving net zero, so technology that gives residents the data to monitor their usage and the controls to adjust, coordinate, or automate the appliances and systems in their homes is critical."

Parks Associates' white paper, ‘Building Net Zero Homes with Home Management Systems,’ shows the average internet household has more than 16 connected devices, with 16 percent owning a smart thermostat.

From the article, "Automation key for homeowners to reduce energy consumption" from Home Improvement Retailing

 

Previously In The News

4 Key Business and Lifestyle Trends Transforming Customer Demand

A study from Parks Associates found that “one-third of smart device owners in U.S. broadband households have increased usage of their devices during the COVID-19 pandemic, including 46% of smart door...

IoT Cybersecurity, ‘Cascading’ Failures, Worry Consumers Most About Connected Home

Data and privacy fears rank second among consumer smart home concerns. More than half of U.S. adults (58%) fear lack of privacy from device manufacturers who have access to data, real-time conversatio...

New RMR Opportunity: Smart Thermostat Service?

Are smart thermostats the next subsidized security business model? Yes, according to new data from Parks Associates, which reports more than 50 percent of U.S. broadband households would be willing to...

Why MDUs Are Helping Expand the Smart Home Market

Parks Associates estimates that 30% (36 million households) of U.S. broadband households live in MDUs, 66% (79.5 million households) live in single-family homes and 4% (4.8 million households) report...