Winning Smart Home Strategies for Energy Management

Within the smart home, energy management is an important value-added service that provides differentiation and enables many new business models. This report examines participation of connected products and smart home systems in energy management. It includes descriptions and profiles of the evolving use of the cloud among companies and services for energy management and demand response.

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1.0          Report Summary

1.1          Purpose of Report

1.2          Scope of Report

1.3          Key Questions Addressed

2.0          Smart Devices and Home Energy Management

3.0          Leveraging Big Data

3.1          Leveraging Data for Demand Response

3.2          Leveraging Data for Energy Efficiency

4.0          Leveraging Smart Devices: Strategies & SWOT Analysis

4.1          Challenges with Utility Programs

4.2          Strategies for Leveraging Smart Devices

4.3          Evaluation of Integrating Smart Devices in Utility Programs

4.4          Creating an Infrastructure to Integrate Smart Devices

4.5          Utility-Installed and Managed Smart Thermostat Program

4.6          Bring-Your-Own-Device Programs

5.0          Service Bundling Opportunities

5.1          Energy Monitoring Services

5.2          Product Monitoring Services

5.3          Monetizing Energy and Product Monitoring Services

5.4          Bundling Monitoring Services with Adjacent Home Services

5.5          Bundling Products and Services to Improve Customer Acquisition

5.6          Bundling Electricity with Broadband and Other Home Services

6.0          Assessing the Smart Home Opportunity

6.1          Services Offered by Energy Providers

6.2          Competitive Advantages for Energy Providers

7.0          Smart Thermostat Forecast

7.1          Forecast Methodology and Assumptions

8.0          Appendix

8.1          Index

8.2          Image Sources

Smart Energy Device Adoption
Top Actions to Reduce Energy Usage
Intentions to Purchase a Smart Device with Energy Management Features
Energy Savings from Different Energy Consumption Feedback Methods
Familiarity with Energy Programs
Decisions to Integrate Smart Products into Utility Programs
SWOT: Creating an Infrastructure to Integrate Smart Devices
SWOT: Utility-Based Smart Thermostat Programs
SWOT: Bring-Your-Own-Thermostat Programs
Appeal of Monitoring Services
Willingness to Pay for Monitoring Services
Adoption of Home Services
Appeal of Home Warranty and Monitoring Services
Likelihood of Switching Electricity Provider for Incentive
Appeal of Bundling Other Services with Electricity Service
Factors and Multipliers of Thermostat Forecast
Forecasted Growth of Thermostats Units Sold
U.S. Thermostat Unit Forecast by Channel
U.S. Smart Thermostat Unit Forecast by Channel
 

Publish Date: 3Q 2015

Pages: 61


Authored By:
Tom Kerber - Director, IoT Strategy

© July 2015 Parks Associates
All rights reserved.  No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America. 

Disclaimer
Parks Associates has made every reasonable effort to ensure that all information in this report is correct.  We assume no responsibility for any inadvertent errors.

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