"thermostats" articles

New technologies are becoming available to consumers through innovative connected devices in the home. Multiple brands have released new connected products geared at improving convenience and helping consumers monitor and address daily living challenges. While consumers are interested in leveraging the benefits of new connected products, fears and concerns about choosing the right product can inhibit adoption.  Purchase consultation services can help consumers sort through the...

Parks Associates continues its thirteenth-annual Smart Energy Summit: Engaging the  Consumer with the virtual session, State of Residential Energy Management , on Thursday, April 7, from 11:00 AM to 1:30 PM CT. Bruce Sher , Head of Business Development LG Electronics  will be the featured Fireside Chat speaker at 12:00 PM CT, addressing the changing markets for residential energy management. Prior to the session, Bruce provided insights on key trends that will...

Parks Associates’ research reveals that 20% of US broadband households report the COVID-19 pandemic has increased their interest in smart energy solutions that can help them manage their energy use, cost, and comfort. Energy management programs and smart energy solutions can deliver immediate cost benefits to consumers, but the energy industry has generally been unable to find solutions that trigger widespread engagement among their customer base. Utilities have tried different...

Rising cost of living has made households more sensitive to energy cost. This has been accompanied by increasing energy demand from existing energy infrastructures most of which are old and dilapidated. Demand response (DR) programs have been designed to ensure sustainable energy supply using existing infrastructures. Natural disasters associated with climate change such as the 2021 winter storm in Texas has also contributed to the heightened concerns of consumers about the...

Parks Associates research shows that saving money increases interest in smart home devices among 60% of broadband households with no previous purchase intentions . Utility and energy providers in particular can use this interest to their advantage in order to incentivize consumers to purchase energy-efficient devices like smart thermostats and cut back usage during peak hours, saving money and power. According to research from Parks Associates, over 11% of U.S. broadband households...

Prior to Parks Associates’ 10th annual Smart Energy Summit , in Austin, Advisory Board member and conference speaker Matt Johnson, VP of Business Development at EnergyHub, shared insights on how utilities integrate smart home and distributed energy resources into the grid. Matt will be participating on  The Energy Data Goldmine session, sponsored by Bidgely , on Tuesday, February 19, at 11:30 AM. Panelists joining him on this session include:   Abhay...

According to Parks Associates research, the percentage of broadband households not intending to purchase a smart home device due to security and privacy concerns has increased from 21% in Q1 2017 to 32% in Q1 2018. Further, more than one-fourth of U.S. broadband households strongly agree that it’s impossible to keep their personal data away from unauthorized users. Security and privacy concerns are clearly becoming top of mind for many connected consumers. As the number of...

Prior to the ninth-annual Smart Energy Summit in Austin, Parks Associates sat down with Dave Kaintz, Senior Manager, Southern California Edison, to discuss the future trajectory of the energy industry: What are the barriers to bringing together a broad ecosystem of smart home products that work together as an energy management system? The age old problem of interoperability or lack of. What are the biggest opportunities for the smart home industry to work with the...