Providing market intelligence for more than 35 years

Smart Home

Parks Associates Research Findings

Smart Energy Summit: Engaging the Consumer examines the roadmap for the in-home energy management technology market, offering consumer and industry research and strategic insight. Parks Associates research finds:

· Over 80% of consumers are very interested in learning about how to cut their energy costs, but less than half want to learn more about smart grids.

· 80% to 85% of households are willing to pay $80 to $100 for cost saving equipment if they are guaranteed to save 10% to 30% off their monthly electricity bill.

· Only 15% to 20% of consumers are likely to sign up for time-of-use or demand response programs; 35% do not want utilities to control systems in their home no matter what the potential savings.

· Less than 5% of households have any type of electronic lighting system, but 55% are very interested in light dimming systems that can save them money.

More from Mindi Sue Sternblitz-Rubenstein

July 06, 2023

Vantiva IoT and the Multifamily Market - New Podcast

Exploring the Future of IoT: The Connected Consumer Podcast Episode In today's digitally connecte...

Read More

December 28, 2010

Apple Removes WikiLeaks Program From App Store

Apple Inc., a California-based consumer electronics giant said it had removed a program from its...

Read More

December 26, 2010

Sony Starts Music Service in U.K., Ireland

Sony Corp. opened an online streaming-music service in the U.K. and Ireland and said it will roll...

Read More