New data from Parks Associates (www.parksassociates.com) reveals that approximately 10% of U.S. broadband households have a smart device with energy-related functions-including 8% with a smart thermostat and 6% with smart lighting. A smart energy device includes a programmable thermostat, light bulb, power strip, outlet, or plug adapter capable of connecting to the Internet.
“Smart products introduce new capabilities into the home, including data analytics that utilities can use to promote and enhance their energy efficiency (EE) and demand response (DM) programs,” says Tom Kerber, director, Research, Home Controls & Energy, Parks Associates. “Energy providers can use the new capabilities in smart meters and smart home products to reinvigorate energy management business models, including bundles with value-added monitoring services, where our research finds strong consumer interest. In this webcast, we will explore ways to engage consumers, automate new features, and create benefits for consumers and utilities.”
“The biggest driver for the connected consumer market involves the usability of connected services and integration into consumers’ daily behavior,” adds Amena Ali, senior vice president and GM, WeatherBug Home by Earth Networks. “At WeatherBug Home, we compare and analyze our proprietary weather data with other big data sets to reveal new home insights and offer ways to stay comfortable while saving energy. We believe the most compelling offerings will create win-win scenarios for both consumers and utilities.”