"thermostats" articles

There is growing interest from consumers in saving energy and being more energy efficient. Energy savings and reduction of energy bills have always been leading drivers of smart home technology. When included in energy management programs, smart home devices help reduce barriers to saving energy.   Smart home device capabilities include the following:   Remote control of energy-consuming products – Smart home devices allow consumers to...

The smart home will achieve significant penetration and widespread adoption among consumers, but the rate and speed of adoption are dependent on many factors. As connectivity in the home increases year-over-year, smart home players have a chance to capitalize on and push the smart home forward. No single company holds the future in its grasp. And, despite the promising future and the smart home’s remarkable potential, there is still a disconnect between market hype and...

Last week, Parks Associates hosted a virtual session “ Home Energy Management Solutions: Driving Energy Savings ,” Thursday, June 30, as part of the 13th annual Smart Energy Summit: Engaging the Consumer . In these sessions, we shared our research and also conversations from the industry on consumer adoption of smart energy devices and interest in energy management use cases. Our latest consumer study, “ Smart Energy at Home: Renewable, Responsive, Resilient ,” reveals most...

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...