Smart Energy Insights

Consumers are becoming increasingly connected, as are the products in their homes. Utilities and retail energy providers use energy monitoring services to engage customers. Smart product owners and intenders show interest in energy management capabilities, and consumers are increasingly aware of the value of reducing home energy use.

In Q2 2015, 16% of all U.S. broadband households owned one or more smart home devices, many of which offer energy management capabilities and a ...read more

Parks Associates is proud to announce the members of the advisory board for the 2016 Smart Energy Summit: Engaging the Consumer, taking place February 22-24, 2016 at the Omni Hotel in downtown Austin.

The following advisory board members will help shape the event agenda and topics in presenting strategies to engage consumers in energy solutions:

• Alarm.com - Roy Perry, Vice President, Ecosystem Alliances
• AT&T - Kevin Peterson, Senior Vice President, AT&T Digital ...read more

Smart home products are entering the market via two main paths: smart home product manufacturers and smart home service providers. Manufacturers are adding connectivity to products to provide differentiation and extend the relationship with the consumer. Service providers offer a group of products that work together and can be monitored and controlled from a single app.

However, familiarity with smart home products and services is low. Therefore, manufacturers and service pr ...read more

Consumers are increasingly connected, mobile, social, and concerned with energy efficiency and cost. More than three-quarters of U.S. broadband households own at least one smartphone, leading a connected life that now includes smart home devices, a part of the movement towards the Internet of Things.

In Q2 2015, nearly 20% of all U.S. broadband households owned one or more more smart home devices. Many of these smart devices offer energy management capabilities and associate ...read more

The market for residential security is expanding. The value proposition for professionally-monitored security service has been extended to include interactive services and home control devices, attracting new subscribers and new competitors.

The entry of telecom and cable operators into the residential security market is not new. Many broadband providers have been offering security services for years with different degrees of success. However, today the growth of the smart h ...read more

A range of players can potentially gain revenues from deployment of value-added monitoring services. Electric utilities are at the top of this list and need seize the opportunities presented by value-added monitoring services.

Utility service providers can generate additional revenue in a number of ways through deployment of value-added monitoring services. For starters, consumers express a willingness to subscribe directly to such services. Consumers also express a greater ...read more

The proliferation of distributed generation, electric vehicles, and smart products; the participation of demand response assets in power generation markets; and national goals on energy and climate change are straining the traditional business model. As solar prices continue to fall, consumer adoption of solar generation will accelerate, further challenging the industry. The impact of these changes is directly observable in the financial reports of European utilities today, as m ...read more

Energy efficiency programs are designed to engage consumers and incentivize products or services that save energy. While the appeal of individual energy management solutions is relatively low compared to other smart home services, Parks Associates hypothesizes that bundling energy services with other smart home services, with smart home products, or with traditional home services such as home or appliance warranties and HVAC service contracts, would increase the appeal of energy ...read more