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Parks Associates: 29% of US Broadband Households Plan to Purchase a Smart Thermostat in 2020

Parks Associates and PLMA present data and insights on consumer awareness and familiarity of energy management solutions, programs, and tools

DALLAS, Feb. 4, 2020 /PRNewswire/ -- Parks Associates research finds 29% of US broadband households plan to purchase a smart thermostat in 2020 and 13% of broadband households currently own a smart thermostat. Consumers are also showing more interest in automated energy programs, as 42% of current smart thermostat owners would allow a utility to adjust their device in order to save energy.

Parks Associates and PLMA will co-host the complimentary webcast "Trends and Opportunities in Residential Energy Management" on Thursday, February 6, 1 p.m. CT (2 p.m. ET). The webcast will present industry insights, analysis on recent product announcements from CES, and new consumer and industry research from Parks Associates, including adoption of smart home products, new partnerships, and deployment of new programs by utilities.

"Consumer awareness and familiarity regarding energy management solutions, programs, and tools, including time-of-use, tiered pricing, and energy monitoring products, increased over the past year," said Patrice Samuels, Senior Analyst, Parks Associates. "This can be partly attributed to utility marketing programs and co-marketing efforts with smart home product manufacturers."

Joining Samuels on the webcast are the following speakers:

  • Rich Barone, Director of Strategic Consulting for Customer Resources & Markets, Hawaiian Electric
  • Foued Barouni, Product Line Manager, AddÉnergie | FLO
  • Abhay Gupta, Founder & CEO, Bidgely
  • Jenny Roehm, Senior Manager, Utility Solutions, Schneider Electric

"As an industry, it is exciting to watch the continued evolution of controls technologies and the promise they hold for positively impacting the electric grid," said Rich Philip, Manager - Business Demand Response, Duke Energy, and PLMA Thought Leadership Co-chair. "The lynchpin for making the connection between the smart grid and the smart home a reality is winning broad customer acceptance of these technologies."

Parks Associates will host Smart Energy Summit: Engaging the Consumer, February 17-19 in Austin, Texas, to examine the changing role of utilities and energy providers in the IoT era. The conference offers research and insights on new opportunities to empower consumers with smart solutions to manage and save energy in the home.

To register for the webcast, visit http://www.parksassociates.com/plma-feb2020. To request data or an interview, please contact Elizabeth Parks at eparks@parksassociates.com, 972-490-1113.

About Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit: Engaging Consumers, Smart Energy Summit: Engaging the Consumer, and Future of Video: OTT, Pay TV, and Digital Media. http://www.parksassociates.com

PLMA

PLMA (Peak Load Management Alliance) was founded in 1999 as a community of experts and practitioners dedicated to sharing knowledge and providing resources to promote inclusiveness in the design, delivery, technology, and management of solutions addressing energy and natural resource integration. The non-profit association provides a forum for practitioners to share flexible load management expertise, including demand response and distributed energy resources. http://www.peakload.org

Elizabeth Parks
Parks Associates
972-490-1113
233630@email4pr.com

Cision

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SOURCE Parks Associates