Smart Home-Utility Partnership Opportunities

LONDON, July 5, 2017 /PRNewswire/ -- Electricity delivery is moving from centralized generation and distribution to distributed generation located near consumption. This transition creates multiple opportunities for utilities and distributed generation and storage suppliers. This report analyzes the competitive landscape for distributed generation and storage, highlighting the market advantages of electric utilities, retail electricity providers, and third-party vendors.


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1.0 Report Summary

Purpose of Report
As consumer interest and adoption of smart devices with energy management features increase, utilities are tasked with identifying strategies that can leverage this new connectivity. This report examines how smart products and smart home systems can be leveraged to enhance home energy management. This report assesses consumer demand for energy management and how it impacts the energy industry and smart device companies. It evaluates how the various industries involved can cooperate to better meet consumer demand.

Scope of Report
The report focuses on the following key topics:

- Consumer engagement with energy management
- Consumer demand for energy management services
- Adoption of and purchase intentions for smart home devices
- Strategies for intersecting utility energy monitoring and management programs with smart home devices, big data, and distributed generation
- Key considerations and best practices for each strategy

Geographically, this study focuses on U.S. utilities. However, the concepts apply globally.

Research Approach/Sources
Information for Smart Home – Utility Partnership Opportunities is drawn from several sources:
1. Public information such as websites, financial reports, corporate presentations, conference
calls, press releases, and speeches at conferences.
2. Interviews with technical support vendors and providers, software companies, and retailers
3. Information from Parks Associates Reports:
- The Evolution of Home Energy Management (Q1/2016)
- Winning Smart Home for Energy Management (Q3/2015)
4. Data from primary consumer surveys conducted by Parks Associates over the past two years, including the following:
- 360 View: Energy Management, Smart Home, and Utility Programs -- a consumer research study assessing a compilation of data taken from multiple Internet surveys of heads-ofbroadband-households in the U.S between 2010 and 2016 (Q1/2017)
- American Broadband Households and Their Technologies – a Parks Associates study of over 10,000 heads-of-broadband-households in the U.S. (Q4/2016)
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