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Parks assoc qc-consumerdemandsmartenergysolutions-toc
1.
Consumer Demand for Smart
Energy Solutions SERVICE: SMART ENERGY MANAGEMENT 1Q 2020 www.parksassociates.com | © Parks Associates | sales@parksassociates.com | 972.490.1113 SYNOPSIS The smart home provides connectivity that allows consumers and energy service providers to understand and manage energy consumption throughout the home. As adoption of solar, storage, and electric vehicles grows alongside the smart home, utilities have the opportunity to align operation of these devices to the needs of the grid. This research provides insights on consumer interest in energy management products and services, including features, price sensitivity, and incentives for energy-efficiency solutions. ANALYST INSIGHT “As utilities and smart home device manufacturers seek to drive consumer adoption of energy-related smart home products, it is important to understand the types of energy management features that will help drive purchases. Consumer segmentation provides insight into what energy management programs and services are appealing and what incentives will drive greater consumer participation.” ― Patrice Samuels, Senior Analyst, Parks Associates Number of Slides: 93 Consumer Analytics Team Keshav Jaiswal, Consumer Insights Analyst II Yilan Jiang, Director Xiaofan Tan, Intern Industry Analyst Patrice Samuels, Senior Analyst
2.
Consumer Demand for Smart
Energy Solutions SERVICE: SMART ENERGY MANAGEMENT 1Q 2020 www.parksassociates.com | © Parks Associates | sales@parksassociates.com | 972.490.1113 CONTENTS Consumer Analytics: Home Energy Management • Key Questions Answered • Survey Methodology • Defining Heads of Broadband Households • Definitions and Abbreviations • Reading Parks Associates Charts Executive Summary • Industry Insight • Key Findings and Market Impact Energy Segments • Energy-Saving Actions Taken Over the Past 12 Months (Q4/19) • Energy-Saving Actions (2014 - 2019) • Energy-Saving Action Segments (2018 - 2019) • Demographic Breakdown by Energy-Saving Segments (Q4/19) • Housing Factors Breakdown by Energy Segments (Q4/19) • Lifestyle Attitudes by Energy-Saving Segments (Q4/19) • Average Monthly Expenditure on Electricity by Energy-Saving Segments (Q4/19) Energy Programs and Tools • High Familiarity with Energy Programs Offered (2015 - 2019) • High Familiarity with Energy Programs Offered by Energy-Saving Segments (Q4/19) • Energy Programs Offered by Electricity Provider (2018 - 2019) • Participation in Energy Programs (2018 - 2019) • Adoption of Energy Programs When Offered by Electricity Provider (Q4/19) • Participation in Energy Programs by Demographics (Q4/19) • Participation in Energy Programs by Housing Factors (Q4/19) • Most Valuable Energy Management Features (2016 - 2019) • Most Valuable Energy Management Tool by Energy Segments (Q4/19) Demand Response • Willingness to Adjust Smart Energy Products During Peak Periods • Willingness to Allow Manufacturers/Utility to Adjust Smart Energy Products During Peak Periods (2018 - 2019) • Willingness to Allow Manufacturers/Utility to Adjust Smart Energy Products by Product Ownership (Q4/19) • Willingness to Allow Manufacturers/Utility to Adjust Smart Energy Products by Demographics (Q4/19) • Willingness to Allow Manufacturer/Utility to Adjust Home Devices by Housing Factors (Q4/19) • Reasons For Not Participating in Load Control Programs (2018 - 2019) • High Likelihood of Allowing Electricity Providers to Make Energy-Saving Adjustments (Q4/19) • High Likelihood of Allowing Electricity Provider to Make Energy-Saving Adjustments by Demographics (Q4/19) • High Likelihood of Allowing Electricity Provider to Make Energy-Saving Adjustments by Housing Factors (Q4/19)
3.
Consumer Demand for Smart
Energy Solutions SERVICE: SMART ENERGY MANAGEMENT 1Q 2020 www.parksassociates.com | © Parks Associates | sales@parksassociates.com | 972.490.1113 • Likelihood of Allowing Electricity Providers to Make Energy-Saving Adjustments by Segments (Q4/19) Distributed Generation and Storage • High Familiarity of Energy Devices (2017 - 2019) • Energy Efficient Equipment or Vehicle Ownership (2013 - 2019) • Energy Efficient Equipment or Vehicle Ownership by Region (Q4/19) • Purchase Intention of Energy Efficient Equipment or Vehicle (2014 - 2019) • High Purchase Intenders of Distributed Energy and EVs by Demographics (Q4/19) • High Purchase Intenders of Distributed Energy and EVs by Housing Factors (Q4/19) • Distributed Energy: Payment Preference (Q4/19) • Distributed Energy: Purchase Channel Preference (Q4/19) • Importance of Using Solar Panels with Battery Storage (Q4/19) • High Importance of Using Solar Panels with Storage by Demographics (Q4/19) • High Importance of Using Solar Panels with Storage by Housing Factors (Q4/19) • Purchase Drivers of Solar Panels (Q4/19) • Purchase Drivers of Solar Panels by Demographics (Q4/19) • Purchase Drivers of Solar Panels by Housing Factors (Q4/19) • High Likelihood of Purchasing Solar Panels by Monthly Savings (Q4/19) • High Likelihood of Purchasing Solar Panels by Demographics (Q4/19) • High Likelihood of Purchasing Solar Panels by Housing Factors (Q4/19) • Purchase Drivers of Electric Vehicle (Q4/19) • Purchase Drivers of Electric Vehicle by Demographics (Q4/19) • Purchase Drivers of Electric Vehicle by Housing Factors (Q4/19) • Agreement on Living in a Community Powered by Solar Energy (Q4/19) • Agreement on Living in a Community Powered by Solar Energy by Demographics (Q4/19) Smart Energy Products • Smart Thermostat Ownership (2014 - 2019) • Smart Thermostat Ownership by Energy Segments (Q4/19) • Smart Thermostat Purchases (2014 - 2019) • Smart Thermostat: High Purchase Intention (2014 - 2019) • High Intention to Purchase a Smart Thermostat by Energy Segments (Q4/19) • Smart Lighting/Power Devices Ownership (2014 - 2019) • Smart Lighting/Power Devices Ownership by Energy Segments (Q4/19) • Smart Lighting Device Purchases (2014 - 2019) • Smart Lighting Devices: High Purchase Intention (2014 - 2019) • High Intention to Purchase a Smart Lighting Device by Energy Segments (Q4/19) • Smart Appliances: Ownership and Purchase Rates (Q4/19) • Smart Appliances Ownership by Energy Segments (Q4/19)
4.
Consumer Demand for Smart
Energy Solutions SERVICE: SMART ENERGY MANAGEMENT 1Q 2020 www.parksassociates.com | © Parks Associates | sales@parksassociates.com | 972.490.1113 • Smart Appliances: High Purchase Intention (Q4/19) • High Intention to Purchase a Smart Appliance by Energy Segments (Q4/19) Smart Products - Importance of Energy Management Features • Features Influencing Purchase of Smart Thermostat (Q4/19) • Likelihood of Paying for Energy Monitoring Service (Q4/19) • Features Influencing Purchase of Smart Lighting Device (Q4/19) • Important Purchase Drivers for Smart Plug/Adapter Module (Q4/19) • Most Appealing Features of Smart Refrigerator (Q4/19) • Most Appealing Features of Smart Oven/Cooktop (Q4/19) • Most Appealing Features of Smart Washer/Dryer (Q4/19) Appendix
5.
Consumer Demand for Smart
Energy Solutions SERVICE: SMART ENERGY MANAGEMENT 1Q 2020 www.parksassociates.com | © Parks Associates | sales@parksassociates.com | 972.490.1113 ATTRIBUTES Parks Associates 5080 Spectrum Drive Suite 1000W Addison TX 75001 parksassociates.com sales@parksassociates.com PHONE 972.490.1113 Toll free 800.727.5711 FAX 972.490.1133 Authored by Keshav Jaiswal, Yilan Jiang, Patrice Samuels, and Xiaofan Tan Executive Editor: Jennifer Kent Published by Parks Associates © 2020 Parks Associates | Addison, Texas 75001 All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher. Printed in the United States of America. DISCLAIMER Parks Associates has made every reasonable effort to ensure that all information in this report is correct. We assume no responsibility for any inadvertent errors.
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