Parks Associates forecasts energy management networks will be in over 9 million U.S. households by 2014
Majority of energy management systems will be independent residential energy management networks (iREM Nets)
The firm's report Residential Energy Management: Forecasts for the Deployment of AMI and the Adoption of Energysaving Products and Services finds over 80% of U.S. consumers are interested in reducing expenditures on energy consumption and willing to pay for costsaving solutions. Costsaving products and services that generate consumer interest include programmable thermostats, energy monitors and systems enhanced with energymanagement capabilities, smart appliances, and energyefficient CE systems.
However, the amount consumers are willing to spend does not cover the costs of required systems, creating a need for innovative business models that will enable a new energy management service industry.
"Utilitybased home area networks (HANs) are only one of several options for these solutions and services to enter the consumer market," said Bill Ablondi, director, home systems research, Parks Associates. "By 2013, iREMs will outnumber utilitybased HANs. By 2014, the vast majority of the nine million U.S. households with an energy management system will have an iREM. Engaging consumers is critical to success in this market. Business strategies must be developed that comprehend the magnitude of consumer education and support required for offerings in this arena."
Forecasts for the Deployment of AMI and the Adoption of Energysaving Products and Services provides detailed forecasts for REM solutions. It features analysis of the market for solutions that work within HANs as well as those within iREM Nets. For more information, visit http://www.parksassociates.com or contact 972-490-1113, firstname.lastname@example.org.
Parks Associates is hosting Smart Energy Summit: Engaging the Consumer on January 24-26, 2011, with keynotes from George Arnold, National Coordinator for Smart Grid Interoperability, National Institute of Standards and Technology, U.S. Department of Commerce, and Andres Carvallo, EVP, Chief Strategy Officer, Grid Net. This event is the premier conference studying the market for residential energy management and smart grid technologies. www.smartenergysummit2011.com
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 startups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.
The company's expertise includes new media, digital entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, consumer electronics, energy management, and home control systems and security.
Each year, Parks Associates hosts executive thought leadership conferences CONNECTIONS(TM) , with support from the Consumer Electronics Association (CEA)®, and CONNECTIONS(TM) Europe. In addition, Parks Associates produces the online publication Industry Insights in conjunction with the CONNECTIONS(TM) Conference series.