Home Tek Parks Associates: 67% of Smart Thermostat Shoppers Prefer Retail Channels

Parks Associates: 67% of Smart Thermostat Shoppers Prefer Retail Channels

CONNECTIONS™ Summit at CES® features energy management session hosting industry leaders from Constellation, Inspire, Racepoint, Sprosty Network, and STRATIS IoT

Rilispedia.com – Parks Associates research finds that retail channels are the top purchase location for smart thermostats, as 67% of US broadband households planning to buy this device prefer to use the retail channel for their purchase. One in seven households plans to purchase a smart thermostat in the next 12 months, and more than one-third plan to self-install the device. Only 18% will use a retailer to install the smart thermostat, while 25% plan to use a home security provider for installation services.

International research firm Parks Associates will address smart energy solutions that have crossover use cases with smart home services at the 15th annual CONNECTIONS™ Summit: Smart Home Business Models and Strategies on January 7 at CES® 2020 in Las Vegas. CONNECTIONS™ Summit features multiple sessions examining mass-market business strategies, partnership opportunities, next-gen home services, energy management solutions, and smart home platforms, concluding with a networking reception sponsored by Alarm.com. CONNECTIONS™ Summit sponsors include Alarm.com, ARM, Cirrent, Everise, Inspire, Irdeto, Sprosty Network, and MMB Networks.

Parks Associates: Smart Thermostat: Most Appealing Purchase Location and Installation and Maintenance Options
Parks Associates: Smart Thermostat: Most Appealing Purchase Location and Installation and Maintenance Options

“Smart energy solutions deliver immediate value propositions in cost and energy savings, so smart thermostats have long been a leading device in the smart home ecosystem, although growth in adoption has stagnated recently,” said Chris O’Dell, Research Analyst, Parks Associates. “Parks Associates research shows crossover use cases and multichannel strategies can invigorate new consumer interest in smart energy. At CONNECTIONS™ Summit, we will explore new channel and business strategies that align with consumer demands and preferences.”

The session “Energy Management Solutions: Smart Home Crossover” features the following speakers:

CONNECTIONS™ Summit at CES is a one-day executive summit that focuses on the best business models and value propositions in the Internet of Things (IoT), the smart home, and connected and mobile CE and services. The event includes eight executive sessions and a networking reception on January 7, the opening day of CES.

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