Parks Associates: 25% of UK Consumers Rate Access to Real-Time Energy Use Information as Most Valuable Energy Management Tool

DALLAS, June 17, 2019 /PRNewswire/ -- Research from Parks Associates finds 25% of UK broadband households rate access to real-time energy use information as the most valuable energy management tool. According to IoT in the UK: Energy and the Smart Home, UK consumers show strong interest in real-time alerts and notifications for high energy consumption. Providers and manufacturers can tap into this opportunity with energy-related service and product bundles.

"Campaigns such as Gaz & Leccy promotions in Great Britain have helped boost consumer awareness of the benefits in real-time energy information, especially regarding cost control," said Denise Ernst, VP, Parks Associates. "The next step is to make that information relevant and easily actionable for consumers. Analytics paired with real-time data can develop a model of what is normal in a household and provide alerts when energy consumption goes outside those parameters."

Parks Associates research shows saving money is the highest positive influencer for the purchase of smart home devices, and energy-related use cases often deliver the most direct cost savings through lower energy bills. IoT in the UK: Energy and the Smart Home provides insights on awareness, demand, and adoption for connected energy products in relation to the smart home.

Additional research includes:

• 18% of consumers in the UK are very familiar with smart thermostats.
• More than half of UK broadband households with a smart thermostat find third-party monitoring of smart thermostats very valuable.
• The median household in the UK spends £50 per month for electricity.

Parks Associates will highlight the latest smart home and energy management solutions and business strategies at its upcoming CONNECTIONStm Europe on 19-20 November at the Amsterdam Marriott Hotel, Amsterdam. More information at www.connectionseurope.com.

For information on IoT in the UK: Energy and the Smart Home, contact [email protected]. To schedule an interview with an analyst or to request specific research data, please contact Sherrelle Lewis at [email protected], 972-996-0214.

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 CONNECTIONStm 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

Media Contact:
Sherrelle Lewis
Parks Associates
972-996-0214
[email protected] 

SOURCE Parks Associates