DUBLIN--(BUSINESS WIRE)--Jan 13, 2020--

The "Connected Home of the Future, 2018" report has been added to ResearchAndMarkets.com's offering.

Consumers play a key role in driving various trends in the connected home energy industry. Their perceptions determine the success or failure of various initiatives and innovations in the market. This survey was designed to capture valuable insights regarding energy aspects and adoption trends associated with connected home solutions.

The study offers an in-depth understanding of perspectives around the current and future adoption trends with regard to home energy management and IoT-enabled offerings. This is in addition to the demand drivers and preferred business models that will resonate with customers. More than 1,200 occupants/homeowners with home Internet access residing in rural, urban, and sub-urban areas across the US and Canada were included in this survey. They are all involved in the decision-making process for investments in consumer electronics and communication technologies for their residences. The response patterns are also broken up by regions for both the US and Canada to provide insights of how trends vary across these regions. The observations from this survey range across adoption trends, system/device control factors, brand perceptions, energy cost perceptions, and preferred delivery models for energy and related services with a special focus on the role of utilities. Respondents closely related to the perception of connected home to systems with high energy consumption. This was followed by systems/devices accessible over Wi-Fi such as connected security, entertainment systems, and appliances.

The primary drivers of interest in connected homes were utility/energy/cost savings, followed by convenience and security. Energy costs are a high concern area for most respondents in both Canada and the US. Energy-saving investments made in this regard, however, have an expected payback period of one to two years, which was the most desirable payback period among respondents.

Research Highlights

The key highlights of the research include the following:

  • An opportunity to understand the consumers' perceptions of connected home energy management and IoT-enabled offerings
  • Insights to help assess the current state of adoption and unmet opportunities to address in the future.
  • Learning about homeowners' preferences, adoption criteria, key benefits, and technical barriers.
  • Perspectives on smart energy management needs, demand drivers, and preferred business models that will resonate with customers' needs.

Key Issues Addressed

  • How do homeowners/occupiers engage with smart energy solution providers today?
  • What motivates them to select some brands over others?
  • How satisfied are they with their current service providers?
  • How do they envision working with their service providers in the future?

Key Topics Covered:

1. Research Objectives and Methodology

  • Research Objectives
  • Research Methodology
  • Respondent Profile - Age and Gender
  • Respondent Profile - Education, Employment, Marital Status
  • Respondent Profile - Residence: Area, Ownership, Type of Home
  • Respondent Profile - Household: No. of People, Income, Tariff
  • Respondent Profile - Decision Making and Connectivity

2. Summary of Key Findings

  • Summary of Actions Taken to Reduce Energy Costs
  • Summary of Planned Actions to Reduce Energy Costs (Next 18 months)
  • Profile of Utility Programs
  • Various Energy-saving Measures
  • Home Energy Solution Benefits and Features

3. Perceptions of Energy costs

  • Summary - Perceptions of Energy Costs
  • Degree of Concern about Energy Costs
  • Perceived Trend in Home Energy Costs (Vs. Past Year)
  • Belief in Ability to Manage Home Energy Costs

4. Control Device Details

  • Summary - Control Device Details
  • Devices Used to Program the Switching of Lights
  • Devices Used to Program or Control the Thermostat
  • Most Preferred Device to Control the Thermostat

5. Satisfaction with Home Energy Solution Capabilities

  • Summary - Satisfaction with Home Energy Solution Capabilities
  • Satisfaction with Home Energy Solution Capabilities

6. Perceived Impact of Various Solutions on Energy Savings

  • Summary - Perceived Impact of Various Solutions on Energy Savings
  • Perceived Impact of Various Solutions on Energy Savings

7. The Ideal Home Energy Solution

  • Summary - The Ideal Home Energy Solution
  • Most Motivating Benefits to Adopt Home Energy Solutions
  • Likelihood of Adopting the Ideal Home Energy Solution (with the Most Motivating Benefits)
  • Reasons for Lack of Interest in the Ideal Solution

8. Brand Consideration and Preference

  • Summary - Brand Consideration and Preference
  • Home Energy Solution Brands
  • Brands to be Considered in the Next 12-24 Months
  • Brands' Share of Preference

9. Concerns about Home Energy Solution Adoption

  • Summary - Concerns About Home Energy Solution Adoption
  • Concerns About Home Energy Management Solutions

10. Troubleshooting Mechanisms

  • Summary - Troubleshooting Mechanisms
  • First Point of Contact in Case of System Malfunction
  • Types of System Malfunction Encountered
  • Connected Devices/Appliances That Malfunction Most Frequently
  • Actions to Facilitate Installation

11. Preferred Control Device

  • Summary - Preferred Control Device
  • Device to Control Connected Home Energy Management Solutions
  • Most Preferred Control Device

12. Possible Providers of Home Energy Solutions and Proposed Delivery Models from Utilities

  • Summary - Possible Providers of Home Energy Solutions and Proposed Delivery Models from Utilities
  • Possible Providers of Connected Home Energy Management Solutions
  • Most Preferred Providers of Connected Home Energy Management Solutions
  • Delivery Models for Energy Management Services
  • Inclusion of Energy Management Solution Fees in the Utility Bill and Preferred First Contact for Malfunctions
  • Willingness to Allow Utilities to Control Home Energy Consuming System
  • Connected Products that Utilities can be Allowed to Control
  • Preferred Timing of Control
  • Rebate Expectations for Program Participants

13. Connected Home Technology Adoption Trends

  • Summary - Connected Home Technology Adoption Trends
  • Concept of a Connected Home - Key Characteristics
  • Connected Home Technology Adoption
  • Drivers of Interest in Connected Home Technology
  • Connected Products at Home
  • Connected Products Likely to Be Adopted in the Next 12 Months
  • Other Benefits of Home Energy Management Solutions
  • Legal Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/u3fuqf

Laura Wood, Senior Press Manager

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY CONSTRUCTION & PROPERTY BUILDING SYSTEMS OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/13/2020 06:04 AM/DISC: 01/13/2020 06:04 AM

Copyright Business Wire 2020.