Parks Associates reports smart thermostat ownership has more than doubled in three years

DALLAS, April 17, 2018 — (PRNewswire) —  Recent Parks Associates research shows that smart thermostat ownership has more than doubled in recent years, from 5% in 2014 to 13% in 2017. The firm's 360 View: Energy Management, Smart Home, & Energy Providers reports purchase intention rates have also doubled in the same time period.

"Approximately 63% of the thermostats purchased in the last year were smart thermostats," said Elizabeth Parks, SVP, Parks Associates. "It has proven to be a hero device for smart home sales, but perceptions of value and affordability are still a concern, as prices of smart thermostats vary considerably. Nest and ecobee have introduced lower cost models, but smart thermostats priced at $200 or more are still driving 43% of volume. The average price consumers paid for a smart thermostat is $175, which is 75% greater than the average price paid for all thermostats."

The consumer IoT research firm's 22^nd-annual CONNECTIONS™: The Premier Connected Home Conference, May 22-24 in San Francisco, will include the following keynotes:

• Dr. Melissa Gregg, Director, Research, Intel Smart Home, Intel
• Yoon Lee, SVP, Head, Product Innovation Team and Head, Content Services, Samsung
• Miles Kingston, GM, Smart Home Group, Intel
• Patti Loyack, VP, IP Services, Comcast Cable
• Mark Spates, Product Lead, Smart Home, Google
• Balaji Sridharan, VP, IoT & M2M, T-Mobile

Speakers include:

• Eric Adler, CEO, Flume
• Asaf Ashkenazi, VP, Internet of the Things Security Products, Rambus
• Yossi Atias, GM IoT Security, BullGuard Israel Ltd
• Marcio Avillez, SVP Networks, CUJO
• Ran Baror, VP Consumer Business, eyeSight Technologies
• Christopher Baskin, CEO, American Two-Way
• Autumn Braswell, COO, iQor
• Rob Conant, CEO, Cirrent
• Richard Culberson, Executive Director, Home Security & Smart Home Operations, Cox Communications
• Jason Dudley, Senior Planning Analyst, Salt River Project
• Larry Folsom, President and CEO, I-View Now
• Dylan Gale, Principal, Comcast Ventures
• Monika Gupta, EVP Sales, Marketing and Product, Cognitive Systems
• Mike Hackett, Co-founder and SVP, Qolsys
• Ted Haeger, VP, Training & Support, Control4
• Yuval Harry, Head, Partnerships, Hippo Insurance
• Morgan Hertel, VP, Technology & Innovation, Rapid Response Monitoring
• Jim Hunter, Chief Scientist and Technology Evangelist, Greenwave Systems
• Len Jordan, Managing Director, Madrona Venture Group
• Chad Laurans, Founder and CEO, SimpliSafe
• Joe Liu, CEO, Mivatek Smart Connect
• Bill Loesch, CEO, LeakSentinel
• Bob Marshall, CEO, Whisker Labs
• Alton Martin, Co-Founder & Co-CEO, Trusource Labs
• Kevin Meagher, Chief Commercial Officer, Intamac
• Dr. Chris Mitchell, CEO & Founder, Audio Analytic
• Wayne Morrison, Principal, Emerging Technologies, Reliant
• Lainie Muller, Director, Wellness, Alarm.com
• Rob Munin, President and CEO, Lux Products Corp
• Duane Paulson, VP - Strategic Partnerships, Fing
• Roel Peeters, CEO, Roost Labs
• Aditya Pendyala, Co-Founder & VP Growth, mnubo
• Dale Pistilli, VP, Sales & Marketing, August Home
• Tobin Richardson, President & CEO, Zigbee Alliance
• Cecilia Sevillano, Head, Smart Home Solutions, Swiss Re
• Marcus Scheiber, CEO, ROC-Connect
• Russell Vail, EVP, Market Development, Alula
• Dmitri Vellikok, Senior Principal Consultant, F-Secure
• Mike Wajsgras, Director, Channel Development, Constellation
• Jeremy Warren, CTO, Vivint Smart Home
• Jeffrey Weiner, VP, Product, Marketing and Sales, Mersoft
• Joe Wodark, AVP, IoT Telematics, Verisk Analytics
• Richard Wolpert, Co-Founder & CEO, HelloTech
• Brett Worthington, VP Global Business Development & Partnerships, Samsung SmartThings

To request an interview or data, contact Julia Homier, 193514@email4pr.com, 972-996-0214.

About CONNECTIONS™

CONNECTIONS™ is the premier connected home event hosting more than 600 executives from the connected entertainment, IoT, and smart home industries. sales@parksassociates.com, 972-490-1113, www.connectionsconference.com

Media Contact:
Julia Homier
Parks Associates
972-996-0214
193514@email4pr.com

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Company Name: Parks Associates, CONNECTIONS