Parks Associates Blog

Tuesday, February 10, 2009

Parks Associates forecasts 6 million homes with Smart Meters by 2012

Residential energy management research addresses market opportunities, initiatives, and consumer preferences --

The market for residential energy management will increase significantly over the next four years due to increased consumer demand and new government and industry initiatives. The number of U.S. households with a smart meter will grow to over six million by 2012, according to Parks Associates.

The international research firm recently announced its new research project Residential Energy Management: Opportunities for Digital Systems and Services, which analyzes this market, current and future deployments, and consumer preferences.

Parks Associates reports that over one-half of U.S. households take steps to conserve energy. The impact of this consumer behavior has broad implications for multiple players, from appliance manufacturers to venture capitalists. Already, a strong majority of U.S. builders recognize energy-efficient amenities as the most positive influencers in selling a home.

Residential Energy Management features multiple components, including an online survey of 1,500 U.S. households regarding their use and awareness of smart meters. The project also includes profiles of innovative companies and utilities in this sector, interviews with government officials, forecasts for AMI deployments and energy-saving products and services, and a report on international activities in energy management.

For more information, click here.

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