New consumer research from Parks Associates shows steady purchase intentions for smart appliances and continued growth for smart energy and lighting products, setting the stage for robust panel discussions during Design & Construction Week (the co-located International Builders’ Show® and Kitchen & Bath Industry Show®) in Orlando this week.
The international research firm’s just-released fourth-quarter 2021 data shows that 25% of US broadband households plan to buy a smart appliance in the next six months, including 15% who plan to buy a smart refrigerator. Almost one-third plan to buy a smart light bulb (32%), smart plug (30%), and/or a smart thermostat (29%).
At Design & Construction Week, Parks Associates will lead industry executives in discussions on consumer attitudes and behaviors towards new smart home technologies and connected devices. Panelists will include experts from Alarm.com, CarlyK.com, GE Lighting (a Savant company), Google, IOTAS, LG Electronics, Masonite, Moen, RainStick, Signature Kitchen Suite, and Southtown Audio Video.
Hosted in collaboration with smart appliance and energy solutions leader LG Electronics, the sessions will highlight Parks Associates’ latest data on smart appliances, energy management solutions, and green tech in the home and their impact on modern living for consumers.
“Consumer demand for greater control in the home extends to multiple devices and use cases in the home, including their energy consumption and its impact on costs, comfort, and convenience,” said Elizabeth Parks, President and CMO, Parks Associates. “Our latest research shows more than one in five US internet households now own a smart appliance, and purchase intentions have held steady at roughly one-fourth of households over the past few years.”