This report, authored by Jennifer Kent and Mike Smith from Parks Associates, saw its publication on November 22, 2022. It delves into the flourishing smart home ecosystem, highlighting fresh opportunities for builders and utilities. The report identifies the potential of smart thermostats, appliances, lighting, plugs, and other energy solutions. Notably, consumer demand aligns with a desire for streamlined, unified smart home experiences and the ability to monitor energy consumption. The key takeaway is that the smart home market is on a rapid growth trajectory, offering energy-saving advantages for homeowners and novel business avenues for builders and utilities.

Keywords: Access Controls, Connected Home, Construction/New Buildings, Consumer Electronics, Energy Efficiency/Management, Internet of Things (IoT), Protocols/Standards, Renewable Energy, Smart Grid, Training, Utilities

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