Smart Plug Market Penetration Remains Under 10% in US, Says Parks

Eleven percent of U.S. broadband households own a smart light bulb and 9% a smart plug, Parks Associates reported Thursday. That’s up from 8% and 6% in 2018. "COVID-19, and a growing focus on green energy solutions, has added new drivers to adoption of home energy management products," along with other technology helping homes "save energy," said President Elizabeth Parks. The research firm plans a Smart Energy Summit virtually Feb. 23-24.