Developing the US Biomass Residential Heating Market: Insights From Research

Adee Athiyaman
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Adee Athiyaman: Western Illinois University, Macomb, USA

International Journal of Social Ecology and Sustainable Development (IJSESD), 2018, vol. 9, issue 4, 18-44

Abstract: The objective of this article is to help biomass heating industry in its marketing tasks, by helping the industry segment its consumers so that marketing efforts can be targeted at households that will purchase and use biomass home heating. To achieve this objective, the author classifies US households using structural characteristics (for example, year the home was built) and function or behavioral features of the households (for example, life goals or values of the head of household). Gaining social approval, living an active or exciting life, and a mature understanding of life are the primary motives that influence biomass equipment purchase. One-in-three households in the nation possess these values and hence are the ideal targets for the industry. Since not all geographical locations are equally attractive, the author has developed an interactive computer application that insures that managers target households that meets business goals. Future research on home heating can build on this approach to deduce theorems about consumer purchases of green-energy products.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jsesd0:v:9:y:2018:i:4:p:18-44

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