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Field-induced polymer electroluminescent (FIPEL) Products and Technology Market Analysis - Forecast(2022 - 2027)

 It has been estimated by the U.S. Energy Information Administration (EIA) that in 2015, approximately 15 percent of the total energy consumption in the United States was used for lighting in the residential and commercial sectors. One of the factors attributing to such high consumption levels is the use of traditional incandescent lamps that consume a lot of power. The 2007 Energy Independence and Security Act started with the phaseout of incandescent bulbs with the shift to other technologies. Several technologies have been developed over the years to bring down the consumption level. Some of these include compact fluorescent lamps (CFLs) and light emitting diodes (LEDs) that have the ability to produce the same amount of light while consuming much lesser energy as compared to incandescent lamps. Research and development efforts have paved the way for a new lighting technology called Field-induced polymer electroluminescent (FIPEL) technology. FIPEL technology was developed at Wake Forest University in North Carolina, U.S., by Dr. David Caroll and his team. FIPEL is essentially an electroluminescent light source that has the benefit of lower power consumption. This comprises of several sheets of thin plastic that are inserted between an aluminum electrode and conducting electrode that is transparent. On passage of current through the device, the plastic gets stimulated to produce light. While the power consumption requirement of FIPEL technology is lesser than CFL, it is currently at par with LEDs. However, it has certain benefits over LEDs as well that could prove to make this a highly disruptive technology in the near future.

FIPEL technology, apart from being energy efficient, can be made into any shape, is non-flicerking, shatterproof and easy on the eyes. It also has the potential to last much longer as compared to currently available lighting technologies. Price is one factor coupled with the slow commercialization of this technology that is currently hindering the growth.

Field-induced polymer electroluminescent (FIPEL) Products and Technology Market

In terms of applications, the Field-induced polymer electroluminescent (FIPEL) Products and Technology market has been segmented across the following 

Lighting for residential and commercial purpose & Others

The market has been segmented based on the following geographies:

North America

South America

APAC

Europe

Middle East 

Africa

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