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 W...