Press release
Electronic Shelf Label Market Growth, Analysis, Latest Trends and Forecast till 2026
The global electronic shelf label market is expected to grow to USD 2,092 million by 2026 from an estimated USD 826 million in 2021, at a CAGR of 20.4% during the 2021-2026 period.Electronic shelf labels are electronic display systems used by retailers for displaying prices of products on shelves. They use e-paper or LCD modules and wireless communication platforms for displaying prices of products to customers. According to IGI Global, price tags used to display the accurate price of a product using an electronic linkage between shelves and central or checkout systems are known as electronic shelf labels. These labels make use of radio frequency, infrared, near-field communication, or WLAN for linking master systems with shelves. They are used in hypermarkets, supermarkets, departmental stores, superstores, non-food retail stores, and specialty stores. Electronic shelf labels are also used in several industrial applications. Electronic shelf labels are specifically used to display prices, promotional offers, and other details of products at retail outlets. These labels use e-paper displays, liquid crystal displays (LCD), or graphic displays to show information pertaining to products. They enable retailers to display accurate prices of a particular product, thereby leading to price optimization across various channels. Electronic shelf labels (ESLs) have been trending in the retail industry for the past few years.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40815676
An electronic shelf label uses e-ink to display the information pertaining to a product in a retail outlet and is connected to a central system and database. It offers several benefits to the retailers and enables them to offer a competitive price in real-time with the involvement of less human labor. The electronic shelf labels also provide an omnichannel experience for the consumers, enhance their shopping experience, and create customer loyalty. The other benefits associated with the installation of electronic shelf labels are to have accurate pricing across different sales channels and to take advantage of the shelf edge, which influences the buying behavior of the consumer. The use of electronic price labels can significantly increase the speed of updating the price of commodities in retail stores, reduce operating costs, and enhance the shopping experience. Electronic price tags may become the mainstream commodity price display tool in the years to come. Although the use of electronic price tags is of great benefit, their initial cost is high, and they are not suitable for all retail stores.
Full-graphic e-paper segment is expected to witness the highest growth rate during the period 2021 and 2026
The full-graphic e-paper segment is projected to lead the electronic shelf label market from 2021 to 2026. The growth of this segment can be attributed to the increasing demand for price automation from tier I and tier II retailers that rely on these electronic shelf labels to a large extent, as they support graphic content and information. In addition, full-graphic e-paper based electronic shelf labels are a key to gain customer attention and make the in-store communication dynamic. Using graphic displays, retailers can carry out product positioning in real-time and enhance the shopping experience of customers. The key benefit of using full-graphic e-paper electronic shelf labels is their ability to project graphical objects, such as logos and callouts. They also support color displays. These labels are connected through high-speed radio frequency light touch infrastructures and are controlled by a suite of management and information software.
Hypermarkets held the major market share in the electronic shelf label market in 2020 and is expected to dominate the market during the forecast period
The presence of a large number of hypermarkets in North America and Europe has fueled the adoption of electronic shelf labels by retailers in these regions to enhance their operational efficiency and carry out cost optimization, along with significant improvements in response time to customers. The hypermarkets segment is projected to account for the largest size of the electronic shelf market for retail from 2021 to 2026. The growth of this segment can be attributed to the complications associated with managing large stores manually. Thus, electronic shelf labels are being increasingly adopted in hypermarkets for simplifying store operations. The use of these labels allows hypermarkets to update the prices and other product-related information in less time. Electronic shelf labels support the real-time product positioning strategy that helps in the smooth functioning of giant retailers, such as Walmart (US), Kroger (US), Kohl's (US), Tesco (UK), Carrefour (France), and Cora Hypermarkets (France).
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=40815676
APAC to grow at the highest CAGR of the electronic shelf label market during the forecast period
Ongoing globalization and flourishing organized retail sector in APAC are expected to contribute to the growth of the electronic shelf label market in APAC. The market in this region is projected to grow at the highest CAGR from 2021 to 2026. Additionally, the readiness of retailers (that is, end users of electronic shelf labels) in APAC to follow the trends prevailing in the global retail industry also leads to the growth of the electronic shelf label market in this region. Japan is a key adopter of electronic shelf labels in APAC. In Australia, labor costs are high. Thus, retailers in the country are spending significant amounts on price management of products to maximize the promotional activities of various products. The electronic shelf label market in APAC has been studied for China, Japan, South Korea, and the Rest of APAC. Presently, APAC is not a lucrative market for electronic shelf labels as only prominent countries such as China, Japan, Australia, Singapore, and South Korea are expected to be potential markets for these labels. The economic reform programs of various countries in APAC are creating growth opportunities for the manufacturers of electronic shelf labels. In addition, the expansion of large-scale retailers in this region is also responsible for the expected high growth rate of the electronic shelf label market in APAC. Several Southeast Asian countries are venturing into retail automation to improve customer experience in physical retail stores.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electronic Shelf Label Market Growth, Analysis, Latest Trends and Forecast till 2026 here
News-ID: 2703060 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for APAC
Bronchopulmonary Dysplasia APAC Market Poised for Phenomenal Expansion Across AP …
DelveInsight's "Bronchopulmonary Dysplasia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Bronchopulmonary Dysplasia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Bronchopulmonary Dysplasia market report provides current treatment pattern analysis, potential upcoming players, market share…
Allergic Rhinitis APAC Market Poised for Phenomenal Expansion Across APAC Region …
"DelveInsight's "Allergic Rhinitis- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Allergic Rhinitis, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Allergic Rhinitis market report provides current treatment pattern analysis, potential upcoming players, market share…
Epilepsy APAC Market Poised for Phenomenal Expansion Across APAC Region in the C …
DelveInsight's "Epilepsy- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Epilepsy, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Epilepsy market report provides current treatment pattern analysis, potential upcoming players, market share of approved and…
Insomnia APAC Market Poised for Phenomenal Expansion Across APAC Region in the C …
DelveInsight's "Insomnia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Insomnia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Insomnia market report provides current treatment pattern analysis, potential upcoming players, market share of approved and…
Vascular Dementia APAC Market Poised for Phenomenal Expansion Across APAC Region …
DelveInsight's "Vascular Dementia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Vascular Dementia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Vascular Dementia market report provides current treatment pattern analysis, potential upcoming players, market share…
Frontotemporal Dementia APAC Market Poised for Phenomenal Expansion Across APAC …
"DelveInsight's "Frontotemporal Dementia- Patient Pool Analysis, Market Size and Market Forecast APAC, 2034" report comprises of detailed understanding of the Frontotemporal Dementia, historical and forecasted patient burden, treatment addressable patient population, as well as key differences in market trends in the APAC region (India, China, South Korea, Taiwan, and Australia) when compared with established markets.
The APAC Frontotemporal Dementia market report provides current treatment pattern analysis, potential upcoming players, market share…