Press release
Electronic Shelf Label (ESL) Market Presents an Overall Analysis, Development Trends, Driving Forces & Opportunities
Electronic Shelf Label (ESL) Market is expected to reach USD 826 Mn in 2021 and is expected to reach USD 2503.65 Mn by 2027 at a CAGR of 20.30% during the forecast period.Electronic shelf labels (ESLs) are observing an escalation in demand for their use in exhibiting product prices in retail stores. These are generally affixed to retail shelves' front edge and employs LCD or E Ink™ displays and centralized pricing system (to align and coordinate fluctuations in pricing across different levels) to present the current product prices to the customers. Further, ESLs allow for dynamic pricing that adapts to several factors such as an increase in price to consider low inventory; or drop in price to get a competitive edge or allow for the rapid sale of items that are approaching their expiration date.
Electronic Shelf Label (ESL) Market Dynamics:
Electronic shelf labels used by retailers have an indicator that displays the price of the product and the offers related to the product. There are several electronic shelf labels in a retail store that are controlled by a server, which uses a wireless communication network to communicate with the ESL. Some of the important factors such as increasing operational efficiency, better product positioning, and increasing retail automation are driving the growth of the Global Electronic Shelf Label (ESL) Market. The wide range of ESL users ranges from groceries market, hardware stores, sports equipment, furniture, consumer appliances, and electronics and gadgets.
A technology used by merchants to display particular product information and pricing on the shelves is known as an electronic shelf label (ESL) system. It offers an electronic connection between the product shelves and the checkout system in the store, assuring precise product pricing. The ESL system also offers a long shelf life, interchangeable batteries, and the possibility to be updated periodically without any fuss. Electronic shelf labels are extensively used by all types of retail outlets, including supermarkets, hypermarkets, specialty shops, department stores, etc., as a result of the expanding trend of automation.
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Global Electronic Shelf Label (ESL) Market: Major Players
Pricer AB
SES-imagotag
Cest Co., Ltd
Displaydata
LG Innotek
M2COMM
Diebold Nixdorf
E Ink
Teraoka Seiko Co., Ltd
SoluM
Altierre
Global Electronic Shelf Label (ESL) Market: By Types
LCD
Segmented E-Paper ESL
Full Graphic E-Paper ESL
Global Electronic Shelf Label (ESL) Market: By Applications
Hypermarkets & Supermarkets
Retail Stores
Specialty Stores
Others
Global Electronic Shelf Label (ESL) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Electronic Shelf Label (ESL) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the global Electronic Shelf Label (ESL) market?
• Which factors are influencing the global Electronic Shelf Label (ESL) market over the forecast period?
• What are the global challenges, threats, and risks in the global Electronic Shelf Label (ESL) market?
• Which factors are propelling and restraining the global Electronic Shelf Label (ESL) market?
• What are the demanding global regions of the global Electronic Shelf Label (ESL) market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
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This report studies Electronic Shelf Label (ESL) in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
SES(imagotag)
Pricer
Displaydata
Opticon Sensors Europe B.V
Altierre
Hanshow Technology
Panasonic
LG innotek
Solum
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