Press release
Electronic Shelf Label (ESL) Market Size, Share, Trends, and Forecast: 2024-2030
Electronic Shelf Label, also known by the acronym ESL. It is the latest solution for inventory and price management in the retail sector, based on the use of advanced IT technology. ESL replaces conventional paper price tags attached to the shelves of supermarkets and department stores with, for example, LCDs and electronic paper (E-paper) that show information on product price, sales promotions, etc.
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Electronic shelf labels, also known as ESLs. Based on advanced IT technology, it is the latest solution for inventory and price management in the retail industry. ESL replaces conventional paper price tags on supermarket and department store shelves with LCD and e-paper displays to display product price promotions.
ESL uses low-power wireless communication technology Zigbee to update product prices in real time. ESL consists of labels equipped with electronic paper and a gateway that provides product information. The central server sends information about each product to the gateway, which in turn sends the information to thousands of tags simultaneously.
The electronic shelf label includes a transceiver configured to communicate with a plurality of wireless data tags associated with a plurality of retail products.
According to the new market research report "Electronic Shelf Label (ESL)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Electronic Shelf Label (ESL) market size is projected to reach USD 2.34 billion by 2029, at a CAGR of 11.0% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Electronic Shelf Label (ESL) include BOE (SES-imagotag), Pricer, SoluM, E Ink, Hanshow, Displaydata, LG innotek, Opticon Sensors Europe B.V, DIGI, Panasonic, etc.
In 2022, the global top five players had a share approximately 78.0% in terms of revenue.
Market Drivers:
Providing real-time pricing: The ESL system enables retailers to adjust prices in real time and conduct flexible pricing based on market demand, seasonal changes and other factors. This helps to better respond to market changes and improve competitiveness.
Sustainable development: The use of ESL technology can reduce the use of paper labels, help reduce paper waste and environmental impact, and is in line with the trend of sustainable development.
Technological innovation: With the continuous development of technology, the ESL system is also constantly innovating. For example, improvements such as the introduction of more advanced display technology, integration with the Internet of Things (IoT), and longer battery life have all promoted the development of ESL systems.
Restraint:
Technical standards and interoperability: There may be multiple different ESL technical standards within the industry, which may lead to interoperability issues. Retailers may face the challenge of selecting appropriate technology standards to ensure smooth operation and integration of systems.
Energy requirements: Electronic shelf labels require constant power, so energy requirements can be an issue, especially for large-scale retailers. Providing stable and sustainable power can be a challenge.
Data security and privacy issues: As ESL systems are digitized, large amounts of data related to prices and product information are stored and transmitted. This raises concerns about data security and privacy, especially when dealing with sensitive business information.
Opportunity:
Digital marketing: ESL systems can be used as part of digital marketing to help retailers better interact with consumers and increase sales and loyalty by displaying product reviews, recommending products and providing relevant information.
IoT integration: Integration with Internet of Things (IoT) technology can provide retailers with more data and insights, such as inventory levels, sales trends, and more. This helps in better management of supply chain and inventory.
Environmental protection and sustainability: The use of ESL technology can reduce the use of paper labels, help reduce paper waste, and is in line with the trend of sustainable development. This can also be an opportunity for retailers to project their CSR image in the market.
Emerging Markets: With the rise of emerging markets, especially in the Asia-Pacific region and other regions, the growth of the retail industry has also provided new development opportunities for the ESL industry.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Electronic Shelf Label (ESL) market is segmented as below:
By Company
BOE (SES-imagotag)
Pricer
SoluM
E Ink
Displaydata
Opticon Sensors Europe B.V
DIGI
Hanshow
LG innotek
Panasonic
Altierre
Segment by Type
Liquid Crystal Display (LCD) Displays
E-Paper Displays
Segment by Application
Department Stores/Mass Merchandise
Grocery/Supermarket
Drug Stores
Specialty Stores
Others
Each chapter of the report provides detailed information for readers to further understand the Electronic Shelf Label (ESL) market:
Chapter 1: Introduces the report scope of the Electronic Shelf Label (ESL) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Electronic Shelf Label (ESL) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Electronic Shelf Label (ESL) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Electronic Shelf Label (ESL) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Electronic Shelf Label (ESL) in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Electronic Shelf Label (ESL) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Electronic Shelf Label (ESL) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Electronic Shelf Label (ESL) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Electronic Shelf Label (ESL) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Electronic Shelf Label (ESL) Market Insights, Forecast to 2030
Electronic Shelf Label (ESL)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global and China Electronic Shelf Label (ESL) Market Report & Forecast 2024-2030
Global Electronic Shelf Label (ESL) Market Research Report 2024
Electronic Shelf Label (ESL) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global and United States LCD Electronic Shelf Label(ESL) Market Report & Forecast 2024-2030
Global LCD Electronic Shelf Label(ESL) Market Insights, Forecast to 2030
LCD Electronic Shelf Label(ESL)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global LCD Electronic Shelf Label(ESL) Market Research Report 2024
Global and United States NFC Electronic Shelf Label(ESL) Market Report & Forecast 2024-2030
Global NFC Electronic Shelf Label(ESL) Market Insights, Forecast to 2030
NFC Electronic Shelf Label(ESL)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global NFC Electronic Shelf Label(ESL) Market Research Report 2024
Global and United States BLE Electronic Shelf Label(ESL) Market Report & Forecast 2024-2030
Global BLE Electronic Shelf Label(ESL) Market Insights, Forecast to 2030
BLE Electronic Shelf Label(ESL)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global BLE Electronic Shelf Label(ESL) Market Research Report 2024
Global and United States WIFI Electronic Shelf Label (ESL) Market Report & Forecast 2024-2030
Global WIFI Electronic Shelf Label (ESL) Market Insights, Forecast to 2030
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
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JP: https://www.qyresearch.co.jp
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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