Electronic Shelf Label (ESL) Market

1
Electronic Shelf Label (ESL) Market Information
by Type (LCD, Segmented E-Paper and Full-Graphic
E-Paper), Technology (Radio Frequency (RF),
Infrared, Near Field Communication (NFC)),
Component, Store Type (Supermarkets,
Hypermarkets, Specialty Stores) and forecast
2017-2027
www.reportsanddata.com
2
Electronic Shelf Label (ESL) Market Overview
According to a recent report by Reports and Data,
the Global Electronic Shelf Table Market size was
valued at USD 587.6 Million in 2019 and is
projected to reach USD 3.14 Billion in terms of
value, delivering a CAGR of 23.8 through 2027.
The market growth is driven by increased adoption
of ESL or digital price tag for enhancing
operational efficiency with real-time product
positioning and popularizing trend of retail
automation. The electronic shelf labels are
witnessing major adoption demand from retail
stores on a large scale. ESLs utilize a
centralized pricing system in order to coordinate
and align with fluctuations in pricing across
different levels. It also employs an LCD or E
Ink display, which is generally fixed to retail
shelves to show the current product prices to
customers. Moreover, ESLs enable dynamic pricing
that acclimates to several factors, including a
drop in price, an increase in price to consider
low inventory, or allowing the rapid sale of
items that are nearing expiry date. Free Report
Sample _at_ https//www.reportsanddata.com/sample-enq
uiry-form/1104
www.reportsanddata.com
3
Electronic Shelf Label (ESL) Market
Dynamics Rapid technology advancements in retail
automation are positively impacting the ESL
market growth. Several industry players are
collaborating to roll out advanced technology ESL
for the retail sector. For instance, In 2019, The
Kroger Company, an American retail company,
displayed an interest in ESL-related prospects in
its collaboration with Microsoft for the
conception of Enhanced Display for Grocery
Environment or EDGE Shelf. This new system runs
on Microsoft Azure and is a connected IoT sensor
that sends real-time information from every shelf
in a retail store. It is highly beneficial for
data processing in the vicinity of smart shelves,
on smartphone applications of the retailers, and
for overall in-store management. Apart from its
usage in price fluctuations, it can also be used
to convey promotions through dynamic advertising,
any with diet-related information. However, high
costs related to the installation of electronic
shelf labels, and set up other infrastructure
like smart shelves, may negatively impact
industry growth.
www.reportsanddata.com
4
Electronic Shelf Label (ESL) Market Regional
Outlook Europe held the largest chunk of the
global market share in 2019 and is forecast to
witness a growth rate of 23.1 over the analysis
period. North America accounted for the
second-largest market share in the base year and
is poised to grow significantly due to the
presence of leading retail firms and supportive
regional government initiatives towards
innovation in technology and automation. The
APAC region is projected to experience the
fastest growth rate of 25.3 over the analysis
period due to macroeconomic aspects, along with
the rapid proliferation of the internet in
countries like China and India. Growing
expenditure on lifestyle products and expansion
of the retail sector in the region is enhancing
the necessity for in-store automation, which, in
turn is bolstering electronic shelf labels market
revenue share.
www.reportsanddata.com
5
Electronic Shelf Label (ESL) Major players in the
Market Pricer Samsung Electro-Mechanics Dis
playdata SES-Imagotag Diebold
Nixdorf Teraoka Seiko E Ink
Holdings M2communication Clearink
Display Panasonic Corporation
www.reportsanddata.com
6
Impact of COVID-19 on Electronic Shelf Label
Market The outbreak of current COVID-19 is
affecting the global economy in different ways,
mainly by creating supply chain market
disruption and by directly affecting demand and
production. The effect of lockdowns, curfews, and
social distancing measures taken by several
regional governments has dramatically disrupted
the retail sector. In a bid to avoid the mass
spread of the virus, individuals prefer online
purchases over retail, which is hugely impacting
the industry. The solution to various
multi-layered uncertainties experienced by
product manufacturers and industries involved in
the supply chain are covered in this research
report. Regional analysis includes North
America Europe Asia Pacific Latin
America Middle East Africa (MEA)
www.reportsanddata.com
7
Report Highlights Detailed overview of the
parent market Changing electronic shelf label
market dynamics in the industry In-depth
electronic shelf label market segmentation Histo
rical, present, and projected electronic shelf
label market size in terms of volume and
value Recent positive electronic shelf label
market trends and developments Competitive
landscape Strategies of key players and
products offered Segments, sub-segments, and
geographical regions exhibiting promising
growth A neutral perspective on the electronic
shelf label market
www.reportsanddata.com
8
Electronic Shelf Label (ESL) Market
Segmentation This report shows the revenue
growth at global, regional, and country levels to
provide an analysis of the market trends in each
segment and sub-segment from 2017 to 2027. For
this study, Reports and Data has segmented the
Electronic Shelf Label Market based on type,
technology, component, store type, and
region. Type Outlook (Revenue, USD Million
2017-2027) LCD Segmented E-Paper Full
Graphic E-Paper Technology Outlook (Revenue, USD
Million 2017-2027) Radio Frequency Infrared
Near Field Communication Others Component
Outlook (Revenue, USD Million 2017-2027) Displa
ys Batteries Microprocessors
www.reportsanddata.com
9
Transceivers Others Store Type Outlook
(Revenue, USD Million 2017-2027) Super
Markets Hyper Markets Specialty
Stores Non-Food Retail Store Others Browse
Complete Report _at_ https//www.reportsanddata.com/r
eport-detail/electronic-shelf-label-esl-market
www.reportsanddata.com
10
About Us
Reports and Data is a market research and
consulting company that provides syndicated
research reports, customized research reports,
and consulting services. Our solutions purely
focus on your purpose to locate, target and
analyze consumer behavior shifts across
demographics, across industries and help clients
make a smarter business decision. We offer
market intelligence studies ensuring relevant and
fact-based research across a multiple industries
including Healthcare, Technology, Chemicals,
Power, and Energy. We consistently update our
research offerings to ensure our clients are
aware about the latest trends existent in the
market. Reports and Data has a strong base of
experienced analysts from varied areas of
expertise.
Contact US
John Watson Head of Business Development Reports
And Data Web www.reportsanddata.com Direct
Line 1-212-710-1370 E-mail sales_at_reportsanddata
.com
www.reportsanddata.com