Electronic Shelf Label (ESL) Market is valued at USD 321.6 Billion in 2018 and expected to reach USD 936.7 Billion By 2025 with CAGR of 16.5% over the forecast period.
Electronic shelf label (ESL) is the electronic system used by the retailers to display the price of product and it uses infrared technology or radio frequency for the wireless communications. The price of each product is changes when it is updated in central control server. These help in the elimination of discrepancy in the price or product information and also enhance the store operation efficiency by eliminating the constant checking and updating the paper labels. ESL has also minimized the pricing errors and there is an increase in applications of ESL it can also be used in pharmacy store.
Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/455
*The sample pages of this report is immediately accessible on-demand.**
Electronic Shelf Label (ESL) Market report is segmented on Product type, technology type, store type and by regional & country level. Based upon product type, electronic shelf label (ESL) market is segmented into LCD ESL, Segmented E-Paper ESL, and Full-Graphic E-Paper ESL. On the basis of technology type, the market is segmented into Radio Frequency (RF), Infrared (IR), Near Field Communication (NFC), and Other. Based upon store type, electronic shelf label (ESL) market is classified into Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores and Other.
The regions covered in this Electronic Shelf Label (ESL) market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Electronic Shelf Label (ESL) market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for Electronic Shelf Label (ESL) market are Wincor Nixdorf, SES-imagotag, M2Communication, Ltd., Pricer AB, LG Innotek, CEST, Displaydata, Teraoka Seiko Co., Altierre, E Ink Corp., and SoluM among others.
Increase in automation in retail and technological advancement is the key factor which helps Electronic Shelf Label (ESL) Market to grow.
There is an constant increase in the retail business with the constant increase in the population over the period of time. There is an increase in the demand for cost efficient and secure fast price labeling has increase the ESL market. There is an constant increase in the automation in the retail sectors which is expected to increase the operational efficiency of the retail store in the long run and reduces the human errors. Moreover, technological advancement and stringent regulatory policies are against the misleading product prices which in turn fuel the growth of electronic shelf labeling market over the forecast period. These ESL system also provide the stock information with weekly price change, promotion and discount offer which improve the customer experience which in turn increases the overall sales of the store. Increasing demand for smart ESL is expected to create opportunities for the electronic shelf label market over the forecast period. However, lack of awareness about ESL market is expected hamper the growth of ESL market over the forecast period.
North America is expected to dominate the Electronic Shelf Label (ESL) Market.
North America accounted for largest market share to dominate the electronic shelf label market. The presence of developed countries such as Canada, U.S. and others coupled with presence of retail stores across the region. Europe is expected to be the second largest growing market for electronic shelf label market due to the technological advancement taken place. Especially, in terms of automation in the retail sector moreover, most of the manufacturer belongs to the region are expected to drive the growth of ESL market. Asia Pacific is expected to develop significantly over the forecast period owing to the presence of developing economies such as India, China and others. Furthermore, increasing awareness among people coupled with increase in retail chain business has also increased the demand for increased operation efficiency. However, some of Asia Pacific countries have high labor cost to reduce the operational cost and increase the efficiency and also increase in promotional activities are expected to drive the growth of ESL market over the forecast period. Latin America is expected to follow Asia Pacific in terms of growth rate. Middle East and Africa is expected to develop at a considerable rate in the near future.
Key Benefits for Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Market Segmentation –
By Product Type
- LCD ESL
- Segmented E-Paper ESL
- Full-Graphic E-Paper ESL
- Radio Frequency (RF)
- Infrared (IR)
- Near Field Communication (NFC)
By Store Type
- Non-Food Retail Stores
- Specialty Stores
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
Brandessence Market Research and Consulting Pvt. ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Contact us at: +44-2038074155 or mail us at email@example.com