The global electronic shelf label (ESL) market is expected to foresee significant growth. Europe to lead the growth!
- Himanshu Patni
- November 19, 2022
- CONSUMER GOODS
- Electronic Shelf Label Market, Electronic Shelf Label Market Analysis, Electronic Shelf Label Market Growth, Electronic Shelf Label Market Share, Electronic Shelf Label Market Size, Electronic Shelf Label Market Trends
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The Global Electronic Shelf Label (ESL) market is expected to register a CAGR of more than 20% over the period of 2021-2027. Growth in retail automation is one of the key factors contributing to the growing market for the electronic shelf label. Automation is the latest advancement set to revolutionize the global retail market. The retail-automation market is expected to witness steady growth, owing to such avant-garde collaboration between the global retail and consumer goods sector, and the global electronics and IT industry. Since retail industry drives the growth of several business and trade ventures around the world. Also. Effective automated products and programs that speed up the sales mechanism, create efficiency in product supplies, and develop easily-accessible business platforms that can produce a lucrative environment for the growth of the retail automation market globally.
For a detailed analysis of the Global Electronic Shelf Label (ESL) Market browse through – https://univdatos.com/report/electronic-shelf-label-market/
Based on product type, the market is classified into Full-graphic e-paper, Segmented e-paper, and Liquid Crystal Displays. The segmented e-paper grabbed a significant share of the market. The growth of this segment is attributed to their extremely low power consumption, very wide viewing angles, mono, and 3-and 4-color options, and paper-like readability under all store lighting conditions. Moreover, e-paper-based ESLs are more environment-friendly, and cost-effective, than LCD/LED technologies.
Based on components, the market is categorized into Displays, Batteries, Transceivers, Microprocessors, and Others. Among these display, segments is expected to witness the highest CAGR during the forecast period. The display is the main component required for the ESL. in recent years, there has been an exponential growth in the number of retailers adopting electronic labeling technology due to increasing concerns regarding the competitiveness in price, store attractiveness, modern retail amenities, and convenience.
Request for a sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=24036
For a better understanding of the market adoption of the Electronic Shelf Label (ESL) industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. Europe is expected to witness the highest CAGR during the forecast period on account of the rising number of commercial and industrial buildings in North America. As per Commercial Buildings Energy Consumption Survey (CBECS), as of 2018 5.9 million U.S. commercial buildings contain a total of 97 billion square feet. The number of commercial buildings increased by 6%, and commercial square footage increased by 11% since the CBECS was last conducted in 2012.
Some of the major players operating in the market include SES-imagotag, Pricer, E Ink Holdings, Displaydata, M2Communication, Samsung Display Solutions, Diebold Nixdorf, Opticon Sensors Europe, Teraoka Seiko, NZ Electronic Shelf Labelling LLC.
Global Electronic Shelf Label (ESL) Market Segmentation
Market Insight, by Product Type
- Full-graphic e-paper
- Segmented e-paper
- Liquid Crystal Displays
Market Insight, by Component
- Displays
- Batteries
- Transceivers
- Microprocessors
- Others
Market Insight, by Communication
- Radio Frequency
- Infrared
- Near-field Communication
- Others
Market Insight, by Display Size
- Less than 3 inches
- 3 to 7 inches
- 7 to 10 inches
- More than 10 inches
Market Insight, by End-User
- Retail
- Industrial
Market Insight, by Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Australia
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- SES-imagotag
- Pricer
- E Ink Holdings
- Displaydata
- M2Communication
- Samsung Display Solutions
- Diebold Nixdorf
- Opticon Sensors Europe
- Teraoka Seiko
- NZ Electronic Shelf Labelling LLC
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