Electronic Shelf Label (ESL) Market Report by Upcoming Trends, Demand, Regional Analysis and Forecast to 2026
Category: #technology  By Rahul Varpe  Date: 2021-10-14
  • share
  • Twitter
  • Facebook
  • LinkedIn
Electronic Shelf Label (ESL) Market Report by Upcoming Trends, Demand, Regional Analysis and Forecast to 2026

With rapid retail automation, electronic shelf label (ESL) market could observe heavy demand in the forthcoming years. In addition, these labels help in expanding customer base with innovative marketing campaigns and displaying attractive pricing, further increasing customer engagement across retail outlets. ESLs can potentially improve the overall operational flow in supermarkets, hypermarkets and industries by offering centralized control of the entire system.

The electronic shelf label (ESL) market is projected to gather noteworthy gains owing to its ability to offer improved operational efficiencies. These devices are mainly used in the retail sector that is increasingly edging towards automation.

Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1136   

The electronic shelf label (ESL) market could hit USD 2 billion by 2026.

As of now, the electronic shelf label (ESL) market is still in its developmental stage across numerous commercial stores and small-scale industries, as they are refraining from implementing these devices because of budgetary constraints. But as economic conditions improve and more people gain awareness about the benefits of the latest technologies, the ESL market could witness healthy growth over the coming years.

Taking October 2019 for instance, Hanshow Technology and Auchan Retail extended their strategic relationship to develop advanced connected labeling systems to implement the solution across five million items present in seven nations. Factors like enhanced omnichannel experience and accurate pricing could play a key role in stimulating the demand for ESLs in commercial facilities.

Based on applications, the electronic shelf label (ESL) market is divided into commercial and industrial sectors. Out of these, the commercial sector is estimated to see healthy growth over the predicted timeframe. Several supermarkets nowadays are concentrating on digitizing their entire infrastructure by integrating the benefits of traditional brick & mortar stores with online shopping.

Generally, the product’s low-power consumption results in improved profitability, hence strengthening e-paper ESL demand. Firms like E Ink Corporation provide segmented displays that are rugged and thin, making them ideal for routine use. Meanwhile, ADKOM Elektronik GmbH delivers segment e-papers as customized services. Reflective technology, which is usually used in these, make ESLs readable.

Request for customization @ https://www.decresearch.com/roc/1136  

In terms of product, the electronic shelf label (ESL) market is bifurcated into full graphic e-paper ESL, LCD ESL, and e-paper ESL. Among these, the e-paper ESL market segment is expected to attain a prominent market share over the predicted timeframe on account of its energy efficiency features.

Middle East & Africa is a promising avenue for the electronic shelf label (ESL) market, even though it is still in the nascent stage. The region has a rich presence of rapidly developing retail sector especially in Saudi Arabia and the UAE. Proliferating population base coupled with supportive federal initiatives to promote the growth of retail sector could massively enhance the growth prospects of the ESL market in MEA.

Related News: -

Asia Pacific Mobile Wallet Market: https://www.globenewswire.com/news-release/2019/05/12/1822173/0/en/Asia-Pacific-Mobile-Wallet-Market-to-hit-140bn-by-2024-Global-Market-Insights-Inc.html

Wearable AI Market: https://www.globenewswire.com/news-release/2019/04/22/1807170/0/en/Wearable-AI-Market-to-surpass-180bn-by-2025-Global-Market-Insights-Inc.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
By Rahul Varpe

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manu...

Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
By Rahul Varpe

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw ...

Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
By Rahul Varpe

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further pro...