The Global Electronic Shelf Labels Market Growth Accelerated By Automation

 

https://www.coherentmarketinsights.com/market-insight/electronic-shelf-labels-market-593
Electronic Shelf Labels Market 


Electronic shelf labels or ESLs are wireless digital displays placed on or near retail shelves to display product information and pricing. ESLs eliminate the need for printing paper tags and manually changing labels during price changes. This saves significant time for retailers in labeling activities and ensures accurate, up-to-date product pricing throughout the store at all times. ESLs also allow retailers to offer flexible pricing strategies and make it easy to clear out inventory through automated price modifications.

The global Electronic Shelf Labels Market is estimated to be valued at US$ 97.92 Mn  in 2023 and is expected to exhibit a CAGR of 10%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Automation has been a key driver boosting growth of the global electronic shelf labels market. Automated ESL systems allow retailers to change prices remotely without needing to manually print and replace paper labels throughout the store. This results in significant time and cost savings for retailers. Automated ESL solutions also enable flexible price adjustments based on factors like inventory levels, product sales, regional demand patterns and competitor prices. Full automation of pricing with ESLs has therefore accelerated their adoption among retailers aiming to streamline operations and maximize profitability through data-driven pricing strategies. Increased focus on automation technologies is expected to further fuel demand for ESLs over the forecast period.


Segment Analysis

The global electronic shelf labels market is segmented by component, display type, product type, end use and geography. By component type, the hardware segment dominates the market owing to the need for manual update of prices and product details. The hardware segment includes displays, batteries, transceivers, and microprocessors. By display type, the LCD ESLs segment holds the highest share as these are highly preferred owing to benefits such as easy visibility and reuse. By product type, the LCD ESLs segment holds the highest share as they provide benefits such as lesser power consumption and durability compared to other offerings. By end use, retail segment holds the major share of the electronic shelf labels market as it helps retailers to lower operational costs and enhance customer satisfaction.

Key Takeaways

The global Electronic Shelf Labels Market Demand is expected to witness high growth owing to modernization of retail stores. The global Electronic Shelf Labels Market is estimated to be valued at US$ 97.92 Mn  in 2023 and is expected to exhibit a CAGR of 10%  over the forecast period 2023 to 2030.

Regional analysis: North America dominates the electronic shelf labels market holding around 30% share. This is attributed to early adoption of modern technology in the retail sector across the region. Asia Pacific is expected to grow at the fastest pace during the forecast period due to the emergence of supermarkets and hypermarkets in countries such as India and China coupled with rising retail automation.

Key players: Key players operating in the electronic shelf labels market are Pricer AB, SES-imagotag, Samsung Electro-Mechanics, E Ink Holdings, Displaydata, M2COMM, Diebold Nixdorf and others. Pricer AB dominates the market owing to its wide geographical presence and strong product portfolio. SES-imagotag follows Pricer AB in terms of market share and offers extensive range of ESL solutions for retail stores.

Explore more related article on this topic: https://www.ukwebwire.com/electronic-shelf-labels-market-is-driven-by-growing-need-for-real-time/

 

Comments

Post a Comment

Popular posts from this blog

Foldable Container House Market Is Anticipated To Witness High Growth Owing To Increasing Demand For Temporary Housing And Cost-Effective Construction

Image
Foldable Container House Market  Foldable container houses are prefabricated structures made using shipping containers that can be assembled on site without needing permanent foundation or installation. The growing demand for temporary housing from construction workers, refugees, students and for disaster relief is driving the adoption of foldable container houses. The container houses provide a cost-effective and durable solution for temporary housing needs. They can be easily transported, constructed and deconstructed as per requirements. Some key advantages of container houses include their modular design enabling flexible floor plans, strong and durable construction using recycled corrosion-resistant steel containers, reusable design providing sustainability and reduced construction waste. The Global Foldable Container House Market is estimated to be valued at US$ 9.8 Bn  in 2024 and is expected to exhibit a CAGR of 8.1 % over the forecast period 2024 to 2030. Key Take...
Read more

Virtual Reality in Gaming Market Size, Partake Trend, Reports Analysis

Image
Virtual Reality in Gaming Market  Virtual Reality in Gaming Market brings the field of conventional videotape games into the real world. It allows druggies to connect with virtual characters and completely immerse themselves in a terrain that's 3D. Virtual reality (VR) gaming was developed via AI for the nonstop exchange of data and continual advancements in communication between humans and computers. The work demanded for creating an ideal virtual reality videotape game experience is delicate yet satisfying. For processing and executing data vestments, respectable VR software is also needed in addition to accurate VR tackle functioning. VR request Expansion The worldwide request for Virtual Reality In Gaming Market videotape games has been projected at USD11.56 billion in 2019 and is anticipated to increase at a CAGR of 30.2 from 2020 to 2027. The capability to immerse players in their defenses in real-time given by Virtual Reality has bettered the gaming experience. The request ...
Read more

Global Omega 3 Ingredients Market Growth, Trends, and Forecasts (2022 - 2027)

Image
  Omega 3 Ingredients Market Growing consumer interest in the health benefits of various supplements has increased demand for omega 3 ingredients, which are classified as essential fatty acids. Organic compounds derived from plants and the sea are used to make Omega 3 supplements. Walnuts, flaxseeds, vegetable oils, flaxseeds, chia seeds, and other omega 3 plant sources The global Omega 3 Ingredients Market was valued at US$ 3.83 billion in 2016 and is expected to expand at a CAGR of 15% in terms of revenue during 2017 – 2027 ALA (alpha-linolenic acid), EPA (eicosapentaenoic acid), and DHA are the three main omega 3 ingredients used for supplementing the essential fatty acids required for healthy growth and metabolism (docosahexaenoic acid). The demand for Omega 3 ingredients has been primarily driven by the demand for brain health and nutraceutical products for children. Although Omega 3 ingredients are not age-restricted, it is widely consumed by working adults to improve me...
Read more