The report “Global Electronic Shelf Label (ESL) Market by Manufacturers, Regions, Type and Application, Forecast to 2021” available at Market Intel Reports estimates that Increasing Infrastructure in developed countries To Provide Prominent Opportunities For Market
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The Electronic Shelf Label Market produces the electronic shelf label which is used to display products pricing on the shelves. The electronic shelf labelling uses electronic paper or liquefied crystal display for showing the product price to the customer. It uses wireless communication networks like radio, and infrared technology to communicate with the back end database.
The electronic shelf edge labels in the Electronic Shelf Label Market can help to update the product information like the price within the store. They can also show graphic imaging to the customers. The electronic shelf label system also enables incorporation of dynamic pricing in which the retailers can fluctuate the price to match the demand, inventory levels, and product promotions.
Scope & Regional Forecast of the Electronic Shelf Label Market
The Electronic Shelf Label Market growth is boosted by the demand from the retailers for cost efficient, fast, and secure price labelling. The customers concentrate on enhancing the customer experience for an accurate pricing which leads to the large scale adoption of the digital shelf labels in the retail industry. The market growth is further fueled by the rising demand for flexible and fast updating of the prices of the products.
The rising deployment of esl display in the retail shop stores is expected to supplement the growth of the Electronic Shelf Label Market. But high investment required for the installation of the electronic shelf label is expected to restrain the market. The problematic integration between the hardware and software of the electronic label technology is likely to reduce adoption of systems.
The increasing demand for operational efficiency in the retail industry has led to the presence of shelf label manufacturers in the Electronic Shelf Label Market.
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Segmentations & Key Players Involved in the Electronic Shelf Label Market
The Electronic Shelf Label Market can be broken down into various segmentations on the basis of –
- Type- Liquid Crystal Display (LCD) Displays, E papers Displays.
- Application- Grocery/Supermarket, Drug Stores, Specialty Stores, and Others.
- Region- North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), and Latin America, Middle and Africa.
Some of the key players involved in the Electronic Shelf Label Market are as follows:
- E Ink
- Opticon Sensors Europe B.V
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