Global ESL Market share forecast to grow at over 18% CAGR from 2016 to 2024 - PowerPoint PPT Presentation

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Global ESL Market share forecast to grow at over 18% CAGR from 2016 to 2024


More Information @ Rising demand for automation in the retail sector and the replacement of conventional paper tags is driving the global electronic shelf label market size. The capability to facilitate dynamic product allocation, and high return on investment are forecast to provide stable growth prospects over the forecast timeline. – PowerPoint PPT presentation

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Title: Global ESL Market share forecast to grow at over 18% CAGR from 2016 to 2024

Global Electronic Shelf Label Market share worth
over 1.25bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Electronic Shelf Label Market
  • Regulatory norms for the protection of consumer
    rights against misleading product pricing will
    drive the electronic shelf label market size.
    Additional feature integration such as NFC,
    geo-mapping, smart flash, wireless communication
    systems and inventory management is likely to
    contribute to profitability over the forecast
  • Next generation electronic shelf labels are
    feature several advanced features such as
    real-time bi-directional responsive systems, long
    battery life, merchandising accessories, and
    indoor mapping and navigation systems to provide
    enhanced operational scalability, latency,
    robustness, speed, and security for the users.
    These features are expected to fuel the overall
    ESL market share through the coming years.
  • Indirect factors, such as optimized pricing
    errors, better price visibility, customer
    satisfaction, promotional capabilities, and the
    ability to optimize margins greatly influence the
    return on investments (ROI). High ROI in short
    spans and rising demands for automated retail
    technologies is anticipated to propel the
    electronic shelf label market size from 2016 to

  • Regulatory mandates for recovery, collection, and
    recycling of used products due to rising
    environmental concerns will challenge the
    industry demand. Waste Electrical and Electronic
    Equipment (WEEE), Restriction of hazardous
    substances (ROHS), and Battery Act 1996 are some
    of the regulatory compliances.
  • High initial investments, low labor wages in
    emerging economies and lack of availability of
    skilled workforce will hamper the electronic
    shelf label market share over the forecast
    timeline. An Ohio-based RD company developed a
    battery-less electronic shelving system on
    account of rising need for low power consumption.
    Technology development and innovation measures
    are likely to present potential growth
    opportunities for the electronic shelf label
    market size from 2016 to 2024.
  • Segmented e-paper ESL demand will be impacted by
    inherent limitations of aesthetics, limited color
    displays and low degree of consumer attraction.
    This is forecast to be the offset by the
    favorable electronic shelf label market price
    trend for this display technology.

Europe Electronic Shelf Label Market size, by
product, 2012-2024 (USD Million)


Browse Full Market Research Report On Electronic
Shelf Label Market_at_ http//
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  • RF communication platform demand was over USD 100
    million in 2015 and will witness significant
    gains owing to easy availability and utilization
    for additional feature integrations. IR
    communication platform accounted for over 40 of
    the electronic shelf label market share in 2015.
  • Non-food retail stores include electronic
    appliances, apparel, jewelry, cosmetics,
    footwear, sportswear, toys, books, and home
    furnishings. The segment is expected to exceed
    USD 200 million by 2024. This can be credited to
    rising adoption in large small, and multi chain
    single stores to provide a variety of products.
  • Asia Pacific electronic shelf label market share
    is expected to present highest growth potential
    over the forecast timeframe owing to economical
    costs, huge untapped consumer base and large
    number of startups surfacing across the region.
    U.S. electronic shelf label market size is
    estimated to register high gains at around 18
    CAGR, due to the significant retail industry in
    the region.

360 Analysis
  • Application Trends
  • Hypermarkets occupied over 45 of the overall ESL
    market share in 2015 owing to high inclination
    towards automated equipment and products. The
    segment consists of extensive retail facilities
    that sells wide range of products under one roof
    including full grocery lines and general
    merchandize. Supermarkets are estimated to
    account for 30 of the electronic shelf label
    market size by 2024 and register considerable
    gains over the forecast timeline. Non-food retail
    stores and specialty stores will also exhibit
    high growth.
  • Regional Trends
  • Stringent government norms for the protection of
    consumers against misleading product prices will
    favor the industry growth. S.I. No. 639 of 2002
    European Communities (Requirements to Indicate
    Product Prices) Regulations has defined rules for
    licensed premises, restaurants, cafes, hotels,
    etc. in Europe. These rules state the obligation
    for display of prices to be marked or displayed
    on shelves to be inclusive of all the factors.
    Similar directives in several other regions are
    likely to favor the electronic shelf label market
  • Competitive Market Share
  • SES Imagotag and Pricer AB are the key players in
    the electronic shelf label market. Other industry
    participants include E Ink Corp., LG Innotek,
    Wincor Nixdorf, Displaydata, M2Communication,
    Altierre, CEST, and SoluM. Industry participants
    focus on collaborations and partnerships, and
    invest significantly in RD to introduce new

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