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

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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
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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
  timeframe.
• 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
  2024.

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Continued...

• 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.

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

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Continued...

• 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.

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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
  size.
• 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
  products.

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