Shelf Labeling 101: How Much Do Electronic Price Tags Cost?

1
Shelf Labeling 101 How Much Do Electronic Price
Tags Cost?

• By 2027, the Global Electronic Shelf Label Market
  is expected to reach 3.14 Billion.

2
How Much Do Electronic Price Tags Cost?

• The average price of an electronic price tag
  ranges from 6-10.
• However, it will still depend on your retail
  store's size and the number of items sold. In a
  1,000 square meter retail store, the number of
  single items is commonly around 10,000, which
  means your retail store requires 10,000
  electronic price tags.
• Today, these are the most commonly used
  electronic price tags sizes in the market
• 1.54 inches
• 2.13 inches
• 2.19 inches
• 4.2 inches
• At a price range of 6-10 each, 10,000
  electronic shelf labels will be 60,000 to
  100,000.

3
Why Are Electronic Price Tags in Demand?

• By 2027, the Global Electronic Shelf Label Market
  is expected to reach 3.14 Billion. The demand
  for Electronic Shelf Labels (ESL) continues to
  escalate for exhibiting product prices in a
  modern waythey employ e-ink display and a
  centralized pricing system to present product
  prices to consumers. It's also worth noting that
  ESLs allow for dynamic pricing to set flexible
  prices based on current market demands. Other
  benefits of using electronic shelf tags include
  cost-efficiency, fast update speed, and price
  labeling security.
• As emphasized by retailers, the drive for
  electronic price tag's demand is mainly because
  of the benefit of better customer experiences
  about precise and consistent pricing. The shift
  in lifestyle and the growth of the organized
  retail sector in emerging nations are also
  contributing factors and the development of the
  internet in different countries.

4
Gateway and ESL Management Software

• In addition to electronic shelf tags, the price
  tag system requires the gateway and the
  management software. The gateway connects the
  electronic price tag to the management software
  and does the uploading and releasing.
• A gateway costs about 300-400 and can update
  about 1,000-3,000 price tags. A 1,000 square
  meter retail store requires three to four
  gateways, which means the gateway's overall cost
  will be around 1,200.
• As for the ESL management software, the fee will
  depend on the company. However, its general fee
  is about 500, which often includes the
  maintenance fee. If summed up, a retail company
  that wants to apply 10,000 electronic price tags
  on its shelves will need about 61,700 to
  102,100, with an ROI of about 1 and a half year.
  

5
SOLUMs Electronic Shelf Tags

• SOLUM ESL offers electronic shelf tags that are
  now backed-up by the all-new Newton system that
  enables more features than any other tags
• Ten years of battery life
• Faster update speed 8-10 times more quickly!
• Display more information up to 7 pages!
• 7 LED colors
• Two programmable buttons
• NFC capability
• IP67
• Customizable design

6

• If you want to switch to electronic shelf tags,
  our ESL experts are always available to discuss
  with you the capabilities of our products and
  services.
• Contact us today to know how our ESL solutions
  can cater to your business' needs.