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The Global Electronic Shelf Labels Market Growth Accelerated By Technological Advancements

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Ashish Thapa
The Global Electronic Shelf Labels Market Growth Accelerated By Technological Advancements

Electronic shelf labels (ESLs) offer convenience by reducing time and labor for updating product pricing and promotions. ESLs deliver rich content and product information through color displays while improving inventory management through real-time updates. Advancements in display technology, low power consumption, and wireless communication enhances the overall customer experience in 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 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends

Technological advancements have significantly accelerated growth of the electronic shelf labels market. Introduction of electronic paper displays has enhanced the durability and visual quality of ESLs. These displays replicate printed paper and consume very low power while offering sharp contrast. Integration of technologies such as RFID, NFC and beacons has enabled real-time tracking of inventory levels and automating price updates. Advancements in communication protocols and integration of Wi-Fi, Bluetooth and ZigBee has simplified connectivity of ESL systems. Implementation of Internet of Things (IoT) capabilities allows remote monitoring and management of ESL infrastructure. Such innovations are expected to drive wider adoption of electronic shelf labels systems across various retail segments.



Segment Analysis


The global electronic shelf labels market is segmented into communication type, shelf edge type, product type, end user and region. The segmented communication type sub segment includes wired and wireless. Wireless ESL is dominating the market and growing faster due to cost and mobility benefits.


Key Takeaways


The global Electronic Shelf Labels Market Growth is expected to witness high growth. The Asia Pacific region is projected to dominate the market during the forecast period. Factors such as increasing adoption of organised retailing and growth in e-commerce sector are driving the market in the region.


Regional analysis

The Asia Pacific region holds the largest share in the electronic shelf labels market and is expected to grow at a highest CAGR during the forecast period. Countries such as China, Japan and India are adopting ESL at a rapid pace due to modernizing retail infrastructure and rising number of supermarkets and hypermarkets.


Key players

Key players operating in the Electronic Shelf Labels market are DuPont Nutrition (International Flavors & Fragrances Inc.), BIOPROX, Biena Inc., Chr. Hansen Holding A/S, Meteoric Biopharmaceuticals Pvt. Ltd., Nestlé, Lallemand Inc., and Fido Pharma Pvt. Ltd.


Read More: https://www.ukwebwire.com/electronic-shelf-labels-drive-growth-in-retail-automation/



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