The Electronic Shelf Label Global Market Report 2023, provides comprehensive information on the electronic shelf label market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company's comprehensive Electronic Shelf Label Global Market Report for 2023, the global electronic shelf label market is poised for substantial growth, projected to ascend from its 2022 valuation of $0.96 billion to an estimated $1.14 billion by the year 2023, representing an impressive compound annual growth rate (CAGR) of 18.1%. However, it is essential to recognize that this trajectory is not immune to external factors that may influence the market's progression.
The unsettling specter of the Russia-Ukraine war has cast its shadow over the global economic recovery efforts post the COVID-19 pandemic, particularly in the immediate term. This conflict has wrought economic sanctions on several nations, a noticeable upsurge in commodity prices, and significant disruptions in supply chains, culminating in inflationary pressures reverberating throughout the spectrum of goods and services, and reverberations that ripple through myriad global markets.
Looking ahead, the global electronic shelf label market is poised for further expansion, with an anticipated market size of $2.10 billion projected for the year 2027, showcasing a CAGR of 16.5%. This underscores the resilience and potential of the market, which appears poised for a robust and sustained growth trajectory, contingent on various influencing factors.
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One noteworthy trend in the electronic shelf label market is the growing prominence of product innovation. Companies within this industry are increasingly embracing innovative and sustainable solutions, such as the integration of perovskite photovoltaic cells in lieu of conventional batteries, to fortify their market standing. A compelling illustration of this innovative drive is Saule Technologies, a Poland-based enterprise specializing in flexible solar cells founded on perovskite technology. In November 2021, the company unveiled the world's first perovskite electronic shelf label, marked by its seamless integration of IT and hardware systems, and its utilization of cloud-based computational and analytical capabilities empowered by perovskite electronic shelf label (PESL)-enabled data transmitters.
The perovskite electronic shelf label distinguishes itself with a near-inexhaustible power source, obviating the need for costly and time-consuming battery replacements. This innovation is intrinsically energy-efficient and underscores a departure from traditional batteries, which are environmentally detrimental. By embracing such advancements, companies in the electronic shelf label market not only enhance operational efficiency but also contribute to a more sustainable and ecologically responsible future. This product innovation, rooted in perovskite technology, stands as a testament to the industry's commitment to progress and environmental stewardship.
The electronic shelf label market is segmented:
1) By Component: Displays, Batteries, Transceivers, Microprocessors
2) By Product Type: LCDs (Liquid-Crystal Display), Segmented E-peper Displays, Fully Graphic E-paper Displays
3) By Display Size: Less than 3 Inches, 3 to 7 Inches, 7 to 10 Inches, More than 10 Inches
4) By Communications Technology: Radio Frequency, Infrared, Near-field Communication, Other Technologies
5) By Application: Supermarket, Convenience Store, Departmental Store, Specialty Store, Pharmacies
North America was the largest region in the electronic shelf label market in 2022.
The table of contents in TBRC’s electronic shelf label market report includes:
1. Executive Summary
2. Electronic Shelf Label Market Characteristics
3. Electronic Shelf Label Market Trends And Strategies
4. Electronic Shelf Label Market - Macro Economic Scenario
5. Electronic Shelf Label Market Size And Growth.
.....
26. Africa Electronic Shelf Label Market
27. Electronic Shelf Label Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Shelf Label Market
29. Electronic Shelf Label Market Future Outlook and Potential Analysis
30. Appendix
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COVID-19 Impact Analysis on Electronic Shelf Label Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Electronic Shelf Label Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electronic-shelf-label-market/download-sampleMarket DynamicsThe market is mainly driven by changing lifestyles, growth of the retail sector resulted in higher demand for store automation systems, which gradually raised the demand for electronic shelf labels.
Apart from this, retailers are focusing on improving customer experiences for reliable and accurate pricing is expected to boost the market.
The increasing adoption of this system globally creates a new opportunity to grow in the upcoming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Electronic Shelf Label (ESL) Market is valued at USD 321.6 Billion in 2018 and expected to reach USD 936.7 Billion By 2025 with CAGR of 16.5% over the forecast period.Market Analysis of Electronic Shelf Label (ESL)-Electronic shelf label (ESL) is the electronic system used by the retailers to display the price of product and it uses infrared technology or radio frequency for the wireless communications.
These help in the elimination of discrepancy in the price or product information and also enhance the store operation efficiency by eliminating the constant checking and updating the paper labels.
ESL has also minimized the pricing errors and there is an increase in applications of ESL it can also be used in pharmacy store.Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/455*The sample pages of this report is immediately accessible on-demand.
Based upon store type, electronic shelf label (ESL) market is classified into Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores and Other.The regions covered in this Electronic Shelf Label (ESL) market report are North America, Europe, Asia-Pacific and Rest of the World.
There is an constant increase in the automation in the retail sectors which is expected to increase the operational efficiency of the retail store in the long run and reduces the human errors.
Moreover, technological advancement and stringent regulatory policies are against the misleading product prices which in turn fuel the growth of electronic shelf labeling market over the forecast period.
