U.S. Electronic Shelf Label Market is expected to witness a high demand due to the early adoption of advanced technologies.
Sellbyville, United States - July 19, 2019 /MarketersMedia/ —
The revenue of electronic shelf label market is slated to cross industry valuation of USD 1 billion by 2024. The increase in investments and a rise in demand for retail automation & digitization are driving the electronic shelf label industry growth. The enhanced electronic labels offer several advents such as automatic product pricing updates, longer battery, and energy efficiency. Retailers deploy these labels to improve the customer connectivity and save labor costs for the maintenance of product pricing and upgrades at regular intervals. The growing implementation of these technologies offer improved operational scalability and latency These business features will fuel the overall ESL market.
Sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1136
RF technology platform in the ESL market is expected to dominate over the forecast period due to benefits such as ease of wireless connectivity including Bluetooth and NFC. These platforms enhance communication owing to the easy availability and the implementation of added integrational features. Reasonable prices associated with the deployment of these platforms account for the high utilization rates in the electronic shelf label market. The technology offers added security features over IR platforms.
The growing stringency about product pricing norms and regulations adopted by governments is driving several growth opportunities in the electronic shelf label market. These reforms ensure consumer protection against frauds and misleading information in developed countries. For instance, the government of India has designed a Consumer Protection Act that comprises the laws and regulations to protect individual consumers in common transactions. These regulations encourage retailers to deploy an efficient ESL to comply with the government norms & standards and ensure a better customer service.
Hypermarkets will witness the largest revenue share in the electronic shelf label market in the forecast timespan. This growth is attributed to the increased awareness of retailers and store owners regarding the automated technology benefits. This segment includes multispecialty stores that sell a variety of products ranging from grocery to electronic products and general merchandise. Hypermarkets reduce the involvement of employees in providing product information to customers and save the labor costs. Non-food retail stores have emerged as a major segment in the electronic shelf label market that includes electronics shops, jewelry stores, footwear shops, and apparel stores.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1136
The U.S. electronic shelf label market is expected to witness a high demand due to the early adoption of advanced technologies. Retailers in the country have high investment capabilities to integrate automated technologies and further earn profits from large customer bases. Supermarkets and large store chains majorly deploy ESL solutions to serve their large customer bases spread over the region.
Major players operating in the electronic shelf label market include Altierre Corporation, CEST, DisplayData, Advantech U.S., M2Communication, Solu M, Wincor Nixdorf, SES-imagotag, Pricer, LG Innotek, and E-Ink Corp. Several companies in the industry focus on developing efficient shelf management solutions to cater to the increasingly complex retail demands. They also undergo strategies such as collaborations and contracts with major customers to gain high-profit margins and attract new customer bases.
Browse key industry insights spread across 300 pages with 496 market data tables & 23 figures & charts from the report, “Electronic Shelf Label Market Size By Product (LCD ESL, Segmented E-Paper ESL, Full Graphic E-Paper ESL), By Technology (RF, IR, NFC), By Application (Industrial, Commercial [Hypermarket, Supermarket, Non-Food Retail]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electronic-shelf-label-esl-market
Table of Contents (ToC) of the report:
Chapter 2. Executive Summary
2.1. ESL industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
2.1.4. Technology trends
2.1.5. Application trends
Chapter 4. Electronic Shelf Label Market, By Product (Revenue, Shipments)
4.1. Key trends in ESL market by product
4.2. LCD ESL
4.2.1. Market estimates and forecast by region, 2013 – 2024
4.3. Segmented e-paper ESL
4.3.1. Market estimates and forecast by region, 2013 – 2024
4.4. Full graphic e-paper ESL
4.4.1. Market estimates and forecast by region, 2013 – 2024
Chapter 5. Electronic Shelf Label Market, By Technology (Revenue, Shipments)
5.1. Key trends in ESL market by technology
5.2. RF
5.2.1. Market estimates and forecast by region, 2013 – 2024
5.3. IR
5.3.1. Market estimates and forecast by region, 2013 – 2024
5.4. NFC
5.4.1. Market estimates and forecast by region, 2013 – 2024
5.5. Others
5.5.1. Market estimates and forecast by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/electronic-shelf-label-esl-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/electronic-shelf-label-esl-market
Source: MarketersMedia
Release ID: 88898809
