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Electronic Shelf Label Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Electronic Shelf Label Market: By Component (Hardware, Label Management Software and Services); Display Type (LCD, E-Paper and Full Graphic E-Paper); Communication (RF, IR and NFC); By Power (Battery Powered, Wireless Charge and Others); By Color (Monochrome and Multi-color); Display Size (1.5-3 Inches, 3-6 Inches, 6-12 Inches and More than 12 Inches); Store Type (Grocery / General Retail, Fashion & Apparel, Pharma Stores, Electronics, Hotels & Restaurants, Fuel Stations and Others (DIY, Automotive Dealerships)); Retail Format (Hypermarket, Supermarket, Specialty Store and Other Retail Stores); and Region)¬-Industry Dynamics, Market Size and Opportunity Forecast until 2031

  • Published Date: 16-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0622272
    Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2022US$ 1.13 Billion
Expected Revenue in 2031US$ 6.51 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR23.8% (2023-2031)
Segments coveredBy Component, By Display Type, By Communication, By Power, By Color, By Display Size, By Store Type, By Retail Format, By Region
Key Companies                                                                                 Acuity Brands Inc., Eaton, Wolfspeed, Dialight PLC, General Electric Company, Heliospectra AB, Hubbell Incorporated, Nichia Corporation, OSRAM GmbH, Panasonic Corporation, Phillips Lighting Holding B.V., Samsung, Savant Systems Inc., Sharp Corporation, Virtual Extension, Zumtobel Group AG, Other Prominent Players
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ESL is a wireless, paperless, accurate technique that allows retailers to instantaneously update price changes on the shelves and checkout stands of one or multiple stores.

The ESL process involves the use of a liquid crystal device that replaces paper shelf labels at the retailer’s shelf edge.

ESL management system helps store chains in strategic and dynamic price management as this system includes hardware like base stations, transceivers, and electronic shelf labels.

Estimated market size of the global electronic shelf label market was US$ 1.13 billion in 2022.

Europe held the major share in terms of revenue, in the global electronic shelf label market in 2022. 

Factors such as increasing demands for retail automation and increasing adoption of NFC technology drive the growth in the global electronic shelf label market.

High installation cost and supporting infrastructure expenditure and cheap labor costs in economically developing countries is a restraining factor that inhibits the growth of the market.

The label management software segment is expected to project the highest CAGR over the forecast period in the electronic shelf label market.

UK held the major share in the Europe electronic shelf label market in 2022. 

The increasing adoption of advanced technology creates a lucrative growth opportunity for the market. 

Component, display type, communication, power, color, display size, store type, retail format, and region are covered in the global electronic shelf label market.

NZ Electronic Shelf Labelling, Panasonic Corporation, NCR Corporation, M2Communication, Diebold Nixdorf, SES-imagotag, Pricer AB, E Ink Holdings, Displaydata, Samsung Electronics Co. Ltd, Opticon Sensors Europe BV, and Teraoka Seiko among others.