{"id":539287,"date":"2021-04-19T18:08:01","date_gmt":"2021-04-19T18:08:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=539287"},"modified":"2021-04-19T18:08:01","modified_gmt":"2021-04-19T18:08:01","slug":"electronic-shelf-label-esl-market-projected-to-grow-at-a-cagr-of-238-and-is-expected-to-reach-usd-usd-314-billion-by-2027-pricer-displaydata-samsung-electromechanics-etc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/electronic-shelf-label-esl-market-projected-to-grow-at-a-cagr-of-238-and-is-expected-to-reach-usd-usd-314-billion-by-2027-pricer-displaydata-samsung-electromechanics-etc_539287.html","title":{"rendered":"Electronic Shelf Label (ESL) Market projected to grow at a CAGR of 23.8% and is expected to reach USD USD 3.14 Billion by 2027 | Pricer, Displaydata, Samsung Electro-Mechanics, etc"},"content":{"rendered":"
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Electronic Shelf Label (ESL) Market<\/div>\n<\/div>\n<\/div>\n
Electronic Shelf Label (ESL) Market Size \u2013 USD 587.6 Million in 2019, Market Growth – CAGR of 23.8%, Market Trends \u2013 Growing technological advancements in retail automation<\/div>\n

The global Electronic Shelf Label Market<\/a><\/strong> is expected to reach USD 3.14 Billion by 2027, according to a new report by Reports and Data. Electronic shelf labels (ESLs) are observing an escalation in demand for their use in exhibiting product prices in retail stores. These are generally affixed to retail shelves’ front edge and employs LCD or E Ink™ displays and centralized pricing system (to align and coordinate fluctuations in pricing across different levels) to present the current product prices to the customers. Further, ESLs allow for dynamic pricing that adapts to several factors such as an increase in price to consider low inventory; or drop in price to get a competitive edge or allow for the rapid sale of items that are approaching their expiration date.<\/p>\n

The growth of the organized retail sector in emerging nations is one of the significant factors influencing the market growth, owing to robust macroeconomic factors, as well as the proliferation of the internet in countries like India and China. Shifting lifestyle and growing organized retail sector are causative of the growing necessity for in-store automation, thereby driving the electronic shelf labels’ demand. The other benefits of using an electronic shelf label are it is cost-efficient, fast, and secures the price labeling. Moreover, growing emphasis by the retailers for providing better customer experiences about precise and consistent pricing is boosting the market demand. For instance, according to a study, increasing internet penetration in India, along with several global retail firms commencing their operation in the country, the organized retail market share is estimated to surge from nearly 12.0% in the year 2017 to around 22.0% to 25.0% by the year 2021.<\/p>\n

COVID-19 Impact<\/strong><\/p>\n

The COVID-19 pandemic is having a significant impact on the electronic shelf label industry. Demand for the product is suffering severe shocks across the retail sector, worldwide supply chains are upset, and the competitive order of manufacturers\/producers has witnessed a change. A dip in sales in the physical retail stores has fast-tracked the global ESL suppliers into an oversupply situation. Movement restrictions appear to be a direct and immediate effect, and once the necessary social distancing ends, it is expected things would get back to normal conditions.<\/p>\n

Get a sample of the report @ https:\/\/www.reportsanddata.com\/sample-enquiry-form\/1104<\/a><\/strong><\/p>\n

 <\/strong>Further key findings from the report suggest<\/strong><\/p>\n