Global Electronic Shelf Label System market will reach 1570 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/24

Electronic Shelf Label, also known by the acronym ESL. It is the latest solution for inventory and price management in the retail sector, based on the use of advanced IT technology. ESL replaces conventional paper price tags attached to the shelves of supermarkets and department stores with, for example, LCDs and electronic paper (E-paper) that show information on product price, sales promotions, etc.

China’s Electronic Shelf Label (ESL) System industry is still an undeveloped market. China is a large population country, there are only few manufacturers which can produce the Electronic Shelf Label (ESL) System product. With the popularity of NFC Smartphone, more and more supermarket and retail stores choose the ESL, which is cost effective and more convenient.

The Electronic Shelf Label System market was valued at 620 Million US$ in 2018 and is projected to reach 1570 Million US$ by 2025, at a CAGR of 14.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electronic Shelf Label System.

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