Electronic Shelf Labels Market Trending Technology
Posted by avinash on February 24th, 2020
Electronic shelf label market predominantly caters to retail store businesses to provide electronic product displays instead of paper tags and labels. Electronic shelf labels have advantages such as high durability, long life cycles, replaceable batteries, and can be updated from time to time with minimum manual effort. ESL systems include displays, bi-directional communication systems, central control system, and software to support store-wide management and implementation of ESLs.
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Electronic shelf labels (ESL) are small display units utilized for displaying price, particularly in retail stores that include food, electronics, do it yourself (DIY) kits, gardening equipment, cosmetics, and in drugstores, and industrial applications. Electronic Shelf Labels (ESL) allows retailers to update the content wirelessly on shelving signage quickly and efficiently, without requirement of print paper tags and organize store representatives to change them manually.
Stringent regulations against misleading product prices, specifically in North America and Europe, have led to an increase in demand for ESL products
Stringent regulations such as European communities (requirements to indicate product prices) Regulations S.I. No. 639 of 2002, are in place to protect consumers from misleading product prices. These directives have defined guidelines for licensed premises, cafes, restaurants, hotels, etc. and state the requirement for marked prices, or the display on shelves to be considered inclusive of all cost factors
High cost of installation and supporting infrastructure for ESL is expected to be a major factor hindering the market growth
The retailers need large volumes of ESL for their stores and the initial investment for installing cost of ESL for a store could be marginally high. Therefore, the adoption rate of ESL for small retailers is very low. This is the major factor restraining the growth of electronic shelf label market.
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Global Electronic Shelf Label Market: Key Players
Major players operating in the global electronic shelf label market include SES-Imagotag, Pricer AB, Displaydata, Opticon Sensors Europe B.V, Samsung Electro-Mechanics, NZ Electronic Shelf Labelling, M2Communication, Diebold Nixdorf, Altierre, Teraoka Seiko, Advantech US, E Ink, Toshiba Global Commerce Solutions, Wuxi Wei Feng Technology, and Cicor.
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About the Authoravinash
Joined: February 19th, 2020
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