Electronic Shelf Label (ESL) Market, Global Outlook and Forecast 2023-2029

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.
ESL takes advantage of Zigbee, a low-power wireless communication technology, to keep product prices updated in real time. ESL consists of an e-paper equipped tag and gateway which delivers product information. The central server transmits information of each product to the gateway, which in turn sends such information to thousands of tags at the same time.
An electronic shelf label includes a transceiver configured to communicate with a plurality of wireless data tags associated with a plurality of retail products.
This report aims to provide a comprehensive presentation of the global market for Electronic Shelf Label (ESL), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Shelf Label (ESL). This report contains market size and forecasts of Electronic Shelf Label (ESL) in global, including the following market information:
Global Electronic Shelf Label (ESL) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Electronic Shelf Label (ESL) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Electronic Shelf Label (ESL) companies in 2022 (%)
The global Electronic Shelf Label (ESL) market was valued at US$ 1011.5 million in 2022 and is projected to reach US$ 2511.8 million by 2029, at a CAGR of 13.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Electronic Shelf Label (ESL) key players include BOE (SES-imagotag), Pricer, SoluM, E Ink, etc. Global top four manufacturers hold a share over 65%.
Europe is the largest market, with a share about 55%, followed by Asia-Pacific and North America, both have a share about 40 percent. 
In terms of product, E papers Displays is the largest segment, with a share over 80%. And in terms of application, the largest application is Department Stores/Mass Merchandise, followed by Grocery/Supermarket, Drug Stores, etc.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electronic Shelf Label (ESL) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electronic Shelf Label (ESL) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electronic Shelf Label (ESL) Market Segment Percentages, by Type, 2022 (%)
    Liquid Crystal Display (LCD) Displays
    E-Paper Displays
Global Electronic Shelf Label (ESL) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electronic Shelf Label (ESL) Market Segment Percentages, by Application, 2022 (%)
    Department Stores/Mass Merchandise
    Grocery/Supermarket
    Drug Stores
    Specialty Stores
    Others
Global Electronic Shelf Label (ESL) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electronic Shelf Label (ESL) Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electronic Shelf Label (ESL) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Electronic Shelf Label (ESL) revenues share in global market, 2022 (%)
Key companies Electronic Shelf Label (ESL) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Electronic Shelf Label (ESL) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    BOE (SES-imagotag)
    Pricer
    SoluM
    E Ink
    Displaydata
    Opticon Sensors Europe B.V
    DIGI
    Hanshow
    LG innotek
    Panasonic
    Altierre
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electronic Shelf Label (ESL), market overview.
Chapter 2: Global Electronic Shelf Label (ESL) market size in revenue and volume.
Chapter 3: Detailed analysis of Electronic Shelf Label (ESL) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electronic Shelf Label (ESL) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Electronic Shelf Label (ESL) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.