Electronic Shelf Labels Market: By Product (LCD ESL, Segmented E-Paper ESL, Full Graphic E-Paper ESL), By Technology (RF, IR, NFC and Others), By Application (Industrial, Commercial) and Geography  

Electronic Shelf Labels Market size was valued at USD 825.1 million in 2021 and is expected to grow at a CAGR of 22.9% rate during the forecast period 2022 to 2028. The report provides a detailed overview of the global electronic shelf labels market, and that can be segmented by Product, by Technology, by Application. By product, the global electronic shelf labels market has been segmented into LCD ESL, Segmented E-Paper ESL, Full Graphic E-Paper ESL. The LCD ESL Electronic shelf labels segment is likely to be the largest and fastest-growing segment in terms of product. Based on technology, the global electronic shelf labels market is segmented into RF, IR, NFC and others. Among these, the RF segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application, the global electronic shelf labels market is segmented into Industrial, Commercial. The industrial segment accounts for the largest share in 2021. The commercial segment is the second-largest share during the forecast period 2022-2028.   Key Development: In July 2020, Pricer AB will act as the Canadian Tire Dealer Association's (CTDA's) sole supplier of electronic shelf label systems under the terms of a Master Framework Agreement agreed by Pricer AB and the CTDA. In accordance with the contract, Pricer's initial delivery will include the installation of ESL equipment in 38 locations around the country. In Feb 2020,  Hanshow Technology and Bison Schweiz AG, a Swiss company, signed a distribution agreement in order to collaborate on strengthening the German and Swiss markets, According to their agreement, the companies will work together to further digitization trends in the European retail industry by integrating top-tier ESL systems from Bison with world-class ESL solutions from Hanshow.