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Dublin, Jan. 25, 2021 (GLOBE NEWSWIRE) -- The "Electronic Shelf Label Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Components; Product Type; Store Type; Communication Technology; and Geography" report has been added to ResearchAndMarkets.com's offering. Hypermarkets Segment Support Electronic Shelf Label Market Growth During 2020-2027.The market was valued at US$ 464.7 million in 2019 and is projected to reach US$ 1577.6 million by 2027; it is expected to grow at a CAGR of 16.9% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players with their developments in the market.Retailers use the electronic shelf label system for displaying product pricing on shelves. This system has benefits such as product pricing are automatically updated whenever a price is changed from a central control server. Hence its gaining popularity and boosting the need for the electronic shelf label market. The rising number of the supermarket, specialty store, and hypermarket are raising demand for the electronic shelf label market. The US, China, Germany, France, and Japan are five major countries contributing to the highest revenue share in the electronic shelf label market.Some of the factors stimulating the market for electronic shelf labels include an increasing number of supermarkets, malls, stores, and others, reducing labor availability, and trending retail automation demands. However, high charges of installation and supporting infrastructure needed for the system is a key challenge that is restraining the growth of the electronic shelf label market. As the system has a low maintenance cost, the retail industry has proved the system effectively beneficial for retailers, which creates a big opportunity for the market player of the electronic shelf label system market. Also, integration of Industry 4.0 and the emergence of advanced technologies for ESL, such as battery-free solutions and ePaper with multicolor, are anticipated to be positive for the electronic shelf label market.LabelNest, Diebold Nixdorf Incorporated, Displaydata Limited, E Ink Holdings Inc. M2Communication, NZ Electronic Shelf Labelling, Opticon Sensors Europe BV, Pricer, Samsung Electro-Mechanics, Ses-Imagotag, and Teraoka Seiko are among the key players operating in the electronic shelf label market.Impact of COVID-19 Pandemic on North America Electronic Shelf Label MarketNorth America has the highest adoption and growth rate of new technologies owing to favourable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on industries is expected to affect the economic growth of the region in a negative manner. At present, the US is the world's worst affected country due to COVID-19 outbreak; thereby, influencing the high adoption of online shopping across the country.It is becoming apparent with the COVID-19 pandemic spreading across the US that few can escape its scope, presenting significant challenges to all industries. The close down of all retail outlets by the government authorities coupled with the social distancing norms laid down by them is affecting the investments by retail outlets. For instance, the sales of online grocery segment across the US, recorded an increase by 210.1% due to the pandemic. Thus, the above-mentioned factors are adversely affecting the electronic shelf label market over the years. Key Topics Covered: 1. Introduction2. Key Takeaways3. Research Methodology4. Electronic Shelf Label Market Landscape4.1 Market Overview4.2 PEST Analysis4.3 Ecosystem Analysis4.4 Expert Opinions5. Electronic Shelf Label Market - Key Market Dynamics5.1 Key Market Drivers5.1.1 Rapid adoption of game-changing technologies across the retail - value chain5.1.2 Upsurge in the use of IoT within retail industry5.2 Key Market Restraints5.2.1 High Capital Expenditure Value5.3 Key Market Opportunities5.3.1 Integration of Industry 4.0 for automation and smart management5.4 Future Trend5.4.1 Emergence of battery-free solutions5.5 Impact Analysis of Drivers and Restraints6. Electronic Shelf Label Market - Global Market Analysis6.1 Global Electronic Shelf Label Market Overview6.2 Global Electronic Shelf Label Market Forecast and Analysis6.3 Market Positioning - Top Five Players7. Electronic Shelf Label Market Analysis - By Component7.1 Overview7.2 Electronic Shelf Label Market Breakdown, By Component, 2019 & 20277.3 Display7.4 Battery7.5 Transceiver7.6 Microprocessor8. Electronic Shelf Label Market Analysis - By Product Type8.1 Overview8.2 Electronic Shelf Label Market Breakdown, By Product Type, 2019 & 20278.3 LCD ESL8.4 E-paper based ESL9. Electronic Shelf Label Market Analysis - By Store Type9.1 Overview9.2 Electronic Shelf Label Market Breakdown, By Store Type, 2019 & 20279.3 Hypermarkets9.4 Supermarkets9.5 Non-Food Retail Stores9.6 Specialty Stores10. Electronic Shelf Label Market Analysis - By Communication Technology10.1 Overview10.2 Electronic Shelf Label Market Breakdown, By Communication Technology, 2019 & 202710.3 Radio Frequency10.4 Infrared10.5 Near Field Communication11. Global Electronic Shelf Label Market - Geographic Analysis12. Impact of COVID-19 Pandemic on Electronic Shelf Label Market12.1 Overview12.2 Impact Assessment of COVID-19 Pandemic13. Industry Landscape13.1 Market Initiative13.2 New Development14. Electronic Shelf Label Market - Company Profiles Altierre CorporationDiebold Nixdorf IncorporatedDisplaydata LimitedE Ink Holdings IncM2CommunicationNZ Electronic Shelf LabellingOpticon Sensors Europe BVPricerSamsung Electro-MechanicsSes-ImagotagTeraoka Seiko For more information about this report visit https://www.researchandmarkets.com/r/adlgdh Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900