The Asia Pacific Electronic Shelf Label Market is expected to grow from US$ 117.1 million in 2019 to US$ 498.4 million by 2027; it is estimated to grow at a CAGR of 20.3 % from 2020 to 2027. The APAC electronic shelf label market is expected to grow from US$ 117.1 million in 2019 to US$ 498.4 million by 2027; it is estimated to grow at a CAGR of 20.3 % from 2020 to 2027. The rise in adoption of game-changing technologies across the retail – value chain is expected to upsurge the APAC electronic shelf label market. Technology is projected to be the key driver of this industry transformation. The success of the industry participants highly depends upon the relentless focus on the application of various technologies for enhancement of the value-added services to consumers. Advanced technologies have played a critical role in the transformation of retail
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 APAC electronic shelf label market. The rising number of the supermarket, specialty store, and hypermarket are raising demand for the APAC electronic shelf label market. Retail in Asian economies is booming at an exponential rate.
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Major Key Players Covered in this Report:3M Henkel AG & COMPANY, KGAA Hönle AG B. Fuller Company Permabond LLC, Inc
The Asia Pacific Electronic Shelf Label Market research report additionally takes into light the summation of the market incorporates orders, definition, and applications. Further, it contains a comprehensive investigation of various angles, for example, openings, limitations, drivers, challenges and danger, and major miniature business sectors. Furthermore, the report isolates the Asia Pacific Electronic Shelf Label market dependent on a few portions and sub-fragments alongside the past, current, and conceivable conjecture development patterns for each section and sub-sections shrouded in the report.
APAC Electronic Shelf Label Market Segmentation
APAC Electronic Shelf Label Market – By ComponentsDisplays Batteries Transceivers Microprocessors Others
APAC Electronic Shelf Label Market – By Product TypeLCD ESL E-Paper based ESL
APAC Electronic Shelf Label Market – By Store TypeHypermarkets Supermarkets Non-Food Retail Stores Specialty Stores Others
APAC Electronic Shelf Label Market – By Communication TechnologyRadio Frequency Infrared Near Field Communication Others
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In addition, the significant market districts are additionally giving a top to bottom appraisal of their development, openings, key turns of events and procedures, and the key examples affecting the development of the Asia Pacific Electronic Shelf Label market. Key Regions contain North America, Latin America, Europe, Asia-Pacific, the Middle East and Africa. North America and Europe are foreseen to develop throughout the following not many years.
In the Asia Pacific Electronic Shelf Label market, the Asia-Pacific locale is foreseen to grow altogether during the estimate time frame. The most progressive developments and innovations are the essential parts of North America and the primary explanation the United States overwhelms the market. The South American market is likewise predicted to increment in the blink of an eye.
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