Europe Electronic Shelf Label Market Forecast to 2030

According to the Research Team research, the Europe electronic shelf label market was valued at US$ 634.85 million in 2022 and is expected to reach US$ 2,469.72 million by 2030, registering a CAGR of 18.5% from 2022 to 2030. Rapid adoption of game-changing technologies across retail-value chain, growth in supermarket/hypermarkets, and rise in strategic initiatives by market stakeholders are among the critical factors attributed to the Europe electronic shelf label market expansion.

Automation in the retail industry has benefitted retailers on a large scale by reducing human errors. In addition, the retail sector across the world is continuously growing. For example, in October 2023, the retail trade volume increased in Spain (+5.9%), Denmark (+4.2%), Bulgaria (+3.1%), and Luxembourg (+3.1%). Also, the British Retail Consortium reports that the UK’s total retail sales rose 3.6% in 2023 compared to 2022. During the year, there was an 8.1% growth in food and a 0.1% reduction in non-food. December saw a 1.7% increase in total retail sales in the UK, compared to a 6.9% growth in December 2022.

The retail industry is increasingly emphasizing reducing total operational costs by removing manual operations in stores associated with stock, changing prices, and more. Therefore, the demand for automation solutions throughout the retail industry is rising. Furthermore, the concept of automation also includes the utilization of ESLs in retail stores with an aim to eliminate the maximum manual tasks, which will help in lowering overheads. The market players in the electronic shelf label (ESL) market are engaging in various organic and inorganic growth strategies to cater to the growing demand for retail products. This further drives the electronic shelf label (ESL) market growth. A few of the growth strategies are mentioned as, In January 2023, Ynvisible Interactive Inc. launched a large-format electronic shelf label display for grocery store retailers. In May 2023, Pricer & Strongpoint unveiled electronic shelf labels that can display graphics in yellow, red, black, and white. The use of high-resolution graphics and vibrant colors attracts more customers and increases store sales. In November 2021, Saule Technologies launched its new electronic price and advertising labels powered by perovskite photovoltaic cells. This technology allows the operator to operate the message displayed on the label several times a day if needed. In February 2023, Qualcomm Technologies Inc. announced the collaboration with SES-image tag to develop technology that allows new electronic shelf labels (ESLs) based on the ESL wireless standards from the Bluetooth Special Interest Group (SIG). They collaborated to develop scalable, highly secure, and ultra-low power ESLs to help retailers enhance operational efficiencies and customers’ experiences and empower their employees. In January 2023, the SES-imago tag group announced the acquisition of French company In The Memory (“Memory”) to enhance the efficiency of processing and analyzing large quantities of data originating from different sources. This development will enhance the capabilities of ESL solutions offered by SES-imago tag group. Thus, such strategic initiatives by market players drives the electronic shelf label (ESL) market growth.

On the contrary, disadvantages of ESL hamper the Europe electronic shelf label market.

Based on component, the Europe electronic shelf label market is bifurcated into hardware and software & services. The hardware segment held 73.6% share of Europe electronic shelf label market in 2022, amassing US$ 467.29 million. It is projected to garner US$ 1,843.16 million by 2030 to expand at 18.7% CAGR during 2022-2030. The hardware segment is further subsegmented into displays, batteries, transceivers, microprocessors, and others.

In terms of product type, the Europe electronic shelf label market is categorized into E-paper based ESL and LCD ESL. The E-paper based ESL segment held 58.4% share of Europe electronic shelf label market in 2022, amassing US$ 370.77 million. It is projected to garner US$ 1,535.68 million by 2030 to expand at 19.4% CAGR during 2022-2030.

Based on store type, the Europe electronic shelf label market is segmented into hypermarkets, supermarkets, specialty stores, non-food retail stores, and others. The hypermarkets segment held 35.7% share of Europe electronic shelf label market in 2022, amassing US$ 226.55 million. It is projected to garner US$ 953.49 million by 2030 to expand at 19.7% CAGR during 2022-2030.

In terms of communication technology, the Europe electronic shelf label market is categorized into radio frequency, near field communication, infrared, and others. The radio frequency segment held 52.2% share of Europe electronic shelf label market in 2022, amassing US$ 331.34 million. It is projected to garner US$ 1,383.10 million by 2030 to expand at 19.6% CAGR during 2022-2030.

By country, the Europe electronic shelf label market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 31.1% share of Europe electronic shelf label market in 2022. It was assessed at US$ 197.25 million in 2022 and is likely to hit US$ 830.81 million by 2030, exhibiting a CAGR of 19.7% during 2022-2030.

Key players operating in the Europe electronic shelf label market are LabelNest; Displaydata Ltd; Panasonic Holdings Corp; M2C Communication DOO; Hanshow Technology; Opticon Sensors Europe BV; Ses Imagotag SA; Samsung Electro-Mechanics Co Ltd; Diebold Nixdorf, Incorporated; and Pricer AB, among others.

In September 2021, Opticon and Nowi collaborated on new Electronic Shelf Label solutions for improved in-store customer experience and as a sustainable alternative to traditional smart retail systems.

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electronic Shelf Label Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. Europe Electronic Shelf Label Market – Key Industry Dynamics
5.1 Europe Electronic Shelf Label Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rapid Adoption of Game-Changing Technologies Across Retail-Value Chain
5.2.2 Growth in Supermarket/Hypermarkets
5.2.3 Rise in Strategic Initiatives by Market Stakeholders
5.3 Market Restraints
5.3.1 Disadvantages of ESL
5.4 Market Opportunities
5.4.1 Integration of Industry 4.0 for Automation and Smart Management
5.4.2 Advent of 5G Technology
5.5 Future Trends
5.5.1 Emergence of Battery-Free Solutions
5.6 Impact of Drivers and Restraints:
6. Electronic Shelf Label Market – Europe Market Analysis
6.1 Electronic Shelf Label Market Revenue (US$ Million), 2022 – 2030
6.2 Electronic Shelf Label Market Forecast and Analysis
7. Europe Electronic Shelf Label Market Analysis – Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
7.1.3 Displays
7.1.3.1 Overview
7.1.3.2 Displays Market, Revenue and Forecast to 2030 (US$ Million)
7.1.4 Transceivers
7.1.4.1 Overview
7.1.4.2 Transceivers Market, Revenue and Forecast to 2030 (US$ Million)
7.1.5 Microprocessors
7.1.5.1 Overview
7.1.5.2 Microprocessors Market, Revenue and Forecast to 2030 (US$ Million)
7.1.6 Batteries
7.1.6.1 Overview
7.1.6.2 Batteries Market, Revenue and Forecast to 2030 (US$ Million)
7.1.7 Others
7.1.7.1 Overview
7.1.7.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Software and Services
7.2.1 Overview
7.2.2 Software and Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Electronic Shelf Label Market Analysis – Product Type
8.1 E-Paper Based ESL
8.1.1 Overview
8.1.2 E-Paper Based ESL Market, Revenue and Forecast to 2030 (US$ Million)
8.2 LCD ESL
8.2.1 Overview
8.2.2 LCD ESL Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Electronic Shelf Label Market Analysis – Store Type
9.1 Hypermarkets
9.1.1 Overview
9.1.2 Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Supermarkets
9.2.1 Overview
9.2.2 Supermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Specialty Stores
9.3.1 Overview
9.3.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Non-Food Retail Stores
9.4.1 Overview
9.4.2 Non-Food Retail Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Europe Electronic Shelf Label Market Analysis – Technology
10.1 Radio Frequency
10.1.1 Overview
10.1.2 Radio Frequency Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Near Field Communication
10.2.1 Overview
10.2.2 Near Field Communication Market Revenue, and Forecast to 2030 (US$ Million)
10.3 Infrared
10.3.1 Overview
10.3.2 Infrared Market Revenue, and Forecast to 2030 (US$ Million)
10.4 Others
10.4.1 Overview
10.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
11. Europe Electronic Shelf Label Market – Country Analysis
11.1 Europe: Electronic Shelf Label Market
11.1.1 Europe: Electronic Shelf Label Market, By Key Country – Revenue 2022 (US$ Million)
11.1.2 Europe: Electronic Shelf Label Market, by Key Country
11.1.2.1 Germany: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.1.1 Germany: Electronic Shelf Label Market, by Component
11.1.2.1.1.1 Germany: Electronic Shelf Label Market, by Hardware
11.1.2.1.2 Germany: Electronic Shelf Label Market, by Product Type
11.1.2.1.3 Germany: Electronic Shelf Label Market, by Store Type
11.1.2.1.4 Germany: Electronic Shelf Label Market, by Technology
11.1.2.2 UK: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.2.1 UK: Electronic Shelf Label Market, by Component
11.1.2.2.1.1 UK: Electronic Shelf Label Market, by Hardware
11.1.2.2.2 UK: Electronic Shelf Label Market, by Product Type
11.1.2.2.3 UK: Electronic Shelf Label Market, by Store Type
11.1.2.2.4 UK: Electronic Shelf Label Market, by Technology
11.1.2.3 France: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.3.1 France: Electronic Shelf Label Market, by Component
11.1.2.3.1.1 France: Electronic Shelf Label Market, by Hardware
11.1.2.3.2 France: Electronic Shelf Label Market, by Product Type
11.1.2.3.3 France: Electronic Shelf Label Market, by Store Type
11.1.2.3.4 France: Electronic Shelf Label Market, by Technology
11.1.2.4 Italy: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.4.1 Italy: Electronic Shelf Label Market, by Component
11.1.2.4.1.1 Italy: Electronic Shelf Label Market, by Hardware
11.1.2.4.2 Italy: Electronic Shelf Label Market, by Product Type
11.1.2.4.3 Italy: Electronic Shelf Label Market, by Store Type
11.1.2.4.4 Italy: Electronic Shelf Label Market, by Technology
11.1.2.5 Russia: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.5.1 Russia: Electronic Shelf Label Market, by Component
11.1.2.5.1.1 Russia: Electronic Shelf Label Market, by Hardware
11.1.2.5.2 Russia: Electronic Shelf Label Market, by Product Type
11.1.2.5.3 Russia: Electronic Shelf Label Market, by Store Type
11.1.2.5.4 Russia: Electronic Shelf Label Market, by Technology
11.1.2.6 Rest of Europe: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.6.1 Rest of Europe: Electronic Shelf Label Market, by Component
11.1.2.6.1.1 Rest of Europe: Electronic Shelf Label Market, by Hardware
11.1.2.6.2 Rest of Europe: Electronic Shelf Label Market, by Product Type
11.1.2.6.3 Rest of Europe: Electronic Shelf Label Market, by Store Type
11.1.2.6.4 Rest of Europe: Electronic Shelf Label Market, by Technology
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 LabelNest
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Displaydata Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Panasonic Holdings Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 M2C Communication DOO
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Hanshow Technology
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Opticon Sensors Europe BV
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Ses Imagotag SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Samsung Electro-Mechanics Co Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Diebold Nixdorf, Incorporated
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Pricer AB
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index

Table 1. Electronic Shelf Label Market Segmentation
Table 2. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) -Product Type
Table 5. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) – Store Type
Table 6. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) – Technology
Table 7. Germany: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 8. Germany: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 9. Germany: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 10. Germany: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 11. Germany: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 12. UK: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 13. UK: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 14. UK: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 15. UK: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 16. UK: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 17. France: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 18. France: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 19. France: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 20. France: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
France: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 21. Italy: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 22. Italy: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 23. Italy: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 24. Italy: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 25. Italy: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 26. Russia: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 27. Russia: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 28. Russia: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 29. Russia: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 30. Russia: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 31. Rest of Europe: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 32. Rest of Europe: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 33. Rest of Europe: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 34. Rest of Europe: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 35. Rest of Europe: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 36. List of Abbreviation

Figure 1. Electronic Shelf Label Market Segmentation, By Country
Figure 2. Ecosystem: Electronic Shelf Label Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Electronic Shelf Label Market Revenue (US$ Million), 2022 – 2030
Figure 5. Electronic Shelf Label Market Share (%) – Component, 2022 and 2030
Figure 6. Hardware Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Displays Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Transceivers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Microprocessors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Batteries Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Software and Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Electronic Shelf Label Market Share (%) – Product Type, 2022 and 2030
Figure 14. E-Paper Based ESL Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. LCD ESL Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Electronic Shelf Label Market Share (%) – Store Type, 2022 and 2030
Figure 17. Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Supermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Non-Food Retail Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Electronic Shelf Label Market Share (%) – Technology, 2022 and 2030
Figure 23. Radio Frequency Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Near Field Communication Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Infrared Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Europe: Electronic Shelf Label Market, By Key Country – Revenue 2022 (US$ Million)
Figure 28. Europe: Electronic Shelf Label Market Revenue Share, by Key Country (2022 and 2030)
Figure 29. Germany: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 30. UK: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 31. France: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 32. Italy: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 33. Russia: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 34. Rest of Europe: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)