Optical Sorters Market Slated a Massive Growth in 2024 with Top Key Players TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder (Austria), GREEFA (Netherlands), Allgaier Werke (Germany)
Global Optical Sorters Industry was valued at USD 1.75 Billion in the year 2018. Global Optical Sorters Industry is further estimated to grow at a CAGR of 9.9% from 2018 to 2025 to reach USD 3.45 Billion. According to the report, the optical sorters Industry is expected to be influenced by a range of factors such as cost reduction and increase in productivity through automation, growing labor costs, and stringent government regulations pertaining to food safety. Additionally, Industry players are focused on research and development to enable development of innovative and technologically advanced optical sorting solutions. Some of the majorly used technologies include Near Infra-Red (NIR) spectroscopy, fluorescent lighting and lasers, X-rays, and cameras. These technologically advanced optical sorters detect and remove the smallest foreign materials (FM) and defects, and automate the operation lines. Further, in the near future, optical sorters are expected to adopt more sophisticated algorithms which can allow them to better understand and process the information collected from sensors.
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Major market players in Satake (US), TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder (Austria), GREEFA (Netherlands), Allgaier Werke (Germany), Cimbria (Denmark), NEWTEC (Denmark), CP Manufacturing (US), National Recovery Technologies (US), Sesotec (Germany), Pellenc ST (France), Raytec Vision (Italy), STEINERT (Germany), and Other Company Profile is provided as per client requirement.
In terms of component, the optical sorters Industry is bifurcated into products and services. The services segment is further classified into consulting, repair and maintenance, and training. Products segment is anticipated to witness a significant CAGR growth rate. Nonetheless, hardware prices of optical sorters are projected to decrease over the forecast period. Consulting, and repair and maintenance services segments are estimated to expand at a significant CAGR of more than 11% during the forecast period. Substantial growth in adoption of advisory services provided by Industry players to evaluate the current operational processes of clients is pushing the revenues from the consulting services segment.
North America is expected to hold substantial share of the global optical sorters Industry during the forecast period. Expansion of the Industry in the region is primarily due to the stringent government regulations pertaining to food safety especially in the U.S., significant mergers and acquisitions in the region, and significant growth in adoption of optical sorters in waste recycling facilities. Effective analysis and food sorting equipment have a huge role to play in brand and consumer protection. In the past, many companies experienced food-related recalls due to issues related to contaminations. In the U.S., the FDA Food Safety Modernization Act (FSMA), defines the FDA mandates, oversight tools, and authority to establish modern food safety standards for those who process, grow, store, and transport food. In June 2017, Penn Waste, Inc., a Pennsylvania, U.S.-based commercial and residential waste recycling and removal services provider, introduced NRT MetalDirector and NRT optical sorters in its materials recovery facility (MRF). The new system integration will improve output material purity and throughput to more than 45 tph (tons per hour).
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Optical Sorters Market Segment by Regions, regional analysis covers:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
• Asia Pacific (China, Japan, India, Southeast Asia and Australia)
• Latin America (Brazil, Argentina and Colombia)
• Middle East and Africa
Table of Content:
Global “Global Optical Sorters Market” Research Report 2019-2025
Chapter 1: Industry Overview
Chapter 2: Optical Sorters International and China Market Analysis
Chapter 3: Environment Analysis of Optical Sorters
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Optical Sorters Revenue Market Status.
Chapter 7: Analysis of Optical Sorters Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Optical Sorters Market
Chapter 10: Development Trend of Optical Sorters Industry 2019-2025
Chapter 11: Industry Chain Suppliers of Optical Sorters with Contact Information
Chapter 12: New Project Investment Feasibility Analysis of Optical Sorters
Chapter 13: Conclusion of the Global Optical Sorters Market Research Report
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