Optical Sorter Market to surpass USD 3 billion by 2024 - PowerPoint PPT Presentation

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Optical Sorter Market to surpass USD 3 billion by 2024

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Request Sample of Report @ Hyperspectral cameras are expected to grow at 12% CAGR over the forecast timespan. In the optical sorter market, they are being widely used and implemented owing to the growing need to solve previously impossible sorting tasks. Companies are developing a new generation of systems that feature hyperspectral and multispectral imaging systems. Hyperspectral cameras are similar to the trichromatic cameras and they collect data from the electromagnetic spectrum. They are increasingly being applied for quality control, sorting, and recycling applications. – PowerPoint PPT presentation

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Title: Optical Sorter Market to surpass USD 3 billion by 2024


1
Optical Sorter Market By Product, Platform,
Application and Region-Forecasts, 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Optical Sorter Market
  • Global Optical Sorter Market valued at over USD
    1.5 billion in 2017 and to surpass USD 3 billion
    by 2024, according to a new research report by
    Global Market Insights, Inc. The rising focus on
    automation to increase the productivity will
    provide an impetus to the optical sorter market.
    Automation in several industrial sectors has led
    to the development of centralized waste
    management solutions for the effective management
    of the waste, thereby driving the industry
    growth. They implement image-processing software
    and high-speed cameras to quickly scan and sort
    waste materials.
  • There is a high demand for environmental
    resources with more countries becoming industrial
    economies and a rise in the population growth.
    The technology is extremely important for solid
    wastes as well as in the recycling industry as
    they help in segregating several materials.
    Moreover, the recycling plants can package and
    disperse a high amount of materials by
    implementing the technology in busy facilities,
    thereby driving the optical sorter market demand.

3
Continued...
  • Optical sorters are replacing manual sorting
    processes in the food industry owing to the
    rising labor costs, shortage in the labor force,
    and an increased demand from consumers who want
    high-quality systems. The rising labor costs are
    compelling several industries to implement these
    systems to perform critical and time-consuming
    tasks. The food industry is increasing its focus
    on implementing automation for increasing the
    productivity.
  • From receiving raw products to inspecting the
    finished products, these systems are being
    implemented into the production lines to help in
    inspecting the production volumes. Moreover,
    these systems help in detecting and removing
    foreign material defective products and help in
    achieving enhanced product quality and reduced
    operational costs, thereby driving the optical
    sorter market demand.

4
Germany optical sorter market, by application,
2017 2024 (USD Million)

5

Browse Full Market Research Report On Optical
Sorter Market _at_ https//bit.ly/2FSIc2X
Request for a Sample of this Research Report _at_
https//bit.ly/2OSlP2X
6
Continued...
  • Strict government regulations regarding food
    safety is a major factor driving the optical
    sorter market growth. The Food and Drug
    Administration (FDA) has set certain laws for
    ensuring the quality of food. These need to be
    very strictly observed to avoid inquiries from
    the FDA. Several businesses and companies are
    adopting innovative sorting machinery to meet the
    quality of their products. In addition, the
    Europe optical sorter market will witness a high
    growth of over 9 CAGR over the forecast time
    span owing to the rapid generation of e-waste.
  • In the region, electronic electrical waste is
    the highest growing waste. Recycling of these
    waste products has become crucial as it consists
    of several hazardous materials. For instance,
    recently in the UK, ANDRITZ MeWa, a plant builder
    in Germany, has built a WEEE plant that has
    implemented Sesotec optical sorters for waste
    management. The plant has been designed to
    process electronic electric waste, recycled
    refrigerators, computers, and others.

7
Continued...
  • In the optical sorter market, hybrid sorters are
    witnessing a high demand from the food industry.
    These are powerful sorters that use a combination
    of proven air separation technology and food
    safety optimized flap separation that sort
    acceptable products. The companies are developing
    these platforms owing to the growing demand for
    high hygiene standards to be used in wet or dry
    food processes.
  • China and Japan are experiencing a high adoption
    of these advanced sorting solutions owing to the
    faster technological adoption and rising
    industrial sector. Industries are deploying
    fully-automated sorting technologies for carrying
    out the business operations and processes. These
    factors are providing several growth
    opportunities to the optical sorter market growth.

8
Industry Coverage

9
Continued...
  • Some key players in the optical sorter market
    include Tomra Systems ASA, Steinert GmbH, Sesotec
    GmbH, Satake Corporation, Raytec Vision SpA,
    Pellenc ST, Newtec A/S, National Recovery
    Technologies LLC, Key Technology, Inc., Greefa
    Italia GmbH, CP Manufacturing, Inc., Buhler AG,
    Binder Co AG, Allgaier Werke GmbH, A/S Cimbria,
    and others.

10
Table OF Content
Chapter 1 Methodology Scope 1.1
Methodology 1.1.1 Initial data
exploration 1.1.2 Statistical model and
forecast 1.1.3 Industry insights and
validation 1.1.4 Definition and forecast
parameters 1.1.4.1 Definitions 1.1.4.2
Methodology and forecast parameters 1.2 Data
Sources 1.2.1 Secondary 1.2.2
Primary Chapter 2 Executive Summary 2.1
Optical sorter industry 3600 synopsis, 2013 -
2024 2.1.1 Business trends 2.1.2 Regional
trends 2.1.3 Product trends 2.1.4 Platform
trends 2.1.5 Application trends
11
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