Optical Sorter Market to grow at 9% CAGR from 2018 to 2024: Global Market Insights Inc. 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 imageprocessing 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.
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. 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.
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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. Germany optical sorter market, by application, 2017 & 2024 (USD Million)
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 fullyautomated sorting technologies for carrying out the business operations and processes. These factors are providing several growth opportunities to the optical sorter market growth. In MEA, the optical sorter market is gaining traction owing to the growing adoption of these systems in the mining industry. In the mining industry, these systems help in detecting & sensing the molecular composition of the materials & minerals such as gold, platinum, tanzanite, gemstones, and others. The systems allow the major mining companies to reduce mineral dilution, lower transport costs & strip ratios, optimize process flows, and remove containments, thereby driving the implementation of these systems and positively impacting the optical sorter market growth. 2|Page
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. The players in the optical sorter market are developing new and advanced solutions for competing in the market. For instance, in May 2018, Steinert GmbH introduced Hyperspectral Imaging (HSI) camera technology in its NIR sorting unit, which is developed for the food industry. The machine helps detect differences between the chemical composition of a PET tray and PET bottle when sorting. Browse key industry insights spread across 213 pages with 246 market data tables & 24 figures & charts from the report, “Optical Sorter Market Size By Product (Lasers, Cameras, NIR Sorters, Hyperspectral Cameras), By Platform (Belt, Freefall, Lane, Hybrid), By Application (Recycling, Mining, Food), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Taiwan, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024� in detail along with the table of contents: https://bit.ly/2FSIc2X Table of Content (TOC-)
Chapter 1 1.1
Methodology & Scope 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
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1.2.2 Primary Chapter 2 2.1
Executive Summary 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
Chapter 3
Optical Sorter Industry Insights
3.1
Industry segmentation
3.2
Industry landscape, 2013 – 2024 3.2.1 Global smart sensor industry landscape, 2013 – 2024 3.2.2 Global laser technology industry landscape, 2013 – 2024
3.3
Industry ecosystem analysis 3.3.1 Vendor matrix
3.4
Technological and innovation landscape 3.4.1 Fiber sorting technology 3.4.2 Wire and color sorting technologies 3.4.3 Smart sensors
3.5
Regulatory landscape 3.5.1 North America 3.5.1.1 Occupational Health and Safety Act (OHSA) 3.5.1.2 The California Integrated Waste Management Act of 1989
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3.5.1.3 Electronics Management Program (North Carolina Environmental Quality) 3.5.2 Europe 3.5.2.1 General Food Regulations 2004, UK 3.5.2.2 International Solid Waste Association (ISWA) 3.5.2.3 The Environmental Permitting (England and Wales) (Amendment) Regulations 3.5.2.4 The Waste Electrical and Electronic Equipment Directive (WEEE Directive) 3.5.3 Asia Pacific 3.5.3.1 Municipal Solid Waste Management (MSWM) 3.5.3.2 The Hazardous Wastes (Management, Handling, and Transboundary Movement) Rules, 2008 3.5.3.3 Municipal Solid Wastes (MSW Japan) 3.5.4 Latin America 3.5.4.1 National Solid Waste Policy (Brazil) 3.5.4.2 Extended Producer Responsibility Law 3.5.5 MEA 3.5.5.1 Council for Scientific and Industrial Research (CSIR) 3.5.5.2 National Environmental Management: WASTE ACT 59 OF 2008 3.6
Industry impact forces 3.6.1 Growth drivers 3.6.1.1 High demand for optical sorters from the U.S and European food industry 3.6.1.2 Presence of stringent regulations for food safety in Europe
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3.6.1.3 Rising cost of labor in Europe and Asia Pacific 3.6.1.4 Rising adoption of digital sorting technologies in China and Japan 3.6.1.5 Adoption of the technology in waste recycling plants in Latin America and MEA 3.6.2 Industry pitfalls & challenges 3.6.2.1 High initial capital investment and maintenance costs 3.6.2.2 Difficulties in sorting plastic waste 3.7
Growth potential analysis
3.8
Porter’s analysis
3.9
Competitive landscape, 2017 3.9.1 Company market share analysis 3.9.2 Strategy dashboard
3.10 PESTEL analysis Chapter 4
Optical Sorter Market, By Product
4.1
Key trends in the optical sorter market, by product
4.2
Lasers 4.2.1 Market estimates and forecast, 2013 – 2024 4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.3
Cameras 4.3.1 Market estimates and forecast, 2013 – 2024 4.3.2 Market estimates and forecast, by region, 2013 - 2024
4.4
NIR sorters 4.4.1 Market estimates and forecast, 2013 – 2024
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4.4.2 Market estimates and forecast, by region, 2013 - 2024 4.5
Hyperspectral cameras 4.5.1 Market estimates and forecast, 2013 – 2024 4.5.2 Market estimates and forecast, by region, 2013 - 2024
Industry Coverage
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