Global Sorting Equipment Market Forecasted to Gain Steady Growth at a CAGR of 7% during 2017-2021


Published on : May 24, 2017

Albany, New York, May 24, 2017: The rising need to recover valuable components from waste materials and government initiatives towards waste management and recycling will increase the demand for sorting equipment. Due to this, the global market of sorting equipment is facing remarkable growth from the past few years and also estimated to grow in the coming years. To explore the market trends and factors driving the market growth, analysts have prepared a study titled “Global Sorting Equipment Market 2017-2021” which has recently broadcasted to the online database of Market Research Hub (MRH). Through this analysis, researchers find that the market will exhibit a considerable at a CAGR of 7.54% by the year end of 2021.

Sorting equipment mainly refers to the devices, including lasers and cameras that sort solid products in an automated manner. It is used to separate dissimilar items into predetermined groupings as part of an automated process. The sorting equipment can sort objects based on size, color, shape, chemical composition, and structural properties. This type of sorting mechanism is also known as optical or digital sorting technology. Today, the applications of sorting machines in the waste recycling industry include electronic waste sorting, glass cullet, municipal solid waste sorting, material recovery sorting, pallet sorting and recycling, plastic sorting, scrap sorting and recycling, and tire and rubber sorting and recycling. Moving further, the global sorting equipment market is divided on the basis of some major end-users; including waste sorting, food sorting and mineral sorting.

Geographically, the research study focuses on some prime regions including APAC, Americas and EMEA. Through this geographical analysis, it has been analyzed that the food industry in the EMEA region is increasing focuses on the removal of impurities from products, which in turn, will boost the demand and adoption of sorting equipment. The upgradation and modernization of equipment will be one of the key trends gaining traction in the sorting equipment market.

One of the prime reasons that will drive the growth scenarios for the global market is the growing applications of sorting equipment in the waste recycling industry. The sorting equipment will further gain traction in the market due to its increasing application in the recycling of ferrous and non-ferrous metals and iron and steel scrap, finds the study. To accurately forecast the industry’s growth prospects, our market research experts follow a mix of primary and secondary research techniques and also make a thorough analysis of the various factors, containing technological advancements and the demand for different products and services across various geographical regions.

Click here to get more info with TOC in a PDF Format : http://www.marketresearchhub.com/enquiry.php?type=S&repid=1072177

The study further includes an important section which describes the market competitiveness by profiling the key vendors available in the market. They are as follows Tomra, Bhler Sortex, Raytec Vision, Sesotec, Daewon GSE, Key Technology, Satake USA, RTT STEINERT, BT-Wolfgang Binder, BarcoVision, Aweta, Meyer, Greefa, PELLENC, Concept Engineers, TaiHo, Binder+Co and MSS.

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