Market - - May 25,2017
The rising need to recover valuable components from waste materials along with government initiatives towards waste management will increase the demand for sorting equipment.
Sorting equipment mainly refers to the devices, such as cameras and lasers that sort solid products in an automated manner. It is used to separate dissimilar items into prearranged groupings as part of an automated process. The operation of a sorting equipment is to sort objects based on size, color, shape, chemical composition, as well as structural properties.
According to a fresh research report published by Market Research Hub (MRH), the sorting equipment market on a global level is expected to grow at a CAGR of 7.54% during the period 2017-2021. This growth is primarily due to the varied applications of sorting machines in the waste recycling industry, which include electronic waste sorting, municipal solid waste sorting, glass cullet, material recovery sorting, plastic sorting, scrap sorting and pallet sorting and recycling. Moreover, rubber sorting and recycling is also covered under the active applications.
Considering the global scale, increasing application in the recycling of ferrous and non-ferrous metals along with iron and steel scrap, is seen as a positive boost for the sorting equipment market. Presently, the food industry in the EMEA region is also increasing its focus on the removal of impurities from products, which eventually will boost the adoption and demand of sorting equipment.
In the next few years, upgradation and modernization of equipment is anticipated to become the key trends gaining power in the sorting equipment market. The prime leaders within this industry include Tomra, Bhler Sortex, Sesotec, Raytec Vision, Daewon GSE, Satake USA, Key Technology, RTT STEINERT, BarcoVision, BT-Wolfgang Binder, Aweta, Greefa, Meyer, PELLENC, TaiHo, Binder+Co, Concept Engineers and MSS.
For more information on this report visit- http://www.marketresearchhub.com/report/global-sorting-equipment-market-2017-2021-report.html