According to Technavio’s latest market research study, the global sorting equipment market is expected to grow at a CAGR of more than 7% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global sorting equipment market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
The top three revenue contributing end-user segments are discussed below:
Global food sorting equipment market: The food industry is under enormous pressure to meet the requirements of the growing population. Individuals are increasingly opting for urbanized livelihoods while emerging economies are witnessing large-scale industrialization. This has accelerated the demand for convenient processed foods that are easy to prepare, healthy, and nutritious. Industry analysts at Technavio anticipate the global food sorting equipment market to register growth at a CAGR of more than 7% during the forecast period.
“The use of sorting equipment can help solve the dilemma of food security to a certain degree by filtering out the impurities and undesired materials. For instance, wheat grains are sorted to eliminate unhealthy grains and foreign material. The installation of such equipment at strategic positions of the milling process facilitates and optimizes the entire cleaning process,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
Global waste sorting equipment market: The change in the waste hierarchy, which includes waste prevention, sorting for reuse, and recycling instead of disposal, is crucial for reducing pressure on the environment. This trend is especially prominent in developed regions such as France, Germany, the US and the UK. These regions already use numerous sorters, but they are striving to achieve complete efficiency in waste management and recycling. This is expected to fuel a continued demand for waste sorting equipment from these regions in the coming years.
Mineral sorting equipment market: Optical sensors use sensor technology to segregate minerals from the earth by using devices such as cameras, lasers, and LEDs. This technology is used to separate minerals such as diamonds and coal. The use of optical sensors protects various process equipment from metal damage and ensures product purity. Technavio’s market research analysts expect the global sorting equipment market to account for a revenue of around USD 62 million by 2021.
The top vendors operating in the global sorting equipment market are:
- Bühler Sortex
- Key Technology
- Satake USA
- Daewon GSE
- Raytec Vision
- Concept Engineers
- RTT STEINERT
- BT-Wolfgang Binder
A more detailed analysis is available in the Technavio report titled, ‘Global Sorting Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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