Optical Sorter Market

Product Launches and Developments, Acquisitions, Partnerships, Agreements, Collaborations, and Expansions in the Optical Sorter Market

The optical sorter market is expected to be worth USD 2.87 Billion by 2023, growing at a CAGR of 9.8% between 2017 and 2023. Advancements in detection technologies and intelligent software and growing adoption of sorting equipment in the recycling industry are the major factors providing opportunities to the players in the optical sorter market. The major factor driving the growth of the optical sorter market is the growing focus on automation to increase productivity in various industries.

Key strategies adopted by the major players in the optical sorter market include product launches and developments, acquisitions, partnerships, agreements, collaborations, and expansions. Companies such as TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder (Austria), and Satake (US) have adopted these strategies to expand their customer base and enhance their product portfolio.

TOMRA (Norway) held the leading position in the optical sorter market in 2016. TOMRA is one of the technologically advanced companies in sensor-based sorting for food, recycling, mining, and other industries. The company has a wide selection of sorting products which are highly competitive in the market. The company installed over 10,500 units of sorting equipment in more than 80 countries. The company delivers high-performance sorting and analytical solutions to their customers. The company focuses on acquisitions to enhance its presence in the market. For instance, in October 2016, the company acquired Compac Holding Ltd. With the acquisition of Compac, TOMRA strengthened its leading position in the food segment and offered solutions to its customers for sorting fresh and processed foods with both lane and bulk sorting.

Buhler (Switzerland) is one of the leading providers of optical sorting solutions to the food and non-food processing industries. The company manufactures a wide variety of optical sorter equipment. The company serves its customers through a global network of sales and service professionals and distributors in more than 140 countries through their sales and service companies and several agencies. Buhler Sortex is one of the most trusted brands in optical sorting and is recognized for its technical excellence, product innovation, and engineering leadership.

Other companies operating in the optical sorter market are Key Technology (US), Binder (Austria), and Satake (US).

Related Reports:

Optical Sorter Market by Type (Camera, Laser, NIR Sorter, and Hyperspectral Camera & Combined Sorters), Platform (Belt, Freefall, Lane, and Hybrid), Application (Food, Recycling, and Mining), and Geography - Global Forecast to 2023

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Report Code
SE 5899
RI Published ON
1/17/2018
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