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).
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