Optical Sorters Market Expected to Reach USD 3,350.2 Mn by 2026
The global optical sorters market was valued at US$ 1,368.1 Mn in 2017 and is projected to expand at a compound annual growth rate (CAGR) of more than 10.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Optical Sorters Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Cost reduction and increase in productivity through automation, growing labor costs, and stringent government regulations pertaining to food safety are primary factors that are expected to boost the market during the forecast period. For instance, automation technologies and solutions are being implemented in numerous industries to eliminate human error, minimize energy consumption, for product quality consistency with cleaner energy, and for efficient data collection and consolidation. Increase in productivity and speed with automation results in shorter delivery time and efficient business operations. Industries such as ...