Waste Sorting Robots Market Size, Trends & Forecast Report


Posted February 13, 2020 by kishore2895

The global market size for Waste Sorting Robots is set to reach USD 12.26 billion by 2024, in-creasing at a CAGR of 16.52 percent over the forecast period of 2019 - 2024.
 
Waste sorting robots are the systems that are independent and smart for the applications used in industries. Waste is sorted by a robotic arm that detects, selects and locates with the sensor array. A robot with two arms can sort 4,000 selections per hour which can replace the traditional waste sorting methods.
The global market size for Waste Sorting Robots is set to reach USD 12.26 billion by 2024, in-creasing at a CAGR of 16.52 percent over the forecast period of 2019 - 2024.
The growth of this market can be attributed to the increasing demanding for the collection of wastage from different sources and finding reusable techniques. Moreover, encouragement from the government by investing in the development of these robots are propelling the growth of the global waste sorting robot market.
Recent developments
The first company to launch the robots for sorting wastage that is fully equipped with artificial intelligence, computer vision, and machine learning is ZenRobotics. Also, Apple Inc. has recently announced its installation of these robots for dissembling the iPhones.
Market drivers and restraints
Demand for the collection of wastage from different sources and finding reusable techniques in various industries is one of the primary drivers of the global waste sorting robot market. Also, in-vestments from the government in the development of the robots that can sort wastage efficiently are one of the primary growth factors of the waste sorting robot market. Moreover, rising aware-ness of waste management systems usage and the efficiency that robots over humans are propel-ling the business.
However, stringent rules of the government for launching a new product in this market are declin-ing the developers to launch these robots. And the high costs during the initial installation, which is tough for the small scale industries, and the lack of skilled technicians who can solve the issues of these robots in real-time are the restraints of this market.
Check out the sample: https://www.marketdataforecast.com/market-reports/waste-sorting-robots-market/request-sample
Report Segmented as
By Waste Type
• Organic Waste
• Plastics Waste
• Metal Waste
• Chemical Waste
• Wood Waste
• Stone Waste
• Electronic Waste
• Others
By End-user
• Recycling Industry
• Plastics Industry
• Metal and Minerals industry
• Wood Industry
• Food Industry
• Others
Geographical Analysis
• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa
In the regional analysis of the global waste sorting robot market, North America is the leading re-gion due to the quick adoption of advancements in robotics and the studies on them. Also, the growth of the GDPs of the countries in that region is the major driver of the growth of this area in the coming years in this waste sorting robotics market.
Key market players
• ZenRobotics
• Sadako Technologies
• AMP Robotics
• Waste Robotics
• Alpine Waste & Recycling
• Resource Recycling
• Bollegraaf
• HOMAG
• TOMRA
• Pellenc ST
• RES Ployflow

To know more, click: https://www.marketdataforecast.com/market-reports/waste-sorting-robots-market
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Tags waste sorting robots industry , waste sorting robots market , waste sorting robots market size
Last Updated February 13, 2020