Color Sorter Market
India color sorter market is gaining fast traction from the sector that includes agricultural majorly. The global India color sorter market is anticipated a substantial rise with a CAGR of 2.05% during the forecast period (2014–2022), reveals Market Research Future (MRFR) in its detailed reports. The report, further, integrates prevalence of driving factors, segmental analysis, and regional analysis to understand the future dynamics of the market.
Market Drivers & Trends
The agricultural sector has motivated the India color sorter market growth. The color sorter machines and systems usually detect the colors of seeds and grains that pass before them using devices such as cameras. On the basis of this, the market is outstandingly driven by the improved demand from several product innovations and investment in the field of agro-food processing in India.
At the same time, the rising assimilation of technologically advanced machinery equipped with sensors that are programmed to simplify the workload in the agriculture sector is yet another significant factor driving the growth of the India color sorter market. Even the large population in India is majorly dependent on agriculture for spending livelihood. Therefore, the accumulative demand for advanced equipment and upsurge in investments for advanced machinery in the massive agriculture sector is resulting in the expansion of the India color sorter market.
On the other hand, also the rising research and development in the agriculture sector and quality standards set by the government for safety, hygiene, and high quality of agricultural products coupled with rapid industrialization are profoundly impacting positively on the growth of the India color sorter market.
On the flip side, the factor of the absence of skilled labors, high cost of machinery, and requirement of regular maintenance are likely the restraints on the growth of the India color sorter market during the forecast period.
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Market Segmentation
As per the study, the India color sorter market is segmented by the elements of type and application.
In terms of type: Chute and belt are the segments.
In terms of application: Agricultural and industrial are the segments.
Regional Outlook
By topography, the global India color sorter market has covered the significant regions of North, South, West, and East.
Among these, the North region leads the India color sorter market with 33.1% of the share, which was recorded in 2016. The market is likely to expand to a market size of USD 20.8 million by 2022. It is anticipated to grow at 2.05% CAGR during the assessment period. The region, in particular, has seen risen investments as part of countless initiatives taken up by the government to motivate small and medium scale agro-based processing industries. The government operates different project policies to enable investment in the food and agro-processing sector.
Asia-Pacific has also noted as well as the largest market region in the global India color sorter market, with a revenue market share nearly 50.98% in 2016, which is now increasing year by year.
Key Players
The foremost players profiled in the study of the India color sorter market are listed as Buhler Group, Satake India Engineering, Tomra, Orange, Sea, Hefei Meiya Optoelectronic Technology Inc., Key Technology, Anhui Zhongke Optic-electronic Color Sorter Machinery Co., Ltd., Flowler Westrup, and Hefei TAIHE Optoelectronics Technology Co., Ltd.
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