Global Robotic Waste Sorting Market and Its Drivers
The rise in the need for efficiency and accuracy in waste sorting, coupled with the increased application of robotic arms in waste management facilities, is boosting the value of the global robotic waste sorting market, Transparency Market Research Inc. stated.
In 2023, the market stood at 2.3 billion US-Dollar, the market research company informed. According to the prognosis, the global market is projected to reach 3.4 billion US-Dollar in 2034 at a CAGR (compound annual growth rate) of 3.8 percent between 2024 and 2034. As reported, one of the primary factors driving the market is the need for enhanced efficiency in waste sorting. Transparency Market Research: “Traditional manual sorting methods are labor-intensive and often prone to errors, leading to inefficiencies and increased operational costs. Robotic systems, equipped with advanced technologies, offer a more efficient alternative by automating the sorting process. This not only speeds up operations but also reduces the reliance on human labor, minimizing the risk of injury and ensuring consistent performance.” Autonomous waste sorting systems are at the forefront of this market. These systems employ computer vision and deep machine learning algorithms to detect and classify different types of waste materials.
“Computer vision systems capture images of waste items, while deep learning models analyze these images to identify and sort materials with high precision,” the information said. “This technology not only enhances sorting accuracy but also adapts to evolving waste streams and varying material types.”
transparencymarketresearch.com
(Published in GLOBAL RECYCLING Magazine 3/2024, Page 32)