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The global optical sorter market is valued at USD 2 billion in 2020 and is expected to reach USD 3.3 billion by 2025; it is expected to grow at a CAGR of 10.2% from 2020 to 2025.
A few key factors driving the growth of this market are growing focus on automation to increase productivity, increasing need to reduce process and delivery time in the food industry, rising labor costs, and emerging stringent government regulations regarding food safety.
The Optical sorter market for freefall platforms expected to hold largest share during the forecast period
The Optical sorter market for freefall platforms is expected to hold largest share during the forecast period. Freefall based platforms are most suitable for food (nuts and berries as well as frozen and dried fruits, vegetables, potato strips, and seafood) and waste recycling applications. The advantages of a freefall sorter in comparison to a belt sorter is
Concept of Home Automation to Drive Demand for Robotic Vacuum Cleaners Worldwide
The global robotic vacuum cleaners market was valued at US$ 4.34 Bn in 2019 and expected to expand at a CAGR of 9.1% during the forecast period from 2020 to 2028.
Floor cleaning is one of the major maintenance tasks across verticals, be it residential, commercial, or industrial. Rising demand for automated cleaning equipment can be majorly credited to the growing concept of smart homes and awareness regarding the importance of hygiene and cleanliness at homes and workplaces.
Changing socioeconomic factors like increased female employment and their inclination towards technical jobs has led to the scarce availability of workforce for household chores. This, coupled with the busy lifestyle of people in urban areas is driving demand for automated cleaning equipment, especially in the residential segment.
Concept of Home Automation to Drive Demand for Robotic Vacuum Cleaners Worldwide
The global robotic vacuum cleaners market was valued at US$ 4.34 Bn in 2019 and expected to expand at a CAGR of 9.1% during the forecast period from 2020 to 2028.
Floor cleaning is one of the major maintenance tasks across verticals, be it residential, commercial, or industrial. Rising demand for automated cleaning equipment can be majorly credited to the growing concept of smart homes and awareness regarding the importance of hygiene and cleanliness at homes and workplaces.
Changing socioeconomic factors like increased female employment and their inclination towards technical jobs has led to the scarce availability of workforce for household chores. This, coupled with the busy lifestyle of people in urban areas is driving demand for automated cleaning equipment, especially in the residential segment.
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The global lubricant anti-wear agents market size is projected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% from 2020 to 2025.
The growing demand for high-passenger and commercial vehicles in the automotive industry is driving the lubricant anti-wear agents industry growth as well as the rising GDP in the Asia-Pacific. The increasing inclination toward electric vehicles and environmental concerns is restraining the growth of the market.
The zinc dialkldithiophosphate (ZDDP) lubricant anti-wear agents segment, by type, is projected to have the largest market share
Zinc dialkldithiophosphate (ZDDP) is a family of uncharged compounds composed of phosphorus, zinc, and sulfur traces, primarily used as anti-wear additives in lubricants such as gear oil, grease, and motor oil. Zinc dialkldithiophosphate has high thermal and hydrolytic stability and forms protective chemical
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The ground support equipment market is projected to grow from USD 4.0 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 20.7% from 2020 to 2025.
The COVID-19 has taken a colossal toll on the world s economic activity with individuals, organizations, governments, and businesses having to adapt to the challenges of the crisis. Air travel restrictions across various regions for both domestic and international flights have led to inactive fleets across the globe. Like many other sectors, the ground support equipment market is also heavily impacted by the COVID-19 pandemic.
According to the Airport International Council (ACI) analysis, the impact of COVID-19 on the airport business will result in a 58.4% reduction in passenger volumes in 2020 compared to 2019. The airport industry is anticipating a 60% reduction in revenue as compared to the pre-COVID-19 projected baseline. The substantial decline in pa