Global Food Automation Market valued approximately USD 8.8 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2018-2025. The Food Automation Market is continuously growing in the global scenario at significant pace. Automation technologies are widely used in processing industries. It serves as a cost-effective solution by optimizing resource management, improving productivity, better asset management and mitigating security risks. Motors aid to offer appropriate functioning of systems, whereas generators ensure smooth operational flow. Implementation of different packaging machineries and robotics, stringent International food safety regulations & policies and technological advancements in food automation are the substantial driving factors of the market during the forecast period. Moreover, growing demand for advanced machinery with higher productivity and efficiency is the major factors that likely to create numerous opportunity in the near future. In addition, food automation has ability to replicate the appearance & quality of the product with the minimum use of ingredients not only improves efficiencies to bottom line profit but also can potentially increase sales. With this factor demand for food automation is increasing among its end-users across the globe. However, high capital investment requirement is one of the major restraining factors of the market during the forecast period.
The regional analysis of Global Food Automation Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share due to growing demand for processed food and rising disposable income across the region. North America is estimated to grow at reasonable growth rate in the global food automation market over the upcoming years. Further, Asia-Pacific anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to presence of larger market base of food & beverage industry and g=rising standard of living among people due to rise in income in the region.
The major market player included in this report are:
- Mitsubishi Electric Corporation
- ABB Ltd.
- Rockwell Automation Inc
- Schneider Electric SE
- GEA Group
- Nord Drive systems
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Discrete Controller and Visualization
- Generators and Motors
- Liner and Rotary Products
- Motor Control
- Fruits & Vegetables
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2015, 2016
- Base year – 2017
- Forecast period – 2018 to 2025
Target Audience of the Global Food Automation Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers