Market Research Report
Food Automation Market by Type (Motor Controls, Discrete controllers & visualization, rotary & linear products), Function (Palletizing, Sorting & Grading, Picking & Placing, Processing), Application (Dairy, Bakery), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||536513|
|Published||Content info||155 Pages
Delivery time: 1-2 business days
|Food Automation Market by Type (Motor Controls, Discrete controllers & visualization, rotary & linear products), Function (Palletizing, Sorting & Grading, Picking & Placing, Processing), Application (Dairy, Bakery), and Region - Global Forecast to 2022|
|Published: July 27, 2017||Content info: 155 Pages||
The global food automation market was valued at USD 8.22 billion in 2016 and is projected to reach a value of USD 12.26 billion by 2022, growing at a CAGR of 6.90%. The food automation market is driven by the increasing inclination of consumers towards processed and ready to eat foods, technological advancements in automation and stringent international food safety regulations. The requirement of high capital investment has been considered as the restraining factors for the market.
One of the major drivers for the growth of discrete controllers & visualization segment is contributed due to its comprehensive nature to offer integrated and flexible production options to manufacturers. Control and visualization systems provide smooth manufacturing operations through efficient control and management. Incorporating control systems provides manufacturers with increased productivity and quality by streamlining multiple processes in manufacturing plants. Greater coordination of plant processes is achieved by integrating factory automation with control and visualization tools
One of the driver for growth of packaging & re-packaging segment is the growing food safety concerns among consumers. Automated packaging helps food manufacturers with their challenges of maintaining food safety/ hygiene and quality.
Asia-Pacific is projected to be the fastest-growing region from 2017 to 2022 due to its large market base for the food & beverage industry; the improved standard of living due to the rise in income levels, and growing number of manufacturer in the region. The food & beverage market in the Asia-Pacific region is currently undergoing a transformation in response to rapid urbanization, diet diversification, and the liberalization of foreign direct investment in the food sector.
Others include sales managers, marketing managers, and product managers.
Leading players profiled in this report are as follows:
The food automation market has been segmented on the basis of type, function, and application, which are further divided into their subsegments. It has also been segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of insights, this research report has focused on various levels of analyses-industry analysis, company profiles of top players, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the food automation market, high-growth regions, countries, drivers, restraints, and opportunities.
Top 25 companies analyzed for this study are - Mitsubishi Electric Corporation (Japan), ABB Ltd (Switzerland), Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Schneider Electric SE (France), GEA Group (Germany), Fortive Corporation (U.S.), Yaskawa Electric Corporation (Japan), Rexnord Corporation (U.S.), Emerson Electric Co. (U.S.), Nord Drivesystems (Germany), Horner APG, LLC. (HS Motion Group) (U.S.), ScandiNova Systems AB (Sweden), Festo AG & Co. KG (Germany), Eaton Corporation plc (Ireland), Ametek Inc. (U.S.), Tetra Laval International SA (Switzerland), COPA-DATA GmbH (Austria), Frontmatec (Denmark), ProLeiT AG (Germany), HollySys Automation Technologies Ltd. (China), Elwood Corporation (U.S.), KEB Automation KG (Germany), STOBER ANTRIEBSTECHNIK GmbH & Co. KG (Germany)
*Details on Company overview, Strength of product portfolio, Product offerings, Business strategy excellence, Recent developments might not be captured in case of unlisted companies.