Global Food Automation Market
Report Highlights
Global Food Automation Market
By Function (Processing, Sorting & Grading, Picking & Placing, Packaging & Re-Packaging, Palletizing, Other Functions), By Application (Meat, Poultry, and Seafood, Dairy, Fruits & Vegetables, Bakery, Beverage, Confectionery, Others), By Type (Motor Controls, Motors & Generators, Rotary & Linear Products, Discrete Controller Systems & Visualization, Others and Regional Market Size, Status and Forecast to 2025
Market Overview:
The Global Food Automation Market was valued at USD 8.31 billion in 2016 and is projected to reach USD 14.89 billion by 2025, growing at a CAGR of 6.7% from 2017 to 2025.
The changing consumer habits coupled with growing demand for ready to eat and processed foods is driving the demand for food automation market. The demand is expected to remain high in Asia Pacific owing to changing demographics and rising disposable income.
Market Dynamics:
1. Market Drivers
1.1 Hard and Fast international food safety regulations
1.2 Better technology in automation process.
2. Market Restraints
2.1 Level of investment is very high.
Market Segmentation:
The Food Automation Market is segmented on the basis of Function, Application, Type And Region.
1. By Function:
1.1 Processing
1.2 Sorting & Grading
1.3 Picking & Placing
1.4 Packaging & Re-Packaging
1.5 Palletizing
1.6 Other Functions
2. By Application:
2.1 Meat, Poultry, and Seafood
2.2 Dairy
2.3 Fruits & Vegetables
2.4 Bakery
2.5 Beverage
2.6 Confectionery
2.7 Others
3. By Type:
3.1 Motor Controls
3.2 Motors & Generators
3.3 Rotary & Linear Products
3.4 Discrete Controller Systems & Visualization
3.5 Others
4. By Region:
4.1 North America
4.2 Asia Pacific
4.3 Europe
4.4 Rest of the World
Competitive Landscape:
The major players in the market are as follows:
1. Nord Drivesystems
2. Rexnord Corporation
3. Fortive Corporation
4. Schneider Electric SE
5. Siemens AG
6. ABB Ltd
7. Mitsubishi Electric Corporation
8. Rockwell Automation, Inc
9. Yokogawa Electric Corporation
10. GEA Group
11. Yaskawa Electric Corporation
12. Emerson Electric Co.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on Food Automation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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