Food Automation Market Growth by Key Players: Beumer, Siemens, Schneider Electric, Mitsubishi Electric, Emerson Electric, Swisslog Holding, Kollmorgen and Rexnord
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. Additionally, implementation of different packaging machineries and robotics is anticipated to foster food automation market growth.
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According to the Union Budget 2017-2018, government of India has invested US$ 1.2 billion on dairy processing. Furthermore, Confederation of Indian Industry (CII) projected that nourishment processing sector in the country will attract USD 33 billion over the forecast timeframe.
However, requirement of high initial capital investment is expected to hamper food automation market growth. Small and medium scale industry players frequently experience shortage of adequate capital to install automated machineries in their factories, that in turn restraint manufacturers businesses.
On the basis of application, beverages are projected to dominate the segment. Increasing criticality in beverages production processes, constant advancements, and new product launches in are significantly supporting product penetration. Complete vertical integration of beverage production processes by adopting process computerized solutions along with value chain optimization will further propel industry size.
Based on function packaging & re-packaging is the fastest growing segment owing to health and safety concerns. Manufacturers are expected to invest progressively in technological developments including automated packaging systems. Increasing necessity to overcome challenges of sustaining product safety and quality will drive food automation market size.
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Asia Pacific is the fastest growing food automation market owing to rapidly expanding food & beverages industry in the region. Improved standard of living, rising disposable income and liberalization of foreign direct investment are key factors driving industry growth. In addition, increasing adoption of automated technologies in production facilities also drives regional food automation market.
Global food automation market is fragmented owing to several large and small industry players competing on the basis of price, distribution, service, promotion, quality, innovation and reputation. Growth opportunities of the players depend on the demographic trends and shifting consumer spending pattern. Penetrating competition makes the industry players to focus on offering innovative products to meet the consumers' demands.
Key market players include Beumer, Siemens, Schneider Electric, Mitsubishi Electric, Emerson Electric, Swisslog Holding, Kollmorgen and Rexnord. Other prominent participants are Yokogawa Electric, Fortive, Nord Drivesystems, Yaskawa Electric, GEA Group, ABB Group, Ametek, Horner APG, Frontmatec, Festo AG & Co. KG, Elwood Corporation, Copa-Data and Eaton.
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