Food Automation Market Set for Rapid Growth, To Reach CAGR of Over 8.4% by 2025 | Key Players - Mitsubishi Electric Corporation, ABB Ltd, Rockwell Automation, Schneider Electric SE

Global food automation market is valued at approximately USD 118.8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2018-2025. Automation is the usage of control systems aimed at functioning of different machineries and equipment without human interference. Growing demand for production, profitability and superiority in food industry adoption of automation is increasing. Also, the automation in food industry promotes better quality control and better-quality assurance. Hence, automation is extremely critical for food industry as it matches with the environmental regulatory agencies and food safety terms. Furthermore, rising demand for automation in food sector is key trend for the industrial automation and process control industry. Advancements in food automation have transformed the performance for various food sectors. However, high initial investment related with installation of such equipment is major factor that impede the growth the market over the forecast period of 2018-2025.

Top Companies Covered in this Report:
Mitsubishi Electric Corporation, ABB Ltd, Rockwell Automation, Schneider Electric SE, GEA Group, Nord Drivesystems,

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On the basis of segmentation, the food automation market is segmented into Product and Application. On the basis of product segment, the food automation market is segmented into discrete controller and visualization, generators and motors, linear and rotary products, motor controls and others. The Generators and Motors segment is on surging trend in the global scenario. The same segment holds the leading position in the food automation market. The Generators and Motors segment is expected to be valued at USD 5151.9 million in terms of revenue (in 2025). Food manufacturers need to become more flexible and agile to satisfy the increasing and changing requirements of consumers and retailers. Food automation products is gaining traction globally as it simplifies the food wrapping process, which includes sorting, packaging and food management processes. High adoption of automation in food industry is observed owing to the increasing demand for productivity, quality and profitability.

Using automation, food manufacturers can use various products such machine vision systems in order to measure some aspects of the outcomes of the manufacturing process (such as texture, shape, size and location) that is indicative of the efficiency, quality and accuracy of the process. The measures parameters can be used as a feedback in real time control loop which optimizes process through variations in process parameters (such as temperature, speed and flow rate). Increasing necessity to overcome challenges of sustaining the product quality and safety coupled with the need to maintain effective and smooth functioning of systems is anticipated to foster the growth of the food automation products.

Major Types of Food Automation covered are:
Discrete Controller and Visualization
Generators and Motors
Linear and Rotary Products
Motor Controls
Others

Major Applications of Food Automation covered are:
Bakery
Beverages
Confectionary
Dairy
Fruits and Vegetables
Poultry
Others

Among the product segment, generators and motors is gaining acceptance owing to the its inherent advantages such as help to run food industry applications, from raw material handling, to processing and conveying, to packaging and storing, without compromising on the standards required in the industry. Apart from this, discrete controller and visualization segment is expected to emerge as a fastest growing segment. Factors such as increasing demand for cost-effective and quality food products is anticipated to foster the growth of the segment over the forecast period.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Food Automation Market Size
2.2 Food Automation Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Food Automation Market Size by Manufacturers
3.2 Food Automation Key Players Head office and Area Served
3.3 Key Players Food Automation Product/Solution/Service
3.4 Date of Enter into Food Automation Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Food Automation Sales by Product
4.2 Global Food Automation Revenue by Product
4.3 Food Automation Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Food Automation Breakdown Data by End User

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In the last section of the report, the global Food Automation market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Food Automation Market.

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This release was published on openPR.