Press release
Future Outlook of Food Automation Market Poised to Achieve CAGR of 8.4% By 2025 – Mitsubishi Electric, ABB, Rockwell Automation, Schneider Electric SE
Food Automation Market
Global Food Automation Market Overview:
The Global Food Automation Market is esteemed at around USD 118.8 Billion in 2018 and is foreseen to develop with a solid development rate of over 8.4% over the conjecture time frame 2018-2025.
According to the market research report, 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.
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The Global Food Automation Market is segmented on the basis of 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.
On the basis of application segment, the food automation market is segmented into bakery, beverages, confectionary, dairy, Fruits and vegetables, poultry and others. The beverages segment is on surging trend in the global scenario. The same segment holds the leading position in the food automation market. Beverages segment is expected to be valued at USD 4368.7 million (in 2025) in terms of revenue.
In terms of the regional analysis, North America food automation market includes United States and Canada for analysis. In the United States, According to Food and Drug Administration, the FDA has stated that the food production in the United States should be done through scientific, risk based and hazard analysis approach as it is mandatory to verify the food importer information. According to Food and Agriculture organization, United States is the second leading country in terms of per capita food consumption globally. According to Food and Agriculture Organization, The United States per capita food consumption accounted for 3750 Kilocalories in the year 2016 as compared to 3430 kilocalories in the year 2015.
Top Leading Key in Players Global Food Automation Market: Mitsubishi Electric Corporation, ABB Ltd, Rockwell Automation, Schneider Electric SE, GEA Group, Nord Drive systems and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
With the presence of a large pool of participants, the Global Food Automation Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Mitsubishi Electric Corporation, ABB Ltd, Rockwell Automation, Schneider Electric SE, GEA Group, Nord Drive systems are some of the key vendors of Food Automation across the world. These players across Food Automation Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Region segment: Food Automation Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Food Automation in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
This study answers to the below key questions:
1 What will the market size be in 2025?
2 What are the key factors driving the Global Food Automation Market?
3 What are the challenges to market growth?
4 Who are the key players in the Food Automation Market?
5 What are the market opportunities and threats faced by the key players?
Purchase this report online with 200 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Food Automation Market Report 2019” @ https://www.businessindustryreports.com/buy-now/157792/single .
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Food Automation Market.
Major Points in Table of Contents:
Global Food Automation Market Report 2019
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2016-2025 (USD Million)
1.3 Estimation Methodology
1.4 Research Assumption
2 Global Food Automation Market Definition & Scope
2.1 Objective of The Study
2.2 Market Definition
2.3 Years Considered for The Study
2.4 Currency Conversion Rates
3 Global Food Automation Market Dynamics
3.1 Food Automation Market Impact Analysis (2015-2015)
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