Food Automation Market 2020 Competition Landscape 2026 | Rockwell Automation, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, etc.

Market Size - USD 9089.0 Million in 2018, Market Growth - CAGR of 7.1%, Market Trends - Technological advancements and the stringent food safety regulations.

According to the current analysis of Reports and Data, the global Food Automation market valued at USD 9.08 Billion in 2018 and is expected to reach USD 15.78 Billion by the year 2026, at a CAGR of 7.1%. Automation has now become a necessity in the food and beverage (F&B) industry to maintain quality, to enhance production speed, to cooperate with the labor shortage. Rising demand for food automation due to rapid industrialization and urbanization is driving growth for the market.

Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sample-enquiry-form/2050

Key participants include Rockwell Automation, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric and Nord DriveSystems. ABB Ltd. is a Swiss-Swedish multinational corporation headquartered in Zurich, Switzerland. The robots manufactured by the company are designed and built to suit all aspects of processes within food and beverage sector.

For the purpose of this study, Reports and Data have segmented the Food Automation market on the basis of type, function type, application, and region:

Type (Revenue, USD Million; 2016-2026)
Motor Controls
Discrete controllers & visualization
rotary & linear products

Function Type (Revenue, USD Million; 2016-2026)
Processing
Packaging & Repackaging
Palletizing
Sorting & Grading
Picking & Placing
Others

Application (Revenue, USD Million; 2016-2026)
Dairy
Bakery
Confectionery
Fruit & vegetable
Meat, poultry, and seafood
Beverages

End Use (Revenue, USD Million; 2016-2026)
Hospital
Clinic
Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America
Europe
Asia Pacific
Rest of Asia-Pacific
Middle East & Africa
Latin America

Avail this report at Attractive Discount rates! Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/2050

Moreover, the expansion of the food and packaging industry is expected to support industrial growth. Stringent government regulations regarding food safety are boosting demand for automation to maintain the quality of the product and efficiency of the food manufacturing process.

The key market players are focusing on various strategies such as mergers, partnerships, acquisitions, and new product launches to maintain their position. For instance, in 2016, CTB acquired a majority share in Cabinplant, a global provider of tailor-made processing solutions for the F&B industry. In November 2017, researchers at Harpers Adams University in the United Kingdom completed the Hands-Free Hectare project, during which nearly five tons of spring barley was successfully planted, tended, and harvested by autonomous vehicles and drones.

North America accounted for a share of 25.6% of the industry in 2018 and is projected to grow significantly in the forecast period. The presence of key players including Rockwell Automation, Inc., Fortive Corporation, Emerson Electric Co. and Rexnord Corporation to name a few is likely to influence growth. In addition, regulatory support through acts such as the FDA Food Safety Modernization Act (FSMA) is also expected to create growth opportunities.

Further key findings from the report suggest

The market is expanding at a CAGR of 8% in Asia Pacific due to expansion of food and manufacturing industry in the region.

The increasing importance of motors in motion control applications involving high torque applications and high-pressure wash-down with precise motion control has significantly enhanced their overall functionality. The efficient and smooth functioning of the systems is encouraged by using generators in the F&B industry. It is also supported by the rising awareness about the efficient energy management advantages of generators.

The scarcity of skilled resources to operate and maintain the machines and huge investment in research and development pose a barrier for this market. Additionally, the high cost of capital is likely to hinder growth during the forecast period

The packaging and repackaging segment is expected to register the highest CAGR of 7.7% during 2019-2026. The packaging industry requires precise automation and material handling to meet global demand reliably. Automation in packaging would ensure improved reliability, faster installation and improved energy efficiency.

Based on application, beverages are expected to dominate the sector. The beverage production process is a complex process and requires constant advancements. Integration of computerized solution in beverage production processes is expected to support the growth of segment.

Read the Comprehensive Report with a meticulous TOC and panoramic coverage of the market @ https://www.reportsanddata.com/report-detail/food-automation-market

The report emphasizes the following key questions

Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?

In conclusion, the Food Automation Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

Contact Us:
Reports And Data
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision.

This release was published on openPR.