Press release
Food Automation Market 2022 Global Insights and Technology Advancement – ABB Ltd., Rockwell Automation Inc., GEA Group AG, Siemens AG
Market Insights Reports has added new statistical data to its repository titled as, Global Food Automation Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Food Automation market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.The food packaging market is expected to register a CAGR of over 6% over the forecast period (2021 - 2026).
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Top Key Players in the Global Food Automation Market is ABB Ltd., Rockwell Automation Inc., GEA Group AG, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Yaskawa Electric Corporation, Yokogawa Electric Corporation, NORD Drivesystems, Rexnord Corporation, and others.
Industry News and Update:
- February 2019 - Emerson announced that it has completed the purchase of Intelligent Platforms from General Electric. The addition of Intelligent Platforms programmable logic controller technologies will enable Emerson, one of the leaders in automation for process and industrial customers, to expand its capabilities in machine control and discrete applications. With this expansion, the company is growing opportunities across process and discrete industries as well as hybrid markets such as metals and mining, food and beverage, life sciences, and packaging.
- July 2018 - Rockwell Automation and PTC, Inc. announced that they have entered into a strategic partnership that is expected to accelerate growth for both the companies and enable them to be the partner of choice for customers who want to transform their physical operations with digital technology.
Key Market Trends:
Motors & Generators Type is Expected to Hold the Significant Share
- The motors used in the food and beverage industry have demanding requirements in segments such as meat, dairy and baking goods, poultry and fish, as well as within applications such as mixers, grinders, and conveyors. It is also necessary that machines operate without fault, for longer and at the highest possible level of energy efficiency throughout their lifespan.
- The growing significance of motors in motion control applications involving high-pressure wash-down and high torque applications with precise motion control has greatly improved their functionality. Generators ensure smooth and efficient functioning of systems in the food industry.
- A company such as ABB Ltd. provide motors which help to run food and beverage applications, from raw material handling to processing and conveying, to packing and storage, without compromising on the standards demanded in the industry.
Asia-Pacific is Expected to Witness Highest Growth Rate
- Asia-Pacific is anticipated to witness the highest growth rate owing to the high growth of the Food & Beverage industry in the region. The region is witnessing tremendous growth for the food and beverage industry due to an increase in health awareness, disposable income, and urbanization. Due to this, many players of F&B are moving from manual to automation processing to increase the output and develop new products, which ultimately drives the growth of the market.
- For instance, according to the World Bank, the urbanization rate in China increased to 57.90% in the year 2017 from 51.89% in 2012. This has resulted in a growing demand for food and beverages and made China one of the largest food and beverage industry in the world.
- Similarly, in India allocation of the Ministry of Food Processing has been doubled from INR 715 crore in 2017-18 to INR 1400 crore in 2018-19.
- Moreover, a rising number of manufacturers operating in the F&B industry is anticipated to boost the market's growth positively over the forecast period. Growing adoption of automated technologies in production facilities also fuels the regional food automation market.
Full Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/02082592591/food-automation-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28
This Global Food Automation Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Global Food Automation market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
We Also Offer Customization on report based on specific client Requirement:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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