Press release
Food Automation Market Size - Industry Share Report 2022
Food Automation
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The global food automation market was valued at USD 8.22 billion in 2016 and is projected to reach a value of USD 12.26 billion by 2022, growing at a CAGR of 6.90%. The food automation market is driven by the increasing inclination of consumers towards processed and ready to eat foods, technological advancements in automation and stringent international food safety regulations. The requirement of high capital investment has been considered as the restraining factors for the market.
One of the major drivers for the growth of discrete controllers & visualization segment is contributed due to its comprehensive nature to offer integrated and flexible production options to manufacturers. Control and visualization systems provide smooth manufacturing operations through efficient control and management. Incorporating control systems provides manufacturers with increased productivity and quality by streamlining multiple processes in manufacturing plants. Greater coordination of plant processes is achieved by integrating factory automation with control and visualization tools
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One of the driver for growth of packaging & re-packaging segment is the growing food safety concerns among consumers. Automated packaging helps food manufacturers with their challenges of maintaining food safety/ hygiene and quality.
Break-up of Primaries:
• By Company Type –Tier 1- 35%, Tier 2- 45%, Tier 3- 20%
• By Designation –C level-25%, Directors-30%, Others*- 45%
• By Region – North America - 20%, Europe-25%, Asia-Pacific-45%, RoW- 10%
The food automation market has been segmented on the basis of type, function, and application, which are further divided into their sub segments. It has also been segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).In terms of insights, this research report has focused on various levels of analyses—industry analysis, company profiles of top players, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the food automation market, high-growth regions, countries, drivers, restraints, and opportunities.
Key Points From Table Of Content:
5 Market Overview
5.1 Introduction
5.2 Macro Indicators
5.2.1 Growth of the Global Food & Beverage Industry
5.2.2 Increasing Per Capita Food Consumption
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Technological Advancements in Automation
5.3.1.2 Stringent International Food Safety Regulations
5.3.2 Restraints
5.3.2.1 High Capital Investment Requirement
5.3.3 Opportunities
5.3.3.1 Demand for Advanced Machinery With High Productivity and Efficiency
5.3.4 Challenges
5.3.4.1 Difficulty in Training and Managing Labor
5.4 Value Chain Analysis
5.5 Regulatory Environment
11 Company Profiles
(Company Overview, Strength of Product Portfolio, Product Offerings, Business Strategy Excellence, Recent Developments)*
11.1 Mitsubishi Electric Corporation
11.2 ABB Ltd
11.3 Rockwell Automation, Inc.
11.4 Siemens AG
11.5 Yokogawa Electric Corporation
11.6 Schneider Electric SE
11.7 GEA Group
11.8 Fortive Corporation
11.9 Yaskawa Electric Corporation
11.10 Rexnord Corporation
11.11 Emerson Electric Co.
11.12 Nord Drivesystems
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