According to Goldstein Research, global food automation market is expected to reach USD 13.6 billion by 2024, growing at a CAGR of 7.40% over the forecast period 2016-2024. Growing importance on product quality and lean manufacturing, rising demand for scalability and increasing innovations for interoperability between machinery, sensors, controllers, drives and other equipment are driving the demand for automation in the food sector.
Global food automation market segmentation has been done on the basis of product type, function, application, and geography. High operational & labour cost and low productivity are increasing the requirement for the use of robots in the food & beverage sector. Implementation of robots resulted in nearly 48% of capital savings and automation in food increased production by 30% in 2016. Huge demands of processed food with a growing number of manufacturers in Europe are accelerating the growth of food automation market in the region.
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Market Segmentation
On the basis of our in-depth analysis, Global Food Automation Market can be segmented as follows:
Based on Product Type
• Motor Controls
• Rotary Products
• Linear Products
• Motors & Generators
• Discrete Controllers & Visualization
Based on Function
• Palletizing
• Processing
• Sorting & Grading
• Packaging & Repackaging
• Picking & Placing
Based on Application
• Bakery & Confectionary
• Beverages
• Fruit & Vegetables
• Dairy
• Meat, Poultry & Seafood
By Region
• North America Food Automation Market Analysis, 2016-2024
• Europe Food Automation Market Analysis, 2016-2024
• The Middle East And Africa Food Automation Market Analysis, 2016-2024
• Latin America Food Automation Market Analysis, 2016-2024
• Asia Pacific Food Automation Market Analysis, 2016-2024
• Rest Of The World Food Automation Market Analysis, 2016-2024
Food Automation Market report by Goldstein Research contains a detailed overview of the global food automation market. The report highlight the competitive outlook of major global players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of food automation market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the global food automation market discussed in the report are: Rockwell Automation, Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Yokogawa Electric Corporation, GEA Group, Forgive Corporation, Yaskawa Electric Corporation, Rexnord Corporation, Emerson Electric Co., Nord Drivesystems, Henan ChengliGrain&Oil Machinery Co., Ltd., TaizhouZhongda Environmental Protection Equipment Co., Ltd., Dongguan CosoElectronic Technology Co., Ltd., Keb Automation Kg, Hollysys Automation Technologies Ltd., Horner APG LLC, Festo AG & Co. Kg, Elwood Corporation, Copa-Data GmbH, Ametek Inc., Honeywell International, General Electric, etc.
Further, Global Food Automation Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Food Automation Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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