Global Food Automation Market Projected to reach at a 7% CAGR By 2026: Facts & Factors
New York, United States – A new insightful report titled “Food Automation Market Size & Share 2021 by Key Players, Segments, Forecast to 2026” has recently been published by Facts and Factors to its vast database which helps to shape the future of the businesses by making well-informed business decisions. It provides a detailed analysis of various business aspects such as recent technological advancements, market size, shares, new innovations, COVID-19 impact analysis impacts, global market trends. Furthermore, data exploration approaches such as primary and secondary research were used to compile this analytical data. Moreover, an expert research team sheds light on both static and dynamic aspects of the Food Automation market.
According to a study, the global Food Automation Market size is projected to reach a CAGR of 7% by 2026.
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Our Free Sample Report Includes:
- Report Updated for 2021 Introduction, high-level overview, and in-depth analysis of the industry
- Impact Analysis of the COVID-19 Pandemic Included
- 205+ Pages Research Report (Inclusion of Updated Research)
- On request, provide chapter-by-chapter assistance
- 2021 Regional Analysis Updated with Graphical Representation of Size, Share, and Trends
- Tables and figures have been updated
- Methodology of Facts and Factors research
(Note: Before delivery, the sample of this report is updated with COVID-19 impact analysis.)
The research includes an in-depth analysis of the market’s top players, along with their business overviews, expansion plans, and strategies.
The key industry players profiles are listed in this report:
- Rockwell Automation Inc.
- Yokogawa Electric Corporation
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- ABB Ltd
- GEA Group
- Yaskawa Electric Corporation
- Rexnord Corporation
- Emerson Electric Co.
- Fortive Corporation
- Nord Drivesystems
For industry participants, the Food Automation Market research provides an in-depth overview of Distinct Trends, Growth Drivers, Upcoming Challenges, and Opportunities in order to fully understand the landscape of the Food Automation market. Market Share, Sales, Capacity, Stock Determinations and Figures, Contact Information, Production, Price, Cost, Revenue, and Business Profiles are all included inside the research. The Food Automation industry report’s major goal is to provide key insights on Competition Positioning, Current Trends, Market Potential, Growth Rates, and other relevant statistics.
The food automation market growth is projected to bolster due to the rising consumer preferences for processed and ready-to-eat foods and growing technological advancements in automation. Moreover, the stringent international food safety regulations brought into effect by the regulatory bodies are also likely to augment the expansion of the food automation market. The growing adoption of automated & management solutions in the food & beverage industry to limit human intervention to limit chances of contamination or spread of the virus is projected to drive the market during the forecast period. Moreover, the advantages such as labor & time saving and high efficiency for plant & enterprise-level control solutions will bolster the market.
Additionally, the growing investments in food automated solutions such as robotics and interconnected solutions for lowering labor-intensive processes will help in high productivity and quality. The changing consumer behavior and need for automated solutions for quality & productivity maintenance are other factors propelling the food automation market. However, slow investments by players, high requirement of investments in R&D activities, lack of awareness regarding food automated solutions, demand for skilled professionals, and variabilities in food products or processes are major factors behind the market restraint.
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Food Automation Market Report Scope:
|Report Attributes||Report Details|
|Report Name||Food Automation Market Research Report|
|Segments Covered||By Type, By Function, By Application, and Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: U.K, Spain, France, Germany, Italy, Russia, Rest of Europe
APAC: India, South Korea, China, Australia, Japan, South East Asia, Rest of Asia Pacific
Latin America: Argentina, Brazil, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Forecast Year||2021 – 2026|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Company Profiles, and Emerging Trends|
|Customization Available||Yes, Free report customization can be made as per specific requirements.|
Key Segment Analysis:
The global food automation market is segmented based on type, function, application, and region.
Based on type, the global food automation market is classified into rotary and linear products, discrete controller systems & visualization, motor controls, motors & generators, and others. The motors & generators segment accounts for the largest market share due to its multi-functional nature and demand for motor control applications. Additionally, the growing need for smooth & effective functioning and precision in the food industry is a significant factor bolstering the segment growth. The awareness regarding efficient energy management also propels the market. By function, the market is divided into sorting & grading, packaging & re-packaging, processing, pickling & placing, palletizing, and others.
The palletizing & depalletizing segment is estimated to hold the largest market share due to growing awareness about robotics and sensor-based solutions for improving efficiency and lowering errors. On the basis of application, the food automation market is categorized into the beverage, bakery, dairy, fruits & vegetables, confectionery, meat, poultry & seafood, and others. The beverage segment is anticipated to grow faster owing to the advancements in the digitization of beverage manufacturing and the adoption of ERP and SCADA solutions for better product quality.
Geographic Segment Covered in the Report:
The Food Automation report offers information about the market area, which is segmented into sub-regions and countries/regions. This chapter of the report includes information on profit prospects in addition to market share in each country and sub-region. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the projected timeline.
- North America (the USA and Canada)
- Europe (UK, Germany, France, and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- The Middle East and Africa (GCC and rest of the Middle East and Africa)
Key questions answered in the report:
- What is the Food Automation market’s growth potential?
- Which segment will be the most popular?
- In the coming years, which regional market will emerge as a leader?
- Which segment is expected to expand the most?
- What prospects for growth do you think the Food Automation industry will have in the future?
- What are the most significant future obstacles that the Food Automation market might face?
- What are the top firms in the Food Automation industry?
- What are the primary trends that are influencing the market’s growth in a positive way?
- What growth plans are the players contemplating in order to remain competitive in the market?
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