Food Automation Market by Type, Function, Application, and Region - Global Forecast to 2022
NEW YORK, Aug. 3, 2017 /PRNewswire/ -- "The food automation market is projected to grow at a CAGR of 6.90%."
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.
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"Discrete controllers & visualization is projected be the fastest-growing type for food automation during the forecast period"
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
"Packaging & repackaging is projected be the fastest-growing function for food automation during the forecast period"
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.
"Asia-Pacific is projected be the fastest-growing region for food automation during the forecast period"
Asia-Pacific is projected to be the fastest-growing region from 2017 to 2022 due to its large market base for the food & beverage industry; the improved standard of living due to the rise in income levels, and growing number of manufacturer in the region. The food & beverage market in the Asia-Pacific region is currently undergoing a transformation in response to rapid urbanization, diet diversification, and the liberalization of foreign direct investment in the food sector.
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%
*Others include sales managers, marketing managers, and product managers.
Leading players profiled in this report are as follows:
• Rockwell Automation, Inc. (U.S.)
• Siemens AG (Germany)
• ABB Ltd (Switzerland)
• Mitsubishi Electric Corporation (Japan)
• Schneider Electric SE (France)
• Yokogawa Electric Corporation (Japan)
• GEA Group (Germany)
• Fortive Corporation (U.S.)
• Yaskawa Electric Corporation (Japan)
• Rexnord Corporation (U.S.)
• Emerson Electric C. (U.S.)
• Nord Drivesystems (Germany)
Study Coverage:
The food automation market has been segmented on the basis of type, function, and application, which are further divided into their subsegments. 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.
Reasons to Buy this Report:
• To get a comprehensive overview of the global food automation market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by the players
• To gain insights about country- and region-based market trends and growth prospects in the food automation market
Read the full report: http://www.reportlinker.com/p05043160/Food-Automation-Market-by-Type-Function-Application-and-Region-Global-Forecast-to.html
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