Global Food Automation Market is Expected to Reach USD 21.23 BN By Forecast Year 2028

September 27 17:06 2021
Global Food Automation Market is Expected to Reach USD 21.23 BN By Forecast Year 2028
Food Automation Market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Food Automation Market size is expected to grow from US $ 10.73 BN in 2020 to US $ 21.23 BN by 2028, at a CAGR of 8.9%.

The market report “Food Automation Market by Types (Discrete Controllers & Visualization, Linear products, Motor Controls, Motors & Generators and Rotary Products), Mode of Automations (Semi-Automatic and Fully-Automatic), Functions (Bio Packaging, Butchery, Packaging & Repackaging, Palletizing & Depalletizing, Picking & Placing, Processing and Sorting & Grading), Components (Enterprise-level Controls, Plant Instrumentation and Plant-level Controls), End Users (Dairy Processing, Beverages & Distilleries, Bakery & Confectionery, Oils & Fats, Meat, Poultry, Seafood Products and Fruits & Vegetables) and Region – Forecast to 2028”. The food automation market is growing at a CAGR of 8.9% by 2028, owing to the growth of global food & beverage industry.

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Based on component the enterprise-level control is estimated to grow at highest CAGR segment during the study period.On the basis of components, the market is categorised into enterprise-level controls, plant instrumentation, and plant-level controls. Enterprise-level Controls are estimated to be the fastest-growing market segment. The high application of enterprise-level control solutions is accredited to their operative management and production associated benefits. Enterprises in the food automation market are emerging food & beverages precise solutions to combine robotics, enterprise resource planning (ERP), and supervisory control & data acquisition (SCADA). These resolutions aid in maintaining food quality & safety and numerous cost-saving benefits for industrialized plants.

Based on end user, the beverages & distilleries segment is anticipated to grow faster during the forecast period.On the basis of end-user, the market is segmented into dairy processing, beverages & distilleries, bakery & confectionery, oils & fats, poultry, meat, seafood products fruits & vegetables. The beverages & distilleries segment is projected to grow fastest during the forecast period due to the fast computerization of beverage manufacturing worldwide and the acceptance of enterprise resource planning (ERP) and supervisory control & data acquisition (SCADA) solutions to preserve product quality.

Browse the complete report with 258 data tables and 43+ figures here: https://www.strategymrc.com/report/food-automation-market/toc 

By geography, Europe is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe experience dominating position in the food automation market. The food & drink industry is the biggest industrial sector with regards to employment and profit in european countries. The food & drink industry is one of the major and utmost economically significant in EU countries. To improve the competitiveness of the regional food sector the european commission is working and generating new trade opportunities for food and drink products, thus motivating automation solutions in the province. Besides, a high effort on maintaining quality and cleanliness additionally propel the acceptance of automation solutions in the province.

The key players in this market are Mitsubishi Electric Corporation, ABB Ltd, Rockwell Automation Inc, Siemens AG, Yokogawa Electric Corporation, Schneider Electric SE, GEA Group, Fortive Corporation, Yaskawa Electric Corporation, Rexnord Corporation, Emerson Electric Co., Nord Drivesystems, Copa-Data, Festo AG & Co and Elwood Corporation.

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