According to the current analysis of Reports and Data, the global Food Automation market valued at USD 9.08 Billion in 2018 and is expected to reach USD 15.78 Billion by the year 2026, at a CAGR of 7.1%. Automation has now become a necessity in the food and beverage (F&B) industry to maintain quality, to enhance production speed, to cooperate with the labor shortage. Rising demand for food automation due to rapid industrialization and urbanization is driving growth for the market. Moreover, the expansion of the food and packaging industry is expected to support industrial growth. Stringent government regulations regarding food safety are boosting demand for automation to maintain the quality of the product and efficiency of the food manufacturing process.
The key market players are focusing on various strategies such as mergers, partnerships, acquisitions, and new product launches to maintain their position. For instance, in 2016, CTB acquired a majority share in Cabinplant, a global provider of tailor-made processing solutions for the F&B industry. In November 2017, researchers at Harpers Adams University in the United Kingdom completed the Hands-Free Hectare project, during which nearly five tons of spring barley was successfully planted, tended, and harvested by autonomous vehicles and drones.
North America accounted for a share of 25.6% of the industry in 2018 and is projected to grow significantly in the forecast period. The presence of key players including Rockwell Automation, Inc., Fortive Corporation, Emerson Electric Co. and Rexnord Corporation to name a few is likely to influence growth. In addition, regulatory support through acts such as the FDA Food Safety Modernization Act (FSMA) is also expected to create growth opportunities.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2050
Key participants include
Rockwell Automation, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric and Nord DriveSystems.
Further key findings from the report suggest
The market is expanding at a CAGR of 8% in Asia Pacific due to expansion of food and manufacturing industry in the region.
The packaging and repackaging segment is expected to register the highest CAGR of 7.7% during 2019-2026. The packaging industry requires precise automation and material handling to meet global demand reliably. Automation in packaging would ensure improved reliability, faster installation and improved energy efficiency.
Based on application, beverages are expected to dominate the sector. The beverage production process is a complex process and requires constant advancements. Integration of computerized solution in beverage production processes is expected to support the growth of segment,
The increasing importance of motors in motion control applications involving high torque applications and high-pressure wash-down with precise motion control has significantly enhanced their overall functionality. The efficient and smooth functioning of the systems is encouraged by using generators in the F&B industry. It is also supported by the rising awareness about the efficient energy management advantages of generators.
The scarcity of skilled resources to operate and maintain the machines and huge investment in research and development pose a barrier for this market. Additionally, the high cost of capital is likely to hinder growth during the forecast period
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2050
For this report, Reports and Data have segmented into the global Food Automation market on the basis of resin type, composite phases, industry vertical, and region:
Type (Revenue, USD Million; 2016–2026)
Discrete controllers & visualization
rotary & linear products
Function Type (Revenue, USD Million; 2016–2026)
Packaging & Repackaging
Sorting & Grading
Picking & Placing
Application (Revenue, USD Million; 2016–2026)
Fruit & vegetable
Meat, poultry, and seafood
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Asia Pacific
- Latin America
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2050
Have a Look at Related Reports:
Control Choke Valves Market, By Type (Fixed Choke Valves, Adjustable Choke Valves), By Design (Angle Valves, Globe Valves, Butterfly Valves, Diaphragm Valves, Plug Valves, Ball Valves, Others), By Component (Valve Body, Actuators, Others), By Material (Stainless Steel, Cast Iron, Alloy-based, Cryogenic, Others), By End-use Industry (Oil & Gas, Energy & Power, Water & Wastewater Treatment, Buildings & Construction, Pharmaceutical, Chemical, Others), and By Region Forecast to 2028
Low Pressure Vacuum Carburizing Furnaces Market Size, Share & Analysis, By Type (Single Chamber, Double Chamber, Multi Chamber), By Application (Automotive, Tool and Die, Others), And By Region, And Forecast To 2028
Rubber Expansion Joints Market Size, Share & Analysis, By Structure (Universal, Axial, Lateral, Others), Application (Building & Construction, Waterworks, Industrial Piping, Oil & Gas, Power, Others), And By Region, Forecast To 2028
Soil Testing Equipment Market Size, Share & Analysis, By Type of Tests (Physical, Residual, Chemical), Degree of Automation (Automatic, Manual), By Site (On-site, Lab), By End-use Industry (Agriculture, Construction, Others), And By Region, Forecast To 2028
Hydraulic Cylinders Market Size, Share & Analysis, By Function (Single Acting Cylinders, Double Acting Cylinders), By Design (Tie-rod Cylinders, Welded Cylinders), By Bore Size (Less than 50 mm, 51 mm to 100 mm, 101 mm to 150 mm, And Greater Than 151 Mm), And By Region, Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Purushottam Raj Gaurav is part of a talented team of content writers working at Emergen Research, fastest growing market research firms in the industry. He has experience in developing quality content and is currently involved in writing articles, press releases, and blogs for the company. He is highly motivated and enjoys putting ideas and thoughts into words to enable the reader to experience a seamless perusal.