Food automation market was valued at USD 8.22 Billion in 2016. It is projected to grow at a CAGR of 6% from 2017, to reach 12.26 Billion by 2027.
The food industry has witnessed relatively stable developments in implementing new technologies in factory automation. The rapid development of the IoT and strong prospects from consumers and governance agencies for improving food quality and safety have forced the food industry to implement automation of most industrial processes.
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The key players in this market include Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), and Schneider Electric SE (France). Other players include Yokogawa Electric Corporation (Japan),
On the basis of Type,
- Motors & generators
- Motor controls
- Discrete controllers & visualization
- Rotary products
- Linear products
- Others
On the basis of Application,
- Dairy
- Bakery
- Confectionery
- Fruit & vegetable
- Meat, poultry, and seafood
- Beverages
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Scope of the Report
The research study analyzes the global Food Automation industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Food Automation Market Report
1. What was the Food Automation Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Food Automation Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Food Automation Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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