Global Food Automation Market is expected to reach USD 12.32 Billion by 2028, in value terms, growing at a CAGR of over 6% during 2023-2028 owing to increasing demand for processed food, growing technological advancements and increasing awareness about the efficient energy management. Based on type, the market has been categorised as Motors & Generators, Motor Controls, Discrete Controller Systems & Visualization and Rotary & Linear Products. In 2022, the motors & generators segment dominated the market due to growing demand for smooth and efficient functioning of the systems and the segment is expected to maintain its dominance over the next five years as well. The top players of the Food Automation market include Schneider Electric SE, Siemens AG, ABB Ltd and many more.
Some of the leading players in the Global Food Automation market are ABB Ltd, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Yaskawa Electric Corporation, GEA Group, Emerson Electric Co., Nord Drivesystems, Yokogawa Electric Corporation etc.
Objective of the Study
- To analyse and forecast the market size of Food Automation, in terms of value.
- To classify and forecast Global Food Automation based on type, packaging, application and regional distribution.
- To identify drivers and challenges for Global Food Automation.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Food Automation.
- To conduct the pricing analysis for Food Automation.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Food Automation.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
Market insights research calculated the market size of Global
Key Target Audience
- Food Automation Manufacturers
- Raw material manufacturers and suppliers
- Dealers/Distributors
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
