Global Food Automation Market is Expected to Foresee Significant Growth During the Forecast Period. The Asia-Pacific to Witness the Highest Growth
- Vikas Kumar
- May 17, 2022
- CONSUMER GOODS, NEWS
- Food Automation Market, Food Automation Market News, Food Automation Market Report, Food Automation Market Share, Food Automation Market Size, Food Automation Market Trend
- 0 Comments
The global food automation market is expected to grow significantly by 2027 expanding at a CAGR of more than 6% during the forecast period (2021-2027).
Automation is an integral part of industries including the food and beverage industry. Automation automates tasks and enhances productivity. Therefore, a tend deployment of food robots has been witnessed in past few years. As per International Robotics Federation, approximately 1.3 million industrial robots were installed around the world between 2015 and 2018. Moreover, food industry manufacturers have recorded an increase in productivity of +25% after employing robotics as compared to the work done by a human chain. Furthermore, most of the food processing industry requires product variation but without making the change in the processing line or fiddling with hardware. The association for Packaging and Processing Technologies has shown that almost 33% of food processing operations already use automation in their facilities. Another survey carried out by the organization revealed that 94% of food packaging operations were already using robotics in 2018.
For a detailed analysis of Food Automation browse through https://univdatos.com/report/food-automation-market/
A growing shortage of skilled labor force in the food and beverage company is a challenge that is increasing the requirement for food automation and the deployment of robots in food manufacturing operations is on the rise. Association of Labor Providers found that 70% of food and beverage manufacturing companies were suffering from a shortage of low and unskilled labor in 2018. Automations have been seen as a solution to such shortages. Also, automation, leveraging artificial intelligence, and other technologies have opened ample opportunities in various industrial verticals including of food sector. It has been estimated that in 2018, around 57% of 1,300 institutions have adopted artificial intelligence while around 18% were planning to enter the respective arena in 2019. The ability to deliver faster service, increased flexibility, and scalability, improved quality coupled with greater traceability, and increased savings and productivity have enhanced the adoption of automation in the food sector.
Moreover, the growing adoption of AI and ML in the food processing industries is also contributing to the growth of the market. AI and ML have emerged as a prerogative for huge global companies due to their price. As per a consulting firm, AI-related investments have grown by about 300% in 2017, with businesses becoming more competitive by 2020. The technology is expected to increase the benefit by US$1.2 trillion per year. By 2021, over 80% of all the prospective customers’ interactions would be managed and handled by AI solutions
For a detailed analysis of the market drivers in Food Automation browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=20053
Based on the type, the market is fragmented into Motor Controls, Discrete controllers & visualization, Rotary products, and others. The motor control segment grabbed XX% market share in 2020 and captured USD XX Mn market in 2020. To achieve higher demands in terms of dynamic behavior and precision, industrial automation heavily relies on motor control.
Based on the application, the market is fragmented into Processing, Packaging & Repackaging, Palletizing, Sorting & Grading, and others. The Palletizing segment captured XX% Market share in 2020. The availability of robotics and sensor-based solutions that increase efficiency and reduce frequent faults is contributing to the market growth of this particular segment.
For a detailed analysis of the Region in Food Automation browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=20053
Additionally, the report provides detailed initiatives that are being taken in the field of Food automation. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and the Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and the Rest of APAC), Rest of World has been conducted. Asia Pacific region grabbed XX% market and captured USD XX Mn market share in 2020. Surging disposable income, growing demand for ready-to-eat food, etc., are leading to the growth of the market. However, the North America region would witness a considerable CAGR during the forthcoming years.
Global Food Automation Market Segmentation
Market Insight, by Type
- Motor Controls
- Discrete controllers & visualization
- Rotary products
Market Insight, by Application
- Packaging & Repackaging
- Sorting & Grading
Market Insight, by End-User
- Fruit & vegetable
- Meat, poultry, and seafood
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Rockwell Automation, Inc.
- Siemens AG
- ABB Ltd
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Yokogawa Electric Corporation
- GEA Group
- Fortive Corporation
- Yaskawa Electric Corporation
- Rexnord Corporation