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Food Automation - Global Market Trajectory & Analytics

  • ID: 4804880
  • Report
  • April 2021
  • Region: Global
  • 242 pages
  • Global Industry Analysts, Inc
Global Food Automation Market to Reach $14.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Food Automation estimated at US$9.7 Billion in the year 2020, is projected to reach a revised size of US$14.2 Billion by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027. Motors & Generators, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$6.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Discrete Controllers & Visualization segment is readjusted to a revised 6.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 5.1% CAGR

The Food Automation market in the U.S. is estimated at US$2.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Rotary & Linear Products Segment to Record 5% CAGR

In the global Rotary & Linear Products segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2027.

Select Competitors (Total 41 Featured):
  • ABB Ltd.
  • Emerson Electric Company
  • Fortive Corporation
  • GEA Group AG
  • Mitsubishi Electric Corporation
  • Rexnord Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SA
  • Siemens AG
  • Yaskawa Electric Corporation
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • The Growing Need for Automation in the Food Industry
  • Food Companies Prioritize Automation at Plants to Stay competitive
  • Preventive Maintenance Drives Adoption of IIoT
  • Use of Artificial Intelligence on Rise in Food and Beverage Industry
  • Companies Focus on Automation of Process Control for Largely Manual Processes
  • Flexibility Recognized as an Important Requirement in Food Automation
  • Machine Innovations in Food Manufacturing
III. MARKET ANALYSIS
  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Rise in Adoption of Automation in Food Industry
  • Automation Picks up Pace
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Rest of Europe
  • Active Players in Asia-Pacific
  • Active Players in Rest of World
IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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