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Food Automation Market Growth, Trends, Absolute Opportunity and Value Chain 2018 to 2023

 



(Entertainment-NewsWire.com, September 05, 2018 ) Food Automation market size will grow from USD 8.30 Billion in 2017 to USD 12.49 Billion by 2023, at an estimated CAGR of 7.04%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

The growth of this market can be attributed to the inclination of consumers towards processed and ready to eat foods, technological advancements in automation and stringent international food safety regulations. The motors & generators segment, on the basis of various types, accounted for the largest market share in 2017. The motors & generators segment is mainly driven by their multi-functional nature. The increasing significance of motors in motion control applications involving high-pressure wash-down and high torque applications with precise motion control has greatly enhanced their functionality. Smooth and efficient functioning of systems is promoted by using generators in the food industry. It is also coupled with the increasing awareness about the efficient energy management benefits of generators. The discrete controllers & visualization segment, on the basis of type, accounted for the second highest market share in 2017 owing to its comprehensive nature to offer integrated and flexible production options to manufacturers.

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Market Segments:

· By Market Players: Mitsubishi Electric Corporation , ABB Ltd , Rockwell Automation, Inc. , Siemens AG , Yokogawa Electric Corporation , Schneider Electric SE , GEA Group , Fortive Corporation , Yaskawa Electric Corporation , Rexnord Corporation , Emerson Electric Co. , Nord Drivesystems

· By Type: Motors & Generators , Motor Controls , Discrete Controller Systems & Visualization , Rotary & Linear Products , Others

· By Function: Packaging & Re-Packaging , Palletizing , Sorting & Grading , Picking & Placing , Processing

· By Application: Dairy , Bakery , Beverage , Confectionery , Fruits & Vegetables

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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· To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

· Assess the production processes, major issues, and solutions to mitigate the development risk.

· To understand the most affecting driving and restraining forces in the market and its impact in the global market.

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· To understand the future outlook and prospects for the market.

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