ABB, Siemens, and Honeywell are three key vendors highlighted in a new Technavio report
London, 08 October 2015 – Technavio has published a new report on the global industrial automation market in food and beverage industry, which is expected to grow at a CAGR of over 9% from 2015-2019.
Industrial automation in food and beverage industry market segmentation including product and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different products, including DCS, PLC, SCADA, and MES.
Additionally, analysts have segmented market projections by key geography, focusing on the Americas, the EMEA, and the APAC region.
“The F&B industry must adhere to a number of regulations from agencies such as the FDA and FSSAI in regards to food safety and security. Moreover, concerns pertaining to the environmental footprint of companies in the F&B industry have risen, compelling them to incorporate automation systems into their production processes,” says Faisal Ghaus, Vice President of Technavio.
Industrial automation market in food and beverage industry: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global industrial automation market in food and beverage industry from 2015-2019. To calculate the market size, it considers revenue generated from sales of industrial automation products such as DCS, PLC, SCADA, and MES.
Industry analysis includes:
Key Vendors:
- ABB
- Siemens
- Honeywell
- Yokogawa
- Schneider
Market Growth Drivers:
- Need for food traceability and safety
- Need to optimize CIP process in F&B industry
Market Challenges:
- Lack of skilled workers
- Difficulties in choosing automation systems
Market Trends:
- Strict regulations associated with product safety and quality
- Economic growth in developing countries
View the global industrial automation market in food and beverage industry report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
