It is also coupled with the increasing awareness about the efficient energy management benefits of generators aiding towards the market’s growth.Geography - Segment AnalysisIn 2019, theEuroperegiondominatedFood Automation Market in terms of revenue with a market share of 32%owing towards the increase of food automation.
Europe has technological advancements and increasing adoption of connected devices to promote the packaging procedures for the safety of goods products.
Government has taken initiatives to promote technological advancements in this region are key factors in the growth of the Food Automation market.Asia Pacific is estimated to record the fastest growth rate during the forecast period 2020-2025.Talk to one of our sales representative about the full report by providing your details in the link below:https://www.industryarc.com/support.php?id=504462Drivers – Food Automation MarketIncrease In The Safety RegulationsIncrease of safety regulations by the Government for food industries drive the Food Automation Market owing towards the demand for organic, fresh and exotic products with better quality.
Presence of retail and e-commerce channels has also driven the market for goods product owing to their ease of availability and lower cost.Challenges – Food Automation MarketThe lack of proficient organization for Food Automation system and growing stringent government policy and regulation toward market growth is restraining growth of the market.
Thehigh capital investments for equipment and strict regulations for the consumer safety are restraining the growth of the market.is hindering the market’s growth.Acquisitions/Product LaunchesIn June 2018,ABB GroupacquiredGE Industrial Solutions (GEIS).
This acquisition helped in electric product enhancements.In July, 2019, Emerson Electric Company acquired Zedi’s software and automation businesses.