Investment Remains Strong
The Automation Expenditures for Food and Beverage Worldwide Outlook examines the market for automation products and systems in food and beverage products and ingredients manufacturing and the factors contributing to the growth and deployment of specific products and systems.
Automation products and systems include enterprise asset management, general motion control, LIMS, AC drives, plant asset management, PLCs, DCS, process safety systems, HMIs, field transmitters and valves, process engineering tools, real-time process optimization, production management.
The outlook for the food and beverage industry in 2010 will be moderate due to the global recession, changing consumer purchasing patterns, and tightening budgets. Much of the current automation deployment focuses on projects that reduce energy consumption and waste, reduce costs and protect margins, or better ensure product safety. The industry has been one of the least impacted by the global economic recession. However, the industry expects growth in consumer spending to remain at reduced rates into the foreseeable future.
Most major companies have similar business strategies. The major difference in performance is how well they execute their strategies. This further emphasizes the need for automation products and systems.
Strategic Issues
This study provides strategic market information and guidance about automation products and systems being deployed worldwide in the food and beverage industry. In addition to quantitative assessments, the study also identifies key strategic issues in 2009 and beyond that will have substantial impact on this market such as:
- Market potential and size for automation products and systems
- Leading and key suppliers in this vertical industry sector
- Market size in various world regions
- Strategies for suppliers and manufacturers to be successful in the low margin food and beverage industry which is so dependent upon product, packaging, and manufacturing innovation
