HOME Research Insight Mitsubishi Electric Corporation (Japan) and ABB Group (ABB) (Switzerland) are the Key Players in the Food Robotics Market

Mitsubishi Electric Corporation (Japan) and ABB Group (ABB) (Switzerland) are the Key Players in the Food Robotics Market

The key players identified have a strong presence in the global food robotics market. These include Mitsubishi Electric Corporation (Japan), ABB Group (Switzerland), Kawasaki Heavy Industries Ltd. (Japan), Rockwell Automation Incorporated (U.S.), FANUC Corporation (Japan), KUKA AG (Germany), Seiko Epson Corporation (Japan), Yaskawa Electric Corporation (Japan), Staubli International Corporation (Switzerland), Mayekawa Mfg. Co., Ltd. (Japan), Universal Robots A/S (Denmark), and Bastian Solutions Inc. (U.S.).

Key companies in the food robotics market adopted strategies such as mergers & acquisitions, agreements & collaborations, new product launches & product approvals, and investments & expansions as their key growth strategies to increase their market share and profits from 2012 to 2017.

The core strength of the key players were new product launches followed by merger & acquisition to cement their place in the global food robotics market. Market players such as ABB Group (Switzerland) and Kawasaki Heavy Industries Ltd. (Japan) have adopted new product launch as their key strategies to gain market share.

Mitsubishi Electric Corporation (Japan) is primary involved in the manufacturing, development, and marketing of different equipment used in industries such as packaging/food and beverage, general manufacturing, automotive, semiconductor, healthcare, and education. The company provides solutions for the packaging/ food and beverage segment such as packaging, picking and placing, material handling, and dispensing as robots have the capability to handle products quicker and safer than conventional applications. In March 2015, Mitsubishi Electric Corporation announced the investment of approximately USD 33 million in its subsidiary, Mitsubishi Electric Automotive America, Inc. (MEAA), to expand and construct new facilities for the increased production of high-efficiency alternators.

ABB Group (ABB) (Switzerland), is a global leader in power and automation technologies enabling utility, industry, transport, and infrastructure sectors to improve their performance while lowering the environmental impact. Its operations are organized into five business segments, namely, power products, power systems, discrete automation & motion, low voltage products, and process automation. ABB’s robotic solutions are used in industry applications such as welding, material handling, painting, picking, packing, and palletizing. ABB operates in approximately 100 countries across four regions—Europe, the Americas, Asia, and the Middle East and Africa (MEA). In July 2014, ABB Group launched the FlexMT, a standardized yet flexible robot solution for machine tool automation to increase machine utilization by as much as 60% while reducing labor costs.

Related Reports:

Food Robotics Market by Type, Application (Palletizing, Packaging, Repackaging, Pick & Place, Processing), Payload (Low, Medium, Heavy), End-Use Industry, and Region - Trends & Forecast to 2022

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