Food processing vertical acquired the highest revenue share in the overall Kenya industrial automation market in 2019 – 6Wresearch
Kenya industrial automation market is anticipated to grow in the coming years on account of growing construction and infrastructure development projects such as tech cities, railway, and expansion of state & national highways along with government initiatives for the development of SEZs in the country to promote the industrial and manufacturing sector. However, the ongoing coronavirus pandemic and corresponding suspended economic activities would result in the sluggish market growth of industrial automation in the country in 2020.
According to 6Wresearch, Kenya industrial automation market size is projected to grow at a CAGR of 7.1% during 2019-25F.The government of Kenya has planned to boost the share of the manufacturing sector in the country’s GDP. Also, the expansion of business parks in the region would increase the market for industrial automation in Kenya in the years to come. Further, industries are planning on cutting down the energy cost required in the process by switching towards renewable energy. Therefore, less energy cost would be one of the major factors to drive the industrial automation market in Kenya during the forecast period.
According to Kanchan Negi, Assistant Manager, Research and Consulting, 6Wresearch, “By vertical, the food processing segment currently holds the maximum revenue share in the overall industrial automation market as Kenya is an agriculture-based country in which agriculture contributes approximately 25% - 30% to the country’s GDP and 60% to the total export earnings. “
“In the recent years, several plans have been initiated by the Kenyan government to modernize the manufacturing of agriculture-based products by enhancing the use of automation which, in turn, would increase the demand for industrial automation in the food processing vertical over the coming few years.”, Kanchan further added
According to Mansi Bisht, Research Analyst, Research and Consulting, 6Wresearch, “By region, the central region of Kenya is anticipated to dominate the overall industrial automation market in the coming years as the region is backed by several industrial and commercial hubs. The region also includes the most developed and capital city of the country i.e. Nairobi. Further, several ongoing and upcoming construction projects in the country under the long term “Kenya Vision 2030” is expected to accelerate the demand for industrial automation in the upcoming years.
Some of the major companies in Kenya industrial automation market include ABB, Siemens, Schneider, Rockwell Automation, etc.
"Kenya Industrial Automation market (2019-2025)" provides an in-depth analysis with 11 figures and 3 tables covered in 71 pages. The report estimates and forecasts the overall Kenya industrial automation market by products, application, and region. The report provides an unbiased and detailed analysis of the Kenya industrial automation market on-going trends, outlook, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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