Market Overview:
The global analog magnetic stirrer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for analog magnetic stirrers in various applications such as pharmaceuticals, biologial, chemical and others. Additionally, the growing demand for hot-plate magnetic stirrers is also contributing to the growth of this market. North America dominates the global analog magnetic stirrer market and is expected to continue its dominance during the forecast period.
Product Definition:
Analog Magnetic Stirrer is a device used to rotate a liquid or slurry around a container. This stirring action helps to mix the contents and evenly distribute heat, which can be important in chemical and biological experiments.
Regular Magnetic Stirrer:
Magnetic stirrer is a device used to mix and stir various liquids in chemical and laboratory applications. It is also known as magnetic bar stirring rod, magnetic hot plate, or just magnet. The regularity of the stirring rate can be adjusted by changing the length of the magnet.
The advantages include low cost for maintenance and operation, easy to clean & maintain with no moving parts that can wear out easily like blades on a propeller etc.
Hot-Plate Magnetic Stirrer:
Hot-plate magnetic stirrer is a device used to mix and stir various solutions and chemicals in laboratories. It’s an analog instrument which can be used for heating as well as stirring the contents of a glass or plastic Petri dish.
Application Insights:
The chemical segment dominated the global market in terms of revenue share in 2017. Chemical manufacturers use analog magnetic stirrers for various applications, such as re-sparging, dry blending and wet blending. The rising importance of automation in thechemical industry is also driving this application segment growth. For instance, Dow Inc., a multinational chemical company is investing USD 200 million for installing an automated system at its Michigan plant to replace human labor with robots.
The pharmaceuticals segment accounted for more than 15% share of the overall revenue in 2017 due to increasing demand from biopharmaceutical companies for high-quality protein purification and formulation processes using liquid nitrogen circulation systems along with continuous blood processing units at hospitals & clinical research centers across the globe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to high research and development activities by major companies. Moreover, increasing R&D spending by pharmaceutical companies in this region is one of the significant factors responsible for its dominance.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to rising demand from various end-use industries such as biotechnology, chemicals and others for analog magnetic stirrers with different types of stirring patterns at low cost. Increasing number of contract manufacturing facilities by prominent players such as Siemens AG; Samsung Electronics Co., Ltd.; and Hitachi, Ltd.; are also contributing towards regional growth (Siemens AG announced about establishing a new facility in Vietnam while Hitachi, Ltd established a new facility in Malaysia).
Growth Factors:
- Increasing demand for magnetic stirrers in the laboratory and research sector
- Rising popularity of automated magnetic stirrers
- Growing demand for analog magnetic stirrers from end-use industries such as pharmaceuticals, biotechnology, and food & beverage
- Technological advancements in analog magnetic stirrer design and functionality
- Proliferation of online retail platforms that offer a wide range of analog magnetic stirrers at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Analog Magnetic Stirrer Market Research Report
By Type
Regular Magnetic Stirrer, Hot-Plate Magnetic Stirrer, Multi-Position Magnetic Stirrer
By Application
Pharmaceuticals, Biologial, Chemical, Others
By Companies
Corning, Grant Instruments, IKA-Works, Scientific Industries, Thermo Fisher Scientific, Cole-Parmer, Azzota, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Scilogex, Troemner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Analog Magnetic Stirrer Market Report Segments:
The global Analog Magnetic Stirrer market is segmented on the basis of:
Types
Regular Magnetic Stirrer, Hot-Plate Magnetic Stirrer, Multi-Position Magnetic Stirrer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceuticals, Biologial, Chemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Corning
- Grant Instruments
- IKA-Works
- Scientific Industries
- Thermo Fisher Scientific
- Cole-Parmer
- Azzota
- Dynalon
- Hanna Instruments
- Heidolph Instruments
- Neutec Group
- Scilogex
- Troemner
Highlights of The Analog Magnetic Stirrer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Regular Magnetic Stirrer
- Hot-Plate Magnetic Stirrer
- Multi-Position Magnetic Stirrer
- By Application:
- Pharmaceuticals
- Biologial
- Chemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Analog Magnetic Stirrer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Analog magnetic stirrers are used in chemical and pharmaceutical laboratories to mix liquids, gases, and powders. They work by using a rotating magnet to create a stirring motion that helps the ingredients mix together.
Some of the key players operating in the analog magnetic stirrer market are Corning, Grant Instruments, IKA-Works, Scientific Industries, Thermo Fisher Scientific, Cole-Parmer, Azzota, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Scilogex, Troemner.
The analog magnetic stirrer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Analog Magnetic Stirrer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Analog Magnetic Stirrer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Analog Magnetic Stirrer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Analog Magnetic Stirrer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Analog Magnetic Stirrer Market Size & Forecast, 2020-2028
4.5.1 Analog Magnetic Stirrer Market Size and Y-o-Y Growth
4.5.2 Analog Magnetic Stirrer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Regular Magnetic Stirrer
5.2.2 Hot-Plate Magnetic Stirrer
5.2.3 Multi-Position Magnetic Stirrer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceuticals
6.2.2 Biologial
6.2.3 Chemical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Analog Magnetic Stirrer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Analog Magnetic Stirrer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Regular Magnetic Stirrer
9.6.2 Hot-Plate Magnetic Stirrer
9.6.3 Multi-Position Magnetic Stirrer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceuticals
9.10.2 Biologial
9.10.3 Chemical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Regular Magnetic Stirrer
10.6.2 Hot-Plate Magnetic Stirrer
10.6.3 Multi-Position Magnetic Stirrer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceuticals
10.10.2 Biologial
10.10.3 Chemical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Regular Magnetic Stirrer
11.6.2 Hot-Plate Magnetic Stirrer
11.6.3 Multi-Position Magnetic Stirrer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceuticals
11.10.2 Biologial
11.10.3 Chemical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Regular Magnetic Stirrer
12.6.2 Hot-Plate Magnetic Stirrer
12.6.3 Multi-Position Magnetic Stirrer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceuticals
12.10.2 Biologial
12.10.3 Chemical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Regular Magnetic Stirrer
13.6.2 Hot-Plate Magnetic Stirrer
13.6.3 Multi-Position Magnetic Stirrer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceuticals
13.10.2 Biologial
13.10.3 Chemical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Analog Magnetic Stirrer Market: Competitive Dashboard
14.2 Global Analog Magnetic Stirrer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Corning
14.3.2 Grant Instruments
14.3.3 IKA-Works
14.3.4 Scientific Industries
14.3.5 Thermo Fisher Scientific
14.3.6 Cole-Parmer
14.3.7 Azzota
14.3.8 Dynalon
14.3.9 Hanna Instruments
14.3.10 Heidolph Instruments
14.3.11 Neutec Group
14.3.12 Scilogex
14.3.13 Troemner
