Market Overview:
The Global Digital Magnetic Stirrer Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for digital magnetic stirrers in research laboratories and institutes, and chemical and pharmaceutical industries. Additionally, the growing awareness about safety issues associated with manual stirring is also propelling the demand for digital magnetic stirrers. However, high initial cost may restrain the market growth during the forecast period. On basis of type, regular magnetic stirrer held a dominant position in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to its low price as compared to other types of digital magnetic stirrers such as hot-plate magnetic stirrer and multi-position magnetic stirrer.
Product Definition:
A digital magnetic stirrer is a device used to mix liquids or suspensions by agitating them with a rotating magnetic field. The device consists of a platform with an embedded magnet, and a control unit that supplies power to the magnet. Digital magnetic stirrers are often used in laboratories to mix small volumes of liquid, but can also be found in other settings such as wineries and breweries.
Regular Magnetic Stirrer:
Magnetic stirrer is a device used to incorporate thermal energy from a magnetic field for heating or cooling purposes. It is also known as barostable magnetron sputtering device, which can be utilized in various industries such as automotive, electronics and medical. The regular magnetic stirrer has an electric motor connected through a gearbox to the main shaft which drives the agitator plate at high speed.
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 inexpensive tool that helps in increasing the speed of reactions, avoiding hot spots, maintaining temperature control, reducing noise & turbulence and improving efficiency. The advantages mentioned above of hot-plate magnetic stirrer are responsible for its increased popularity among researchers working in pharmaceutical companies as well as research labs.
Application Insights:
The research laboratories and institutes segment dominated the global market in 2017. The application of magnetic stirrers for various purposes, such as chemical synthesis, bio-distillation, and molecular biology has led to an increased demand for these devices in research laboratories and institutes. In addition, increasing R&D activities by major manufacturers are expected to propel the product demand over the forecast period.
The pharmaceutical industry is anticipated to emerge as one of the fastest-growing segments over the forecast period owing to stringent government regulations regarding safety & hygiene in pharmaceutical industries coupled with a growing need for innovation & technological advancement within this sector. This factor is expected to drive significant growth opportunities for all players involved in manufacturing drug formulations throughout 2018 - 2030 period.
Regional Analysis:
The global market is segmented into North America, Europe, Asia Pacific and Middle East & Africa. The North American region dominated the global market in 2017 owing to the presence of a large number of pharmaceutical and biotechnology firms engaged in drug discovery activities. These companies are increasingly focusing on reducing trial preparation time as well as costs by adopting stirrers that can be operated with minimal supervision.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to increasing research expenditure by governments of emerging economies such as China and India along with rising awareness about potential benefits associated with magnetic stirrers for chemical reactions. In addition, growing demand for smaller laboratory equipment that consumes less power will drive product demand further.
Growth Factors:
- Increasing demand for miniaturized and portable devices
- Rising research and development expenditure by pharmaceutical and biotechnology companies to develop novel drug therapies
- Growing number of clinical trials across the globe
- Technological advancements in digital magnetic stirrers that offer better performance, accuracy, and precision
- Rising demand from end-use industries such as pharmaceuticals, biotechnology, food & beverage, cosmetics & personal care products
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Magnetic Stirrer Market Research Report
By Type
Regular Magnetic Stirrer, Hot-Plate Magnetic Stirrer, Multi-Position Magnetic Stirrer
By Application
Chemical and Pharmaceutical Industry, Research Laboratories and Institutes, 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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Digital Magnetic Stirrer Market Report Segments:
The global Digital 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
Chemical and Pharmaceutical Industry, Research Laboratories and Institutes, 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 Digital 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:
- Chemical and Pharmaceutical Industry
- Research Laboratories and Institutes
- 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 Digital 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?
A digital magnetic stirrer is a laboratory instrument that uses magnets to create turbulence in a liquid or gas. This turbulence helps to break down molecules and particles, which can lead to new chemical reactions.
Some of the major companies in the digital 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 digital magnetic stirrer market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital 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 Digital Magnetic Stirrer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital 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 Digital 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 Digital Magnetic Stirrer Market Size & Forecast, 2020-2028
4.5.1 Digital Magnetic Stirrer Market Size and Y-o-Y Growth
4.5.2 Digital 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 Chemical and Pharmaceutical Industry
6.2.2 Research Laboratories and Institutes
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital 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 Digital 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 Chemical and Pharmaceutical Industry
9.10.2 Research Laboratories and Institutes
9.10.3 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 Chemical and Pharmaceutical Industry
10.10.2 Research Laboratories and Institutes
10.10.3 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 Chemical and Pharmaceutical Industry
11.10.2 Research Laboratories and Institutes
11.10.3 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 Chemical and Pharmaceutical Industry
12.10.2 Research Laboratories and Institutes
12.10.3 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 Chemical and Pharmaceutical Industry
13.10.2 Research Laboratories and Institutes
13.10.3 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 Digital Magnetic Stirrer Market: Competitive Dashboard
14.2 Global Digital 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
