Market Overview:
The global magnetic stirrer reactors 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 magnetic stirrer reactors in various applications such as pharmaceuticals, biologial, chemical and others. Additionally, the growing demand for miniaturization of devices is also propelling the growth of this market. However, factors such as high initial cost and lack of awareness about these products are restraining its growth. On the basis of type, microelectronics magnetic stirrer reactors held a major share in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to their small size and low power consumption as compared with other types of magnetic stirrer reactors available in the market.
Product Definition:
Magnetic stirrer reactors are a type of reactor that use a magnetic field to agitate the contents of the reactor. This is done in order to improve mixing and chemical reaction rates. The importance of magnetic stirrer reactors lies in their ability to improve reaction rates, which can lead to improved yields and product quality. Additionally, they often require less energy than other types of reactors, making them more efficient.
Microelectronics Magnetic Stirrer Reactors:
Microelectronics magnetic stirrer reactors are used in semiconductor device fabrication processes. Microelectronic magnetic stirrer reactors are also used as research and development tools for the study of chemical systems at molecular length scale. The factors that propel their demand include growing population, rapid urbanization, increasing disposable income along with changing lifestyle which has led to higher quality of life and greater health concerns among people.
Digital Magnetic Stirrer Reactors:
A digital magnetic stirrer reactor (DMSR) is a device used to control the speed of a chemical reaction by varying the strength of a magnetic field. It works on the principle that changing magnetism causes changes in electric currents and ultimately affects molecular motion. The DMSR has applications in various fields such as biotechnology, pharmaceuticals, food & beverage processing, environmental testing industries and research institutes among others.
Application Insights:
The pharmaceuticals segment dominated the global market in terms of revenue in 2017. The high adoption of stirrers for drug formulation and purification is one of the key factors contributing to this growth. Furthermore, increasing government funding for R&D and support from private institutions are also expected to propel the demand over the forecast period.
The biological application segment is anticipated to witness significant growth during the study period owing to rising research activities in this field. Increasing focus on advanced education has resulted in an increased number of students opting for courses related to life sciences at universities across countries such as U.K., China, India, Australia and New Zealand, U.S., Canada and Germany etc.; which further propels investments by institutes & companies involved in biologics production & fermentation etc.; eventually driving product demand globally over next seven years or so (by 2030).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of pharmaceutical and biologial laboratories coupled with high healthcare spending in U.S. Furthermore, increasing research & development activities are expected to drive demand for these stirrers reactors over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rising investments by various government agencies and private companies for developing advanced products based on magnetic stirring technology across countries such as China, India, Japan, South Korea and Taiwan among others will boost regional growth significantly over this period.
Growth Factors:
- Increasing demand for Magnetic Stirrer Reactors in the pharmaceutical and biotechnology industries for the efficient mixing of various solutions and compounds.
- Growing popularity of Magnetic Stirrer Reactors in academic research laboratories for carrying out chemical experiments.
- Rising demand from small-scale to large-scale manufacturers for efficient stirring of liquids and solutions across different industries.
- Technological advancements in Magnetic Stirrer Reactors that offer better performance, durability, and efficiency than traditional mixers or stirrers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Stirrer Reactors Market Research Report
By Type
Microelectronics Magnetic Stirrer Reactors, Digital Magnetic Stirrer Reactors
By Application
Pharmaceuticals, Biologial, Chemical, Others
By Companies
Fisher Scientific, Corning, Biosan, Scientific Industries, Extech, VWR, IKA Works, Wheaton, Grant Instruments, Argos Technologies, BeLLCo Glass, Electron Microscopy Sciences, Heidolph
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Stirrer Reactors Market Report Segments:
The global Magnetic Stirrer Reactors market is segmented on the basis of:
Types
Microelectronics Magnetic Stirrer Reactors, Digital Magnetic Stirrer Reactors
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:
- Fisher Scientific
- Corning
- Biosan
- Scientific Industries
- Extech
- VWR
- IKA Works
- Wheaton
- Grant Instruments
- Argos Technologies
- BeLLCo Glass
- Electron Microscopy Sciences
- Heidolph
Highlights of The Magnetic Stirrer Reactors 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:
- Microelectronics Magnetic Stirrer Reactors
- Digital Magnetic Stirrer Reactors
- 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 Magnetic Stirrer Reactors 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?
Magnetic stirrer reactors are a type of nuclear reactor that use the principles of magnetic resonance to control the nuclear reaction. The magnetic fields created by the spinning magnets cause atoms in the fuel rods to line up in a particular direction, which helps to increase efficiency and speed up reactions.
Some of the key players operating in the magnetic stirrer reactors market are Fisher Scientific, Corning, Biosan, Scientific Industries, Extech, VWR, IKA Works, Wheaton, Grant Instruments, Argos Technologies, BeLLCo Glass, Electron Microscopy Sciences, Heidolph.
The magnetic stirrer reactors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Stirrer Reactors 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 Magnetic Stirrer Reactors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Stirrer Reactors 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 Magnetic Stirrer Reactors 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 Magnetic Stirrer Reactors Market Size & Forecast, 2020-2028
4.5.1 Magnetic Stirrer Reactors Market Size and Y-o-Y Growth
4.5.2 Magnetic Stirrer Reactors 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 Microelectronics Magnetic Stirrer Reactors
5.2.2 Digital Magnetic Stirrer Reactors
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 Magnetic Stirrer Reactors 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 Magnetic Stirrer Reactors 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 Microelectronics Magnetic Stirrer Reactors
9.6.2 Digital Magnetic Stirrer Reactors
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 Microelectronics Magnetic Stirrer Reactors
10.6.2 Digital Magnetic Stirrer Reactors
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 Microelectronics Magnetic Stirrer Reactors
11.6.2 Digital Magnetic Stirrer Reactors
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 Microelectronics Magnetic Stirrer Reactors
12.6.2 Digital Magnetic Stirrer Reactors
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 Microelectronics Magnetic Stirrer Reactors
13.6.2 Digital Magnetic Stirrer Reactors
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 Magnetic Stirrer Reactors Market: Competitive Dashboard
14.2 Global Magnetic Stirrer Reactors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fisher Scientific
14.3.2 Corning
14.3.3 Biosan
14.3.4 Scientific Industries
14.3.5 Extech
14.3.6 VWR
14.3.7 IKA Works
14.3.8 Wheaton
14.3.9 Grant Instruments
14.3.10 Argos Technologies
14.3.11 BeLLCo Glass
14.3.12 Electron Microscopy Sciences
14.3.13 Heidolph
