Market Overview:
The global multi position magnetic stirrers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for multi position magnetic stirrers in various applications such as industrial use, laboratory use, and others. Additionally, the growing awareness about the benefits of using multi position magnetic stirrers is also contributing to the growth of this market.
Product Definition:
Multi Position Magnetic Stirrers are devices that use magnets to spin a stir bar inside a liquid. This is important because it allows the user to mix liquids without having to physically touch them. This can be important in cases where the user does not want to contaminate the liquid or when they need to keep their hands free.
Heating Version:
The heating version is used to heat the magnetic stirrer up to operating temperature. The heating versions are usually cheaper than cooling versions and hence have a higher market penetration. However, the growth factor in this segment is expected to be low owing to increasing demand for cooling stirrers due their ability of efficient heat removal from liquid samples.
Without Heating Version:
The without heating version is used in magnetic stirrers market. It has no heating element and hence it can be used in various positions as compared to the standard versions having a temperature control mechanism. The without heating version is cost effective, easy to use and also provides flexibility which makes it popular among small scale industries where space constraints are a factor.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The other applications include chemical processing, pharmaceuticals and food processing industries. These industries require stirrers with high power output for efficient mixing that results in higher product demand across various regions globally.
The industrial use is expected to be the fastest-growing segment over the forecast period owing to rising demand from manufacturing industry worldwide for its improved efficiency and productivity through better mixing of raw materials and components resulting in higher production output per hour compared to traditional methods such as batch or continuous stirred tank reactors (CSTR). In addition, these devices are used extensively across various industries including oil & gas, pulp & paper where it is required to mix multiple fluids at once efficiently without any scalability issues due to its compact design which has led them becoming one of the most popular products globally since their introduction several decades ago till date.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing industrialization and rising adoption in laboratories for chemical analysis. In addition, the presence of multinational companies in countries such as China and India are anticipated to boost demand for stirrers across these regions.
The Asia Pacific region is home to several pharmaceutical companies that use stirrers during their research & development (R&D) activities. Thus, an increase in R&D activities by pharmaceutical companies will further propel the magnetic stirrer market over the forecast period.
Growth Factors:
- Increasing demand for Multi Position Magnetic Stirrers in various end-use industries such as pharmaceuticals, biotechnology, and chemical processing is expected to drive the market growth.
- Rising R&D spending by key players for the development of novel products is anticipated to propel the market growth over the forecast period.
- Growing number of research institutes and laboratories is projected to fuel the demand for Multi Position Magnetic Stirrers in academic research settings over the next few years.
- Technological advancements in magnetic stirrer design are likely to boost their adoption across various industrial applications during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi Position Magnetic Stirrers Market Research Report
By Type
Heating Version, Without Heating Version
By Application
Industrial Use, Laboratory Use, Others
By Companies
Thermo Fisher Scientific, Labec, Jeio Tech, MIULab, Thermo Fisher Scientific
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Multi Position Magnetic Stirrers Market Report Segments:
The global Multi Position Magnetic Stirrers market is segmented on the basis of:
Types
Heating Version, Without Heating Version
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
Industrial Use, Laboratory Use, 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:
- Thermo Fisher Scientific
- Labec
- Jeio Tech
- MIULab
- Thermo Fisher Scientific
Highlights of The Multi Position Magnetic Stirrers 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:
- Heating Version
- Without Heating Version
- By Application:
- Industrial Use
- Laboratory Use
- 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 Multi Position Magnetic Stirrers 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
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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?
Multi Position Magnetic Stirrers are a type of laboratory equipment that can be used to stir liquids or suspensions. They come in a variety of shapes and sizes, and can be attached to the side of a container using magnets. This allows them to be moved around easily, which is helpful when trying to mix different ingredients together.
Some of the key players operating in the multi position magnetic stirrers market are Thermo Fisher Scientific, Labec, Jeio Tech, MIULab, Thermo Fisher Scientific.
The multi position magnetic stirrers 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 Multi Position Magnetic Stirrers 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 Multi Position Magnetic Stirrers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi Position Magnetic Stirrers 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 Multi Position Magnetic Stirrers 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 Multi Position Magnetic Stirrers Market Size & Forecast, 2020-2028
4.5.1 Multi Position Magnetic Stirrers Market Size and Y-o-Y Growth
4.5.2 Multi Position Magnetic Stirrers 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 Heating Version
5.2.2 Without Heating Version
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 Industrial Use
6.2.2 Laboratory Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi Position Magnetic Stirrers 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 Multi Position Magnetic Stirrers 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 Heating Version
9.6.2 Without Heating Version
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 Industrial Use
9.10.2 Laboratory Use
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 Heating Version
10.6.2 Without Heating Version
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 Industrial Use
10.10.2 Laboratory Use
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 Heating Version
11.6.2 Without Heating Version
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 Industrial Use
11.10.2 Laboratory Use
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 Heating Version
12.6.2 Without Heating Version
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 Industrial Use
12.10.2 Laboratory Use
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 Heating Version
13.6.2 Without Heating Version
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 Industrial Use
13.10.2 Laboratory Use
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 Multi Position Magnetic Stirrers Market: Competitive Dashboard
14.2 Global Multi Position Magnetic Stirrers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 Labec
14.3.3 Jeio Tech
14.3.4 MIULab
14.3.5 Thermo Fisher Scientific
