Market Overview:
The global magnetic stirrers 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 stirrers in various applications such as chemical industrial, education & research, pharmaceutical industrial, and other applications. Additionally, the growing demand for multi-position magnetic stirrers is also contributing to the growth of this market. However, factors such as high initial cost and lack of awareness about benefits offered by these devices are restraining the growth of this market.
Product Definition:
A Magnetic Stirrer is a laboratory device that uses a rotating magnetic field to cause a stir bar (or "stirring rod") immersed in a liquid to spin around, thus stirring the liquid. The Magnetic Stirrers are used in various chemical and biological experiments to mix solutions or suspend particles.
Regular Magnetic Stirrer:
Magnetic stirrer is a device used to incorporate magnetic fields to enhance the mixing process in chemical reactions, physical processes and mechanical procedures. It can be defined as an apparatus consisting of one or more magnets with irregular surfaces that are enclosed in a container for use in stirring liquid or solid-based materials. The primary function of this device is to break up lumps so that they can be distributed evenly throughout the mixture.
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 electric hot plate used for heating small or large quantities of liquid which can be placed on its surface. The solution or chemical to be mixed is added in a container which is then lowered onto the plate.
Application Insights:
The chemical industry dominated the global magnetic stirrers market in terms of revenue share in 2017. The growth can be attributed to increasing demand for chemicals from various end-use industries such as automotive, construction, electronics and semiconductors, food and beverages, healthcare etc. In addition, technological advancements have also paved way for efficient utilization of magnetic stirrer units in the chemical industry.
The education & research segment is expected to witness significant growth over the forecast period owing to rising R&D activities carried out by educational institutions and research organizations across the globe regarding new teaching methods and laboratory equipment that are compatible with modern technology.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to increasing demand for magnetic stirrers from various end-use industries such as pharmaceutical, food and beverage, and chemical industries. In addition, growing R&D activities in North America are anticipated to fuel product demand in laboratories and research centers over the next eight years.
The Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to rapid industrialization coupled with increasing government spending on healthcare facilities across emerging economies such as India and China. These factors are anticipated contribute towards increased magnetic stirrer sales volume across this region during the same period 8Hence it will create a huge opportunity for global players operating within this industry space to gain significant share by introducing new products or improving their existing product portfolio.
Growth Factors:
- Increasing demand for Magnetic Stirrers in the pharmaceutical and biotechnology industries for the efficient mixing of various solutions and compounds.
- Growing popularity of Magnetic Stirrers in research laboratories for thorough mixing of test samples.
- Rising demand from academic institutions for use of Magnetic Stirrers in undergraduate and graduate level experiments.
- Increasing adoption of Magnetic Stirrers by food manufacturers to improve the quality and consistency of their products .
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Stirrers Market Research Report
By Type
Regular Magnetic Stirrer, Hot-Plate Magnetic Stirrer, Multi-Position Magnetic Stirrer
By Application
Chemical Industrial, Education & Research, Pharmaceutical Industrial, Other
By Companies
SEOH, Grant Instruments, IKA-Works, Scientific Industries, Thermo Fisher Scientific, Argos, Azzota, Cole-Parmer, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Scilogex
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Stirrers Market Report Segments:
The global Magnetic Stirrers 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 Industrial, Education & Research, Pharmaceutical Industrial, Other
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:
- SEOH
- Grant Instruments
- IKA-Works
- Scientific Industries
- Thermo Fisher Scientific
- Argos
- Azzota
- Cole-Parmer
- Dynalon
- Hanna Instruments
- Heidolph Instruments
- Neutec Group
- Scilogex
Highlights of The 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:
- Regular Magnetic Stirrer
- Hot-Plate Magnetic Stirrer
- Multi-Position Magnetic Stirrer
- By Application:
- Chemical Industrial
- Education & Research
- Pharmaceutical Industrial
- Other
- 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 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
- 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 stirrers are used in chemical and pharmaceutical processes to increase the speed of reactions. They work by using a strong magnetic field to cause small pieces of metal to move around, which helps catalyze the reaction.
Some of the key players operating in the magnetic stirrers market are SEOH, Grant Instruments, IKA-Works, Scientific Industries, Thermo Fisher Scientific, Argos, Azzota, Cole-Parmer, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Scilogex.
The magnetic stirrers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Stirrers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Stirrers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Stirrers Market - Supply Chain
4.5. Global Magnetic Stirrers Market Forecast
4.5.1. Magnetic Stirrers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Stirrers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Stirrers Market Absolute $ Opportunity
5. Global Magnetic Stirrers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetic Stirrers Market Size and Volume Forecast by Type
5.3.1. Regular Magnetic Stirrer
5.3.2. Hot-Plate Magnetic Stirrer
5.3.3. Multi-Position Magnetic Stirrer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Stirrers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetic Stirrers Market Size and Volume Forecast by Application
6.3.1. Chemical Industrial
6.3.2. Education & Research
6.3.3. Pharmaceutical Industrial
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Stirrers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetic Stirrers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetic Stirrers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetic Stirrers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetic Stirrers Demand Share Forecast, 2019-2029
9. North America Magnetic Stirrers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetic Stirrers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetic Stirrers Market Size and Volume Forecast by Application
9.4.1. Chemical Industrial
9.4.2. Education & Research
9.4.3. Pharmaceutical Industrial
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Stirrers Market Size and Volume Forecast by Type
9.7.1. Regular Magnetic Stirrer
9.7.2. Hot-Plate Magnetic Stirrer
9.7.3. Multi-Position Magnetic Stirrer
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetic Stirrers Demand Share Forecast, 2019-2029
10. Latin America Magnetic Stirrers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetic Stirrers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetic Stirrers Market Size and Volume Forecast by Application
10.4.1. Chemical Industrial
10.4.2. Education & Research
10.4.3. Pharmaceutical Industrial
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Stirrers Market Size and Volume Forecast by Type
10.7.1. Regular Magnetic Stirrer
10.7.2. Hot-Plate Magnetic Stirrer
10.7.3. Multi-Position Magnetic Stirrer
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetic Stirrers Demand Share Forecast, 2019-2029
11. Europe Magnetic Stirrers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetic Stirrers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetic Stirrers Market Size and Volume Forecast by Application
11.4.1. Chemical Industrial
11.4.2. Education & Research
11.4.3. Pharmaceutical Industrial
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Stirrers Market Size and Volume Forecast by Type
11.7.1. Regular Magnetic Stirrer
11.7.2. Hot-Plate Magnetic Stirrer
11.7.3. Multi-Position Magnetic Stirrer
11.8. Basis Pont Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetic Stirrers Demand Share, 2019-2029
12. Asia Pacific Magnetic Stirrers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetic Stirrers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetic Stirrers Market Size and Volume Forecast by Application
12.4.1. Chemical Industrial
12.4.2. Education & Research
12.4.3. Pharmaceutical Industrial
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Stirrers Market Size and Volume Forecast by Type
12.7.1. Regular Magnetic Stirrer
12.7.2. Hot-Plate Magnetic Stirrer
12.7.3. Multi-Position Magnetic Stirrer
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetic Stirrers Demand Share, 2019-2029
13. Middle East & Africa Magnetic Stirrers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetic Stirrers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetic Stirrers Market Size and Volume Forecast by Application
13.4.1. Chemical Industrial
13.4.2. Education & Research
13.4.3. Pharmaceutical Industrial
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Stirrers Market Size and Volume Forecast by Type
13.7.1. Regular Magnetic Stirrer
13.7.2. Hot-Plate Magnetic Stirrer
13.7.3. Multi-Position Magnetic Stirrer
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetic Stirrers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Magnetic Stirrers Market: Market Share Analysis
14.2. Magnetic Stirrers Distributors and Customers
14.3. Magnetic Stirrers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SEOH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grant Instruments
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IKA-Works
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Scientific Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thermo Fisher Scientific
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Argos
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Azzota
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cole-Parmer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dynalon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hanna Instruments
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Heidolph Instruments
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Neutec Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Scilogex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
