Magnetic Stirrer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Magnetic Stirrer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global magnetic stirrer market is expected to grow at a CAGR of around 4% during 2019-2024. A magnetic stirrer, also known as a magnetic mixer, is a laboratory equipment comprising a rotating magnet or stationary electromagnet that generates a rotating magnetic field to stir fluids and create a homogenous mixture. The process of magnetic stirring helps in boosting sensor response time by allowing the measuring instruments to acquire stable readings. It operates silently and assists in stirring closed systems without the need for isolation. Moreover, owing to its compact size, a magnetic stirrer can be cleaned and sterilized more quickly than conventional devices like stirring rods.

Magnetic stirrers are relatively reliable, easy to use, and aid in meeting the required safety standards. They are preferred over gear-driven motorized stirrers as they are more efficient and have no moving external parts which can break or wear out. As a result, their demand is increasing for various chemical, pharmaceutical, microbiological, biotechnological and medical applications such as dissolving nutrients and solids, growing microorganisms, and averting suspended matter from settling during titration. Further, these stirrers are used in dialysis, extraction, oil analysis, soil suspending, organic synthesis, pH measurement and sample preparation. In recent years, manufacturers have been financing research and development activities to introduce new designs that reduce time and improve work efficiency. Apart from this, an increase in the number of testing and research facilities worldwide is anticipated to catalyze the demand for magnetic stirrers in the upcoming years.

IMARC Group’s latest report provides a deep insight into the global magnetic stirrer market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the magnetic stirrer market in any manner.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Product Type:
Regular Magnetic Stirrer
Hot-Plate Magnetic Stirrer
Multi-Position Magnetic Stirrer

Market Breakup by Display Type:
Digital
Analog

Market Breakup by End-User:
Chemical and Pharmaceutical Industry
Research Laboratories and Institutes
Others

Market Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Corning, Grant Instruments, IKA-Works, Scientific Industries, Thermo Fisher Scientific, Argos Technologies, Azzota, Cole-Parmer, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Scilogex, Troemner, etc.

Key Questions Answered in This Report:

How has the global magnetic stirrer market performed so far and how will it perform in the coming years?
What are the key regional markets in the global magnetic stirrer industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the display type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global magnetic stirrer industry?
What are the key driving factors and challenges in the global magnetic stirrer industry?
What is the structure of the global magnetic stirrer industry and who are the key players?
What is the degree of competition in the global magnetic stirrer industry?
What are the profit margins in the magnetic stirrer industry?