Global Magnetic Stirrer Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global magnetic stirrer market in its upcoming report titled, “Global Magnetic Stirrer Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global magnetic stirrer market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global magnetic stirrer market has been segmented on the basis of product type, display type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Magnetic stirrer is an equipment used in laboratories for mixing components or maintaining suspension of solutions by stirring solution with help of magnetic stir bar or pellet. The magnetic pellet is covered with polytetrafluoroethylene (PTFE), which is a chemically inert material. Magnetic stirrers are efficient and easy to use as compared to gear-driven motorized stirrers. Magnetic stirrers also include hot plate, to heat liquid and are ideal for non-viscous solutions.

Increasing adoption of magnetic stirrer owing to rising demand from research institutes and laboratories is a major factor growth of the global magnetic stirrer market. In addition, increasing adoption of magnetic stirrer with multiple-position facility is another factor expected to fuel growth of the target market to a significant extent over the forecast period. However, restricted R&D expenditure in emerging economies is a factor expected to hamper growth of the global magnetic stirrer market to a certain extent over the forecast period.

Currently, the market in North America accounts for highest market share in terms of revenue in the global magnetic stirrer market. The market in Europe accounts for second largest revenue share in the global market. The markets in Asia Pacific is expected to register significant growth in terms of revenue over the forecast period. This growth can be attributed to the increasing number of research institutes and laboratories in countries in the region. The markets in Latin America and Middle East & Africa are expected to have moderate growth rate in the coming years.

Global Magnetic Stirrer Market Segmentation:

Segmentation on the basis of product type:

• Regular magnetic stirrer
• Hot-plate magnetic stirrer
• Multi-position magnetic stirrer

Segmentation on the basis of display type:

• Analog
• Digital

Segmentation on the basis of application:

• Pharmaceutical
• Chemical and Biotech laboratories
• Academic and research institutes

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa