Global Magnetic Stirrer Market 2016-2020

Global magnetic stirrer market forecast

Technavio’s market research analyst predicts the global magnetic stirrer market to grow steadily at a CAGR of around 5% during the forecast period. Much of this growth can be attributed to the recent increase in the number of research and testing facilities worldwide. Also, with the steady growth of the primary end-user industries like chemicals and clinical biology, the magnetic stirrer market growth will increase during the forecast period.

Product-based segmentation of the magnetic stirrer market

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

In this market study, analysts have estimated the regular magnetic stirrer segment to account for approximately 40% of the overall market revenue by the end of 2015. However, due to the rapid growth of the other product segments, the share of the regular magnetic stirrer segment is expected to fall to about 36% by 2020.

End-user segmentation and analysis of the magnetic stirrer market

• Chemicals
• Clinical biology

Technavio’s market research analyst has estimated the chemicals segment to dominate this market and accounts for around 20% of the total magnetic stirrer industry size during the forecast period. The chemicals segment dominated this market due to factors like the inert nature of the stirrer bars and higher flexibility of these instruments.

Competitive landscape and key vendors

The major players in the global magnetic stirrer market dominate the market space and account for a significant share of the market during the forecast period. Their global presence is strong, with customer support centers, sales offices, and distribution centers spread throughout the globe. The competitive environment in this market is likely to intensify with an increase in product extensions, new product launches, and new applications of the products and services provided.

Key vendors in the market are 

• Corning
• Grant Instruments
• IKA-Works
• Scientific Industries
• Thermo Fisher Scientific

Other prominent vendors in the market include Argos, Azzota, Cole-Parmer, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Scilogex, SEOH, and Troemner.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global magnetic stirrer market?
• What are the key market trends impacting the growth of the magnetic stirrer market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global magnetic stirrer market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
• What are the key outcomes of the five forces analysis of the magnetic stirrer market?

Technavio also offers customization on reports based on specific client requirement.

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