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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.
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.
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.
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
Other prominent vendors in the market include Argos, Azzota, Cole-Parmer, Dynalon, Hanna Instruments, Heidolph Instruments, Neutec Group, Scilogex, SEOH, and Troemner.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-users
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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