The Global Multi-Position Magnetic Stirrers Market size is projected to grow from USD 2.6 billion in 2016 to USD X.X billion by the end of 2028, at a CAGR of 8.2% during the forecast period from 2021 to 2028. The global market is driven by factors such as increasing R&D activities on new innovative and cost-effective products along with rising investments in developing countries which are driving demand for these products across various applications including laboratory use, industrial use, and others.
Multi-position magnetic stirrers are used to maintain a constant temperature and stirring in laboratory experiments. Magnetic stir bars are best described as small, sometimes lightweight magnets that have a rod or cylindrical shape attached perpendicularly to the head of the magnet creating a freely moving “spinning” effect when they come into contact with another object such as glassware or solution vessels on top of a heating plate. The spinning motion occurs because these types of stainless steel bar magnets contain metal rings around their circumference known as return paths which create an electromagnetic field inside them causing them to retain their polarity even after being turned off.
On the basis of Type, the global multi-position magnetic stirrers market is segmented into Heating Version and Without Heating Version.
A heating version of multi-position magnetic stirrers is a setting on the machine that allows users to heat up substances at different temperatures. The heating version is further segmented into Hotplate Stirrers, Magnetic Temperature Controller & Digital Display Cradle-Type Magnetic Stirrer; hotplate stirrers are used to heat samples or media with the help of a gas burner or an electrical element such as resistive wire which warms up when current passes through it.
Without heating version multi-position magnetic stirrers are best for chemical processing in which stirring is required to maintain temperatures. It has no heating elements and serves a wide range of applications, such as oil distillation, polymers production, extraction processes, etc., with the same performance criteria that are applied to their heated versions. The temperature range without heating version stirrer is almost the same as that of their heated versions.
On the basis of Application, the global multi-position magnetic stirrers market is segmented into Industrial Use, Laboratory Use, and Others.
Multi-position magnetic stirrers are widely used in various industries for mixing, stirring, and heating. Mixing is an important operation that is performed during chemical reactions to ensure a homogeneous state of the product. Stirring helps in better blending or mixing of substances under high-temperature conditions like molten metal which can lead to oxidation due to adding air into it. Heating may be required when certain processes require elevated temperatures such as dissolving compounds/producing carbon nanotubes at room temperature from raw materials like graphite powder etc.,
Multi-position magnetic stirrers is laboratory equipment used to mix, agitate or dissolve the samples in different chemical solutions. These devices are capable of performing several operations like heating and cooling simultaneously with stirring capabilities. They can be programmed for controlling agitation speed automatically. In addition, these multi-position magnetic stirrers also allow users to control multiple parameters at one time such as temperature and speed of stirring which makes them extremely popular among scientists around the world.
On the basis of Region, the global multi-position magnetic stirrers market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. The regions are expected to experience rapid growth due to the growing demand for lab use of stirring equipment in research laboratories. In addition, the increasing utilization rate of laboratory devices owing to rising medical activities will further stimulate regional growth over the forecast period. Among these regions, the highest growth rate will be seen in APEJ over the next few years due to higher population and increasing industrialization activities with an increased focus on new product development activities.
There are various factors that contribute to the growth of the global multi-position magnetic stirrers market such as growing demand for reliable stirring equipment, increasing number of research and development activities in the pharmaceutical & biotechnology industry, rising health care expenditure worldwide, etc. However, a rise in disposable income along with changing lifestyles is expected to boost the overall revenue generation during the forecast period from 2019-2028. In addition, government initiatives focused on improving basic aspects of life or infrastructure will also propel regional minerals exploration leading to an increase in the demand for minerals exploration equipment.
Up Market Research published a new report titled “Multi Position Magnetic Stirrers Market research report which is segmented by Types (Heating Version, Without Heating Version), By Applications (Industrial Use, Laboratory Use, Others), By Players/Companies Thermo Fisher Scientific, Labec, Jeio Tech, MIULab”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Multi Position Magnetic Stirrers Market Research Report |
By Type | Heating Version, Without Heating Version |
By Application | Industrial Use, Laboratory Use, Others |
By Companies | Thermo Fisher Scientific, Labec, Jeio Tech, MIULab |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 225 |
Number of Tables & Figures | 158 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Heating Version, Without Heating Version and By Application Industrial Use, Laboratory Use, Others.
Some of the companies that are profiled in this report are:
Multi Position Magnetic Stirrers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Multi Position 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 2028.
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