Magnetic stirrer: Key market research findings
- Rising popularity of automated magnetic stirrers
- Growing focus towards reducing power consumption by magnetic stirrers
Technavio has released a new market research report on the global magnetic stirrer market, which is expected to grow at a CAGR of 5% by 2020. Increase in the number of research and testing facilities worldwide is propelling the demand for magnetic stirrers. Regular magnetic stirrer are the most popular magnetic stirrers, occupying around 40% of the total market share. The Americas is the largest revenue-contributing region in the magnetic stirrers market, accounting for 37% of the overall market share. The main reason for this region’s growth is increasing investments in research activities.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the magnetic stirrer market is witnessing increased level of automation. Now, automated magnetic stirrers are available which can be programmed to carry out several functions such as temperature, frequency, and time control. With digital interfaces and the ability to store processed information, these instruments have the ability to drastically reduce the need for human intervention. Moreover, the integration of these instruments with other devices and processes can increase flexibility, allow continuous process flow for the samples, and reduce processing time and human supervision,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Vendors are focusing to minimise the power consumption of magnetic stirrers by cutting down the distance between the stirrer bar and the rotating magnetic field to minimize magnetic leakage and energy dissipation. Over the forecast period, energy efficiency will be a key area of innovation in magnetic stirrers.
The leading vendors in the global magnetic stirrer market are Corning, Grant Instruments, IKA-Works, Scientific Industries, and Thermo Fisher Scientific. 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.
A more detailed analysis is available in the Technavio report, Global Magnetic Stirrer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
