Magnetic Stirrer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global magnetic stirrer market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028.
A magnetic stirrer, also known as a magnetic mixer, is a laboratory equipment comprising a rotating magnet or stationary electromagnet that generates a rotating magnetic field to stir fluids and create a homogenous mixture. The process of magnetic stirring helps in boosting sensor response time by allowing the measuring instruments to acquire stable readings. It operates silently and assists in stirring closed systems without the need for isolation. Moreover, owing to its compact size, a magnetic stirrer can be cleaned and sterilized more quickly than conventional devices like stirring rods.
Magnetic stirrers are relatively reliable, easy to use, and aid in meeting the required safety standards. They are preferred over gear-driven motorized stirrers as they are more efficient and have no moving external parts which can break or wear out. As a result, their demand is increasing for various chemical, pharmaceutical, microbiological, biotechnological and medical applications such as dissolving nutrients and solids, growing microorganisms, and averting suspended matter from settling during titration. Further, these stirrers are used in dialysis, extraction, oil analysis, soil suspending, organic synthesis, pH measurement and sample preparation. In recent years, manufacturers have been financing research and development activities to introduce new designs that reduce time and improve work efficiency. Apart from this, an increase in the number of testing and research facilities worldwide is anticipated to catalyze the demand for magnetic stirrers in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnetic stirrer market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, display type and end-user.
Breakup by Product Type:
Regular Magnetic Stirrer
Hot-Plate Magnetic Stirrer
Multi-Position Magnetic Stirrer
Breakup by Display Type:
Digital
Analog
Breakup by End-User:
Chemical and Pharmaceutical Industry
Research Laboratories and Institutes
Others
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Corning Incorporated, Grant Instruments (Cambridge) Ltd., IKA Works GmbH & Co. KG, Scientific Industries, Inc., Thermo Fisher Scientific Inc., Cole-Parmer, Azzota Scientific, Dynalab Corp., Hanna Instruments, Heidolph Instruments GmbH & CO. KG, Neu-tec Group Inc., SCILOGEX, LLC, and Troemner, LLC.
Key Questions Answered in This Report:
How has the global magnetic stirrer market performed so far and how will it perform in the coming years?
What are the key regional markets in the global magnetic stirrer industry?
What has been the impact of COVID-19 on the global magnetic stirrer industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the display type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global magnetic stirrer industry?
What are the key driving factors and challenges in the global magnetic stirrer industry?
What is the structure of the global magnetic stirrer industry and who are the key players?
What is the degree of competition in the global magnetic stirrer industry?
What are the profit margins in the global magnetic stirrer industry?
The global magnetic stirrer market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028.
A magnetic stirrer, also known as a magnetic mixer, is a laboratory equipment comprising a rotating magnet or stationary electromagnet that generates a rotating magnetic field to stir fluids and create a homogenous mixture. The process of magnetic stirring helps in boosting sensor response time by allowing the measuring instruments to acquire stable readings. It operates silently and assists in stirring closed systems without the need for isolation. Moreover, owing to its compact size, a magnetic stirrer can be cleaned and sterilized more quickly than conventional devices like stirring rods.
Magnetic stirrers are relatively reliable, easy to use, and aid in meeting the required safety standards. They are preferred over gear-driven motorized stirrers as they are more efficient and have no moving external parts which can break or wear out. As a result, their demand is increasing for various chemical, pharmaceutical, microbiological, biotechnological and medical applications such as dissolving nutrients and solids, growing microorganisms, and averting suspended matter from settling during titration. Further, these stirrers are used in dialysis, extraction, oil analysis, soil suspending, organic synthesis, pH measurement and sample preparation. In recent years, manufacturers have been financing research and development activities to introduce new designs that reduce time and improve work efficiency. Apart from this, an increase in the number of testing and research facilities worldwide is anticipated to catalyze the demand for magnetic stirrers in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnetic stirrer market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, display type and end-user.
Breakup by Product Type:
Regular Magnetic Stirrer
Hot-Plate Magnetic Stirrer
Multi-Position Magnetic Stirrer
Breakup by Display Type:
Digital
Analog
Breakup by End-User:
Chemical and Pharmaceutical Industry
Research Laboratories and Institutes
Others
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Corning Incorporated, Grant Instruments (Cambridge) Ltd., IKA Works GmbH & Co. KG, Scientific Industries, Inc., Thermo Fisher Scientific Inc., Cole-Parmer, Azzota Scientific, Dynalab Corp., Hanna Instruments, Heidolph Instruments GmbH & CO. KG, Neu-tec Group Inc., SCILOGEX, LLC, and Troemner, LLC.
Key Questions Answered in This Report:
How has the global magnetic stirrer market performed so far and how will it perform in the coming years?
What are the key regional markets in the global magnetic stirrer industry?
What has been the impact of COVID-19 on the global magnetic stirrer industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the display type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global magnetic stirrer industry?
What are the key driving factors and challenges in the global magnetic stirrer industry?
What is the structure of the global magnetic stirrer industry and who are the key players?
What is the degree of competition in the global magnetic stirrer industry?
What are the profit margins in the global magnetic stirrer industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL MAGNETIC STIRRER MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Product Type
5.5Market Breakup by Display Type
5.6Market Breakup by End-User
5.7Market Breakup by Region
5.8Market Forecast
6 MARKET BREAKUP BY PRODUCT TYPE
6.1Regular Magnetic Stirrer
6.1.1Market Trends
6.1.2Market Forecast
6.2Hot-Plate Magnetic Stirrer
6.2.1Market Trends
6.2.2Market Forecast
6.3Multi-Position Magnetic Stirrer
6.3.1Market Trends
6.3.2Market Forecast
7 MARKET BREAKUP BY DISPLAY TYPE
7.1Digital
7.1.1Market Trends
7.1.2Market Forecast
7.2Analog
7.2.1Market Trends
7.2.2Market Forecast
8 MARKET BREAKUP BY END-USER
8.1Chemical and Pharmaceutical Industry
8.1.1Market Trends
8.1.2Market Forecast
8.2Research Laboratories and Institutes
8.2.1Market Trends
8.2.2Market Forecast
8.3Others
8.3.1Market Trends
8.3.2Market Forecast
9 MARKET BREAKUP BY REGION
9.1North America
9.1.1Market Trends
9.1.2Market Forecast
9.2Asia Pacific
9.2.1Market Trends
9.2.2Market Forecast
9.3Europe
9.3.1Market Trends
9.3.2Market Forecast
9.4Middle East and Africa
9.4.1Market Trends
9.4.2Market Forecast
9.5Latin America
9.5.1Market Trends
9.5.2Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
12 PORTER’S FIVE FORCES ANALYSIS
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Corning Incorporated
14.3.2Grant Instruments (Cambridge) Ltd.
14.3.3IKA Works GmbH & Co. KG
14.3.4Scientific Industries, Inc.
14.3.5Thermo Fisher Scientific Inc.
14.3.6Cole-Parmer
14.3.7Azzota Scientific
14.3.8Dynalab Corp.
14.3.9Hanna Instruments
14.3.10 Heidolph Instruments GmbH & CO. KG
14.3.11 Neu-tec Group Inc.
14.3.12 SCILOGEX, LLC
14.3.13 Troemner, LLC
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL MAGNETIC STIRRER MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Product Type
5.5Market Breakup by Display Type
5.6Market Breakup by End-User
5.7Market Breakup by Region
5.8Market Forecast
6 MARKET BREAKUP BY PRODUCT TYPE
6.1Regular Magnetic Stirrer
6.1.1Market Trends
6.1.2Market Forecast
6.2Hot-Plate Magnetic Stirrer
6.2.1Market Trends
6.2.2Market Forecast
6.3Multi-Position Magnetic Stirrer
6.3.1Market Trends
6.3.2Market Forecast
7 MARKET BREAKUP BY DISPLAY TYPE
7.1Digital
7.1.1Market Trends
7.1.2Market Forecast
7.2Analog
7.2.1Market Trends
7.2.2Market Forecast
8 MARKET BREAKUP BY END-USER
8.1Chemical and Pharmaceutical Industry
8.1.1Market Trends
8.1.2Market Forecast
8.2Research Laboratories and Institutes
8.2.1Market Trends
8.2.2Market Forecast
8.3Others
8.3.1Market Trends
8.3.2Market Forecast
9 MARKET BREAKUP BY REGION
9.1North America
9.1.1Market Trends
9.1.2Market Forecast
9.2Asia Pacific
9.2.1Market Trends
9.2.2Market Forecast
9.3Europe
9.3.1Market Trends
9.3.2Market Forecast
9.4Middle East and Africa
9.4.1Market Trends
9.4.2Market Forecast
9.5Latin America
9.5.1Market Trends
9.5.2Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
12 PORTER’S FIVE FORCES ANALYSIS
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Corning Incorporated
14.3.2Grant Instruments (Cambridge) Ltd.
14.3.3IKA Works GmbH & Co. KG
14.3.4Scientific Industries, Inc.
14.3.5Thermo Fisher Scientific Inc.
14.3.6Cole-Parmer
14.3.7Azzota Scientific
14.3.8Dynalab Corp.
14.3.9Hanna Instruments
14.3.10 Heidolph Instruments GmbH & CO. KG
14.3.11 Neu-tec Group Inc.
14.3.12 SCILOGEX, LLC
14.3.13 Troemner, LLC
LIST OF TABLES
Table 1: Global: Magnetic Stirrer Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Magnetic Stirrer Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Magnetic Stirrer Market Forecast: Breakup by Display Type (in Million US$), 2023-2028
Table 4: Global: Magnetic Stirrer Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 5: Global: Magnetic Stirrer Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Magnetic Stirrer Market Structure
Table 7: Global: Magnetic Stirrer Market: Key Players
Table 1: Global: Magnetic Stirrer Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Magnetic Stirrer Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Magnetic Stirrer Market Forecast: Breakup by Display Type (in Million US$), 2023-2028
Table 4: Global: Magnetic Stirrer Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 5: Global: Magnetic Stirrer Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Magnetic Stirrer Market Structure
Table 7: Global: Magnetic Stirrer Market: Key Players
LIST OF FIGURES
Figure 1: Global: Magnetic Stirrer Market: Major Drivers and Challenges
Figure 2: Global: Magnetic Stirrer Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Magnetic Stirrer Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Magnetic Stirrer Market: Breakup by Display Type (in %), 2022
Figure 5: Global: Magnetic Stirrer Market: Breakup by End-User (in %), 2022
Figure 6: Global: Magnetic Stirrer Market: Breakup by Region (in %), 2022
Figure 7: Global: Magnetic Stirrer Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Magnetic Stirrer Industry: SWOT Analysis
Figure 9: Global: Magnetic Stirrer Industry: Value Chain Analysis
Figure 10: Global: Magnetic Stirrer Industry: Porter’s Five Forces Analysis
Figure 11: Global: Magnetic Stirrer (Regular Magnetic Stirrer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Magnetic Stirrer (Regular Magnetic Stirrer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Magnetic Stirrer (Hot-Plate Magnetic Stirrer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Magnetic Stirrer (Hot-Plate Magnetic Stirrer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Magnetic Stirrer (Multi-Position Magnetic Stirrer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Magnetic Stirrer (Multi-Position Magnetic Stirrer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Magnetic Stirrer (Digital) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Magnetic Stirrer (Digital) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Magnetic Stirrer (Analog) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Magnetic Stirrer (Analog) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Magnetic Stirrer (Chemical and Pharmaceutical Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Magnetic Stirrer (Chemical and Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Magnetic Stirrer (Research Laboratories and Institutes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Magnetic Stirrer (Research Laboratories and Institutes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Magnetic Stirrer (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Magnetic Stirrer (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Asia Pacific: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Asia Pacific: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Europe: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Europe: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Middle East and Africa: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Middle East and Africa: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Latin America: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Latin America: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 1: Global: Magnetic Stirrer Market: Major Drivers and Challenges
Figure 2: Global: Magnetic Stirrer Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Magnetic Stirrer Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Magnetic Stirrer Market: Breakup by Display Type (in %), 2022
Figure 5: Global: Magnetic Stirrer Market: Breakup by End-User (in %), 2022
Figure 6: Global: Magnetic Stirrer Market: Breakup by Region (in %), 2022
Figure 7: Global: Magnetic Stirrer Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Magnetic Stirrer Industry: SWOT Analysis
Figure 9: Global: Magnetic Stirrer Industry: Value Chain Analysis
Figure 10: Global: Magnetic Stirrer Industry: Porter’s Five Forces Analysis
Figure 11: Global: Magnetic Stirrer (Regular Magnetic Stirrer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Magnetic Stirrer (Regular Magnetic Stirrer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Magnetic Stirrer (Hot-Plate Magnetic Stirrer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Magnetic Stirrer (Hot-Plate Magnetic Stirrer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Magnetic Stirrer (Multi-Position Magnetic Stirrer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Magnetic Stirrer (Multi-Position Magnetic Stirrer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Magnetic Stirrer (Digital) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Magnetic Stirrer (Digital) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Magnetic Stirrer (Analog) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Magnetic Stirrer (Analog) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Magnetic Stirrer (Chemical and Pharmaceutical Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Magnetic Stirrer (Chemical and Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Magnetic Stirrer (Research Laboratories and Institutes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Magnetic Stirrer (Research Laboratories and Institutes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Magnetic Stirrer (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Magnetic Stirrer (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Asia Pacific: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Asia Pacific: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Europe: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Europe: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Middle East and Africa: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Middle East and Africa: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Latin America: Magnetic Stirrer Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Latin America: Magnetic Stirrer Market Forecast: Sales Value (in Million US$), 2023-2028
