Published: 2018-12-12   Views: 20
Author: ankush321
Published in: Business
Growing Industrial Adoption In Hotplate Stirrers Market To Shape Revenues Growth Through 2028

Hotplate Stirrers have been used widely with uniform and rugged construction to meet rigorous laboratory requirements. The ability of hotplate stirrers in laboratories to control temperature is one of the major factors driving the growth of the hotplate stirrers market. Increased levels of automation and improved energy efficiency are also supporting the rapid demand for hotplate stirrers, which, in turn, is fuelling the growth of the market. Hotplate stirrers are ubiquitously used in pharmaceutical and biotechnology facilities, industrial shops, medical testing labs, and private & university research labs, and therefore, due to this factor, the hotplate stirrers market is projected to witness robust growth during the forecast period.

A hotplate stirrer is a portable laboratory equipment that integrates a heating component or coil on a platform or board. A hotplate stirrer allows the device to maintain the sample at the required temperature while stirring. The hotplate stirrers market has witnessed considerable traction in the past few years, in terms of value. In addition to this, due to the increasing adoption of hotplate stirrers from mostly every industry vertical, especially across regions where an increasing establishment of laboratories is being witnessed, the hotplate stirrers market is expected to exhibit high growth rate during the forecast period.

Global Hotplate Stirrers Market: Drivers and Challenges

Drivers

The growing pharmaceutical industry, coupled with rising collaborations in the chemical industry, is the primary factor driving the growth of the hotplate stirrers market. Moreover, significant investments in the research and development sector of various industries is the primary factor driving the growth of the hotplate stirrers market. Also, the growing demand for laboratory testing services and increasing demand for industrial products are also creating potential growth opportunities for the hotplate stirrers market.

Apart from this, the rising focus on increasing the levels of automation and various improvements in energy efficiency in a majority of lab processes and equipment are also fuelling the growth of the hotplate stirrers market. Moreover, technological advancements in laboratory processes have also led to the increasing adoption of hotplate stirrers, and due to this factor, the hotplate stirrers market is expected to witness high growth rates during the forecast period.

Challenges

The limited sample volume capacity of hotplate stirrers is one of the major challenges for the growth of the hotplate stirrers market. The high costs associated with hotplate stirrers is also a major factor that is hampering the growth of the market.

Global Hotplate Stirrers Market: Segmentation

Segmentation on the Basis of Material Type

  • Ceramic Hot Plate
  • Aluminium Hot Plate

Segmentation on the Basis of End Use

  • Hospitals & Diagnostic Laboratories
  • Pharmaceutical & Biotechnology Companies
  • Academic & Research Laboratories
  • Others

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Global Hotplate Stirrers Market: Competition Landscape

Key Players

Prominent players in the global hotplate stirrers market are Thermo Fisher Scientific, Grant Instruments, Agilent, Benchmark Scientific, Citizen Scale, Hanna Instruments, Argos, Neutec Group, Remi Group, Labnet International, and Scilogex.

Regional Analysis:

  • North America market (U.S; Canada)
  • Latin America market (Mexico, Brazil, Rest of Latin America
  • Western Europe market (Germany, France, U.K., Spain, Italy, Nordic, Benelux, Rest of Western Europe)
  • Eastern Europe market (Poland, Russia, Rest of Eastern Europe)
  • SEA and other Asia Pacific countries market (India, Indonesia, Oceania, Singapore, Philippines, Malaysia, Thailand, Rest of SEA and other Asia Pacific countries)
  • Japan market
  • China market
  • Middle East and Africa market (GCC Countries, Turkey, North Africa, South Africa, Rest of MEA)

The report covers exhaustive analysis on:

  • Global Market Segments
  • Global Market Dynamics
  • Historical Actual Market Size, 2013–2017
  • Global Market Size & Forecast, 2018 to 2028
  • Supply & Demand Value Chain for the Market
  • Global Market Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Market Solutions Technology
  • Value Chain of the Market
  • Global Market Drivers and Restraints

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Report Highlights

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

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