Global Hot Plate Stirrer Market 2024-2028

The hot plate stirrer market is forecasted to grow by USD 437.42 mn during 2023-2028, accelerating at a CAGR of 6.37% during the forecast period. The report on the hot plate stirrer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advancements in design and functioning of hot plate stirrers, growth of primary end-users, and rapid growth of e-commerce.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.23%
CAGR	6.37%
Incremental Value	$437.42mn

Technavio's hot plate stirrer market is segmented as below:

By Material

Ceramic
Aluminum

By End-user

Pharmaceutical and chemical
Academic research and clinical biology
Others

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the increased level of automation and improved energy efficiency as one of the prime reasons driving the hot plate stirrer market growth during the next few years. Also, gaining prominence of magnetic stirrer solutions in biomedical sector and migration of manufacturing and sales facilities to Asia will lead to sizable demand in the market.

The report on the hot plate stirrer market covers the following areas:

Hot plate stirrer market sizing
Hot plate stirrer market forecast
Hot plate stirrer market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hot plate stirrer market vendors that include Abdos Labtech Pvt. Ltd., AHN Biotechnologie GmbH, Benchmark Scientific Inc., Biosan, Camlab Ltd., Cole Parmer Instrument Co. LLC, Corning Inc., DLAB Scientific Inc., Electron Microscopy Sciences, Genei Laboratories Pvt. Ltd., Heidolph Instruments GmbH and CO. KG, Holmarc Opto Mechatronics Ltd., IKA Werke GmbH and CO. KG, Merck KGaA, Neuation Technologies Pvt. Ltd., OHAUS Corp., Thermo Fisher Scientific Inc., VELP Scientifica Srl, VWR International LLC, Falc Instruments Srl, and Grant Instruments Cambridge Ltd.. Also, the hot plate stirrer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR46460

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Material
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global hot plate stirrer market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global hot plate stirrer market 2018 - 2022 ($ million)
4.2 Material Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Material Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Material

6.1 Market segments
Exhibit 30: Chart on Material - Market share 2023-2028 (%)
Exhibit 31: Data Table on Material - Market share 2023-2028 (%)
6.2 Comparison by Material
Exhibit 32: Chart on Comparison by Material
Exhibit 33: Data Table on Comparison by Material
6.3 Ceramic - Market size and forecast 2023-2028
Exhibit 34: Chart on Ceramic - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Ceramic - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Ceramic - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Ceramic - Year-over-year growth 2023-2028 (%)
6.4 Aluminum - Market size and forecast 2023-2028
Exhibit 38: Chart on Aluminum - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Aluminum - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Aluminum - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Aluminum - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Material
Exhibit 42: Market opportunity by Material ($ million)
Exhibit 43: Data Table on Market opportunity by Material ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Pharmaceutical and chemical - Market size and forecast 2023-2028
Exhibit 48: Chart on Pharmaceutical and chemical - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Pharmaceutical and chemical - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Pharmaceutical and chemical - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Pharmaceutical and chemical - Year-over-year growth 2023-2028 (%)
7.4 Academic research and clinical biology - Market size and forecast 2023-2028
Exhibit 52: Chart on Academic research and clinical biology - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Academic research and clinical biology - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Academic research and clinical biology - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Academic research and clinical biology - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ million)
Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
Exhibit 75: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 Canada - Market size and forecast 2023-2028
Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 AHN Biotechnologie GmbH
Exhibit 111: AHN Biotechnologie GmbH - Overview
Exhibit 112: AHN Biotechnologie GmbH - Product / Service
Exhibit 113: AHN Biotechnologie GmbH - Key offerings
12.4 Benchmark Scientific Inc.
Exhibit 114: Benchmark Scientific Inc. - Overview
Exhibit 115: Benchmark Scientific Inc. - Product / Service
Exhibit 116: Benchmark Scientific Inc. - Key offerings
12.5 Biosan
Exhibit 117: Biosan - Overview
Exhibit 118: Biosan - Product / Service
Exhibit 119: Biosan - Key offerings
12.6 Camlab Ltd.
Exhibit 120: Camlab Ltd. - Overview
Exhibit 121: Camlab Ltd. - Product / Service
Exhibit 122: Camlab Ltd. - Key offerings
12.7 Cole Parmer Instrument Co. LLC
Exhibit 123: Cole Parmer Instrument Co. LLC - Overview
Exhibit 124: Cole Parmer Instrument Co. LLC - Product / Service
Exhibit 125: Cole Parmer Instrument Co. LLC - Key news
Exhibit 126: Cole Parmer Instrument Co. LLC - Key offerings
12.8 Corning Inc.
Exhibit 127: Corning Inc. - Overview
Exhibit 128: Corning Inc. - Business segments
Exhibit 129: Corning Inc. - Key news
Exhibit 130: Corning Inc. - Key offerings
Exhibit 131: Corning Inc. - Segment focus
12.9 Electron Microscopy Sciences
Exhibit 132: Electron Microscopy Sciences - Overview
Exhibit 133: Electron Microscopy Sciences - Product / Service
Exhibit 134: Electron Microscopy Sciences - Key offerings
12.10 Falc Instruments Srl
Exhibit 135: Falc Instruments Srl - Overview
Exhibit 136: Falc Instruments Srl - Product / Service
Exhibit 137: Falc Instruments Srl - Key offerings
12.11 Grant Instruments Cambridge Ltd.
Exhibit 138: Grant Instruments Cambridge Ltd. - Overview
Exhibit 139: Grant Instruments Cambridge Ltd. - Product / Service
Exhibit 140: Grant Instruments Cambridge Ltd. - Key offerings
12.12 Heidolph Instruments GmbH and CO. KG
Exhibit 141: Heidolph Instruments GmbH and CO. KG - Overview
Exhibit 142: Heidolph Instruments GmbH and CO. KG - Product / Service
Exhibit 143: Heidolph Instruments GmbH and CO. KG - Key offerings
12.13 IKA Werke GmbH and CO. KG
Exhibit 144: IKA Werke GmbH and CO. KG - Overview
Exhibit 145: IKA Werke GmbH and CO. KG - Product / Service
Exhibit 146: IKA Werke GmbH and CO. KG - Key offerings
12.14 Merck KGaA
Exhibit 147: Merck KGaA - Overview
Exhibit 148: Merck KGaA - Product / Service
Exhibit 149: Merck KGaA - Key offerings
12.15 Thermo Fisher Scientific Inc.
Exhibit 150: Thermo Fisher Scientific Inc. - Overview
Exhibit 151: Thermo Fisher Scientific Inc. - Business segments
Exhibit 152: Thermo Fisher Scientific Inc. - Key news
Exhibit 153: Thermo Fisher Scientific Inc. - Key offerings
Exhibit 154: Thermo Fisher Scientific Inc. - Segment focus
12.16 VELP Scientifica Srl
Exhibit 155: VELP Scientifica Srl - Overview
Exhibit 156: VELP Scientifica Srl - Product / Service
Exhibit 157: VELP Scientifica Srl - Key offerings
12.17 VWR International LLC
Exhibit 158: VWR International LLC - Overview
Exhibit 159: VWR International LLC - Product / Service
Exhibit 160: VWR International LLC - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 163: Currency conversion rates for US$
13.4 Research methodology
Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources
13.5 List of abbreviations
Exhibit 167: List of abbreviations