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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