Magnetic Agitators Market: Overview
Agitators are machines or mechanisms that are used in various industrial processes for mixing or stirring. Agitator is an essential equipment in a reactor for liquid process. It mixes the ingredients of the manufacturing process together. Magnetic agitator is a type of agitator that can be mounted at the bottom of the reactor or inserted into the tank from the top. Magnetic agitators are suitable for processes with high temperature and pressure to prevent product contamination and hazardous vapor emissions. These agitators do not penetrate the reactor vessel as in the case of conventional agitator. This improves the overall seal of the reactor in aseptic applications. These agitators are easy to maintain vis-à-vis the conventional agitators. Magnetic agitators are used in various end-use industries such as chemical, pharmaceutical, and biotechnological.
Magnetic Agitators Market: Trends & Demands
Rise in demand for medicines due to unhealthy lifestyle in developed economies and extensive usage of these agitators in biotechnological industries are factors augmenting the magnetic agitators market. This is prompting companies to increase production of these equipment. Additionally, easy availability of raw materials is anticipated to boost the demand for magnetic agitators in the near future.
The global magnetic agitators market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture these equipment. Development of new manufacturing processes of magnetic agitators and applications is estimated to propel the magnetic agitators market. However, volatility in prices of raw materials is projected to hamper the magnetic agitators market.
Magnetic Agitators Market: Key Segmentations
In terms of type, the global magnetic agitators market can be divided into bottom-mounted magnetic agitator and top-mounted magnetic agitator. The bottom-mounted magnetic agitator segment is anticipated to expand at a fast pace due to the increase in demand for these equipment in the chemical industry.
Based on end-use, the global magnetic agitators market can be segregated into chemical, pharmaceutical, food & beverages, biotechnological, and others. The chemical segment dominates the magnetic agitators market in emerging economies such as India and China owing to the extensive use of magnetic agitators in chemical reactors to stir chemical ingredients during the manufacturing process.
Magnetic Agitators Market: Regional Outlook
In terms of geography, the global magnetic agitators market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America and Europe are anticipated to constitute key share of the market during the forecast period. The magnetic agitators market in Asia Pacific is estimated to expand at a considerable pace owing to the increase in demand for these equipment in chemical and pharmaceutical end-use industries. Middle East & Africa is likely to be an attractive region of the global magnetic agitators market during the forecast period due to the rise in demand for these equipment in the chemical industry in the region.
Magnetic Agitators Market: Key Players
Prominent players operating in the global magnetic agitators market include ZETA Holding GmbH, ZUCCHETTI S.r.l., PIERRE GUERIN, INOXPA S.A.U, PerMix Tec Co. Ltd, Nordic Engineering, MAVAG AG, and liquitec AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.