Global Orbital Shakers Market Revenue to Expand at a CAGR of 6.6% during the Forecast Period (2018-2027), Driven by an Increase in Adoption by Laboratories for Conducting Research Activities such as Culturing Microbes and Mixing.
An increase in health issues and changing environmental conditions is resulting in an increase in the need to create specific products suitable for today’s conditions. The need to conduct laboratory research to produce different condition-specific products in medical, healthcare, and industrial fields is boosting the demand for laboratory filtration equipment and supplies, owing to which the demand for orbital shakers is simultaneously increasing.
Rapid growth in industrial research and development is creating the need for installing orbital shakers, which are popular due to their unique features.
Orbital shakers are used to shake solutions for mixing. They are mostly used in laboratories and other industrial applications where solutions need to be shaken for a longer and constant rate. The shakers are available in different sizes, formats, heated or refrigerated, open air, and others. The specifications are chosen based on the application requirements of orbital shakers. The manufacturers of orbital shakers constantly upgrade their products to deliver industry-specific products and generate more compliant shakers.
An increase in the number of government initiatives to fuel research in laboratories for the improvement of the quality of products and generate specific products is fuelling the demand for orbital shakers. The importance of orbital shakers in laboratory applications has been irreplaceable in the past few decades as the manufacturers of orbital shakers are offering different variations in these products, such as those that range from an rpm of 25 to 250 and others.
This is boosting their popularity in laboratories. Furthermore, orbital shakers are mostly preferred for their lowest speed in the laboratory shaker category for creating application-specific end products.
The global orbital shakers market is estimated to witness a single-digit CAGR in terms of value and volume and reach USD 1.02 billion by 2027. The increase in the number of laboratory research projects and the growth in industrial-based research in healthcare and pharmaceuticals are some of the prime factors responsible for the market's growth.
The increasing number of research studies on cell growth, staining of electrophoresis gels, and dissolution-based studies are some of the prime parameters contributing to the increasing demand for the orbital shakers market.
The orbital shaker market is segmented by type, considering the types of orbital shakers and their applications in different industrial and private areas. The market is segmented into automatic and semi-automatic orbital shakers.
The revenue contribution from the automatic orbital shakers segment is expected to expand at a CAGR of 6.8% during the forecast period due to increased preference for automatic orbital shakers in laboratories as experimental equipment. Automatic orbital shakers are widely preferred nowadays due to their ability to adjust the shaking speed based on the load of substances in the equipment.
Based on application, the orbital shakers market is segmented into industrial and experimental equipment. The applications of orbital shakers differ as per their areas of usage and functions. Considering the segmentation based on the applications of orbital shakers, the experimental equipment segment is expected to witness a significant growth rate over the forecast period.
An increase in the number of laboratory experiments, such as higher-speed orbital shakers for bacterial incubation and others, is creating broad application areas for orbital shakers, boosting the demand.
The global orbital shakers market is segmented based on region into North America, Latin America, Europe, Japan, APEJ, and MEA. Considering the revenue generation from the sale of orbital shakers, the North American region is expected to dominate the global market and hold a significant market share by the end of 2018, and a similar trend is expected to continue during the forecast period.
The rapid increase in research activities in North America and the availability of a larger amount of funding for private research center organizations are prime factors boosting the demand for orbital shakers. The APEJ orbital shaker market is expected to grow at the highest CAGR due to rapidly increasing industrialization, which has increased enterprises' focus on conducting research activities. This is expected to ultimately fuel the demand for orbital shakers in this region.
Some of the popular vendors of orbital shakers are:
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The decorative plastic and paper laminates market is predicted to grow at 6.6% CAGR through 2032.
North America orbital shakers holds the highest revenue potential.
The orbital shakers market is expected to surpass USD 3.68 Bn by 2032.
The orbital shakers market size is anticipated to be over USD 1.94 Bn in 2022.
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Orbital Shakers Market
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