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
Increase in the number of health issues and changing environmental conditions are resulting in an increase in the need for creating specific products that are suitable for today’s conditions. For producing different condition-specific products in medical, healthcare as well as industrial fields and the need for conducing laboratory research is boosting the demand for laboratory equipment, owing to which the demand for orbital shakers is also simultaneously increasing.
Rapid growth in the field of research and development at the industrial level is creating the need for the installation of orbital shakers because of their unique features that are boosting their popularity.
Orbital shakers are used for the shaking of solutions for the purpose of mixing. They are mostly used in laboratories and other industrial applications where solutions need to be shaken for a longer and constant rom 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 are constantly upgrading their products to deliver industry-specific products and generate more compliant orbital shakers.
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 is irreplaceable since 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 categories of laboratory shakers 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 hence, reach US$ 1.02 Bn by 2027. Increase in the number of laboratory research projects as well as growth in industrial-based research in healthcare and pharmaceuticals, are some of the prime factors responsible for the growth of the market.
Increase in the number of research studies for 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.
On the basis of type, the orbital shakers market is segmented considering the types of orbital shakers as well as their applications in different industrial as well as private areas. Based on type, the market is segmented into automatic orbital shakers 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 an increase in the preference for automatic orbital shakers in laboratories as an experimental equipment. The automatic orbital shakers are widely preferred nowadays due to their ability to adjust the speed of shaking based on the load of substances loaded in an equipment and others.
On the basis of application, the orbital shakers market is segmented into industrial equipment, experimental equipment and others. The applications of orbital shakers differ as per their areas of usage as well as functions. Considering the segmentation based on the applications of orbital shakers, the experimental equipment segment is expected to witness significant growth rate over forecast period.
Increase in the number of laboratory experiments, such as higher-speed orbital shakers for bacterial incubation and others, is creating wide application areas for orbital shakers, which is boosting the demand for the same.
On the basis of region, the global orbital shakers market is segmented into North America, Latin America, Europe, Japan, APEJ and MEA. Considering the revenue generation from the sale of orbital shakers, the North America region is expected to dominate the global market and hold a major market share by the end of 2018, and a similar trend is expected to continue during the forecast period.
Rapid increase in research activities in North America and the availability of a larger amount of funding for private research centre organisations are some of the prime factors boosting the demand for orbital shaker. The APEJ orbital shaker market is expected to grow at the highest CAGR due to rapidly increasing industrialisation, which has resulted in an increase in the focus of enterprises 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:
- Thermo Fisher Scientific
- Benchmark Scientific
- Grant Instruments
- Heidolph Instruments GmbH & CO. KG
- Labnet International, Inc.
Key Segments Covered
- Industrial Equipment
- Experimental Equipment
Key Regions Covered
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Rest of APEJ
- GCC Countries
- South Africa
- Rest of MEA