Tissue Banking Size
Tissue Banking Market Growth Projections and Opportunities
The global control valve market is divided into different categories, including valve type, valve size, component, end use, and region. Valve types include gate, globe, diaphragm, ball, butterfly, check, and others. The globe segment is expected to grow the fastest during the forecast period, holding a 23.9% share in 2019. Asia-Pacific led the global market with a 35.1% share, followed by North America at 23.8% and Europe at 19.0%. The demand for control valves is rising due to increased investments in the water & wastewater industry and the construction and expansion of nuclear power plants. Valve sizes are categorized as below 1”, 1” to 6”, 6” to 25”, 25” to 50”, and above 50”. The 6” to 25” segment is projected to grow the fastest, with a 27.8% share in 2019. Control valves consist of components such as valve body, actuators, and others. The actuators segment is anticipated to have the highest growth during the forecast period, holding a 44.9% share in 2019. End-use sectors for control valves include oil & gas, water & wastewater treatment, energy & power, chemicals, food & beverages, pharmaceuticals, and others. The oil & gas segment is expected to experience the fastest growth, holding a 25.0% share in 2019. Geographically, the global control valve market is divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In summary, the control valve market is on the rise globally, driven by factors like increased investments in water & wastewater and the development of nuclear power plants. The market is segmented based on valve type, size, component, and end use, with various regions contributing to its growth. The globe valve type, 6” to 25” size, actuators component, and oil & gas end use are expected to witness the fastest growth in the coming years.
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