Automatic Control Valves Sales

Automatic Control Valves Sales Market Outlook

The global automatic control valves market is projected to reach USD 10 billion by 2035, with an anticipated compound annual growth rate (CAGR) of approximately 5.5% during the forecast period from 2025 to 2035. The growing demand for efficient fluid control systems in various industries, such as water treatment, oil and gas, and power generation, is a significant growth factor propelling the market. Additionally, the increasing emphasis on operational efficiency and safety in industrial processes, combined with the rising need for automation in manufacturing and process industries, contributes to the expansion of the market. The integration of advanced technologies, such as IoT and smart sensors, into automatic control valves further enhances their functionality and appeal, driving market growth. Moreover, the ongoing trend toward sustainable and environmentally friendly practices is encouraging industries to adopt automated solutions for better resource management.

Growth Factor of the Market

The automatic control valves market is experiencing a robust growth trajectory primarily due to the increasing necessity for effective management of fluids across various sectors. Industries such as water and wastewater management are increasingly relying on automatic control valves to maintain proper pressure and flow, minimize waste, and ensure compliance with environmental regulations. Moreover, the oil and gas industry is adopting more automated processes to enhance safety, reduce operational costs, and improve efficiency in drilling and production activities. The push towards Industry 4.0 has also led to the integration of automation technologies, enabling real-time monitoring and control of valve operations, thus making automatic control valves indispensable in modern production environments. Additionally, the growing trend of urbanization is leading to increased investments in infrastructure development, which further fuels the demand for automatic control valves in construction and maintenance of municipal water systems. Lastly, the rising focus on energy efficiency and sustainability enhances the market outlook, as industries seek to optimize operations and reduce their carbon footprint.

Key Highlights of the Market

• The automatic control valves market is projected to reach USD 10 billion by 2035.
• North America holds a significant share, driven by advancements in the oil and gas sector.
• The water and wastewater application segment is expected to dominate market share due to increasing urbanization.
• Ball valves are the most widely used product type, owing to their reliability and performance.
• Stainless steel is the leading material type due to its corrosion resistance and durability.

By Product Type

Ball Valves:

Ball valves are among the most commonly used automatic control valves due to their simple design and reliable operation. They operate by rotating a ball with a hole through it, allowing or obstructing flow when the valve is open or closed, respectively. These valves are suitable for various applications, including water supply, gas distribution, and chemical processing, due to their ability to provide tight sealing and minimal pressure drop. Furthermore, advancements in materials and manufacturing techniques have enhanced their durability and overall performance, making them highly desirable in industries requiring stringent safety and performance standards. The ease of operation and maintenance of ball valves further adds to their attractiveness, leading to their widespread adoption across multiple sectors.

Butterfly Valves:

Butterfly valves are designed with a rotating disc that controls the flow of fluid, making them ideal for applications requiring quick shut-off. Known for their lightweight construction and compact design, they are commonly used in large pipelines where space is a constraint. The growth of the global butterfly valve market can be attributed to the increasing demand for efficient flow control solutions in industries such as water treatment, HVAC systems, and chemical processing. These valves are particularly favored for their low operational costs and ease of installation. Additionally, the rising trend toward automation and smart valve control systems enhances their functionality and operational efficiency, further propelling market expansion.

Diaphragm Valves:

Diaphragm valves employ a flexible diaphragm to regulate fluid flow, making them especially suitable for handling corrosive and viscous fluids. Their design minimizes the risk of contamination, making them ideal for applications in the pharmaceutical and food industries where hygiene is paramount. As industries increasingly focus on quality control and operational efficiency, the demand for diaphragm valves is anticipated to rise significantly. Moreover, advancements in diaphragm materials have improved their performance and durability, thus boosting their adoption in various sectors. The growing emphasis on safety and environmental compliance in manufacturing processes also contributes to the market growth of diaphragm valves.

Globe Valves:

Globe valves are primarily used for throttling and regulating flow in pipelines, characterized by their spherical body shape. They provide excellent flow control and can handle high-pressure applications, making them ideal for sectors such as power generation and petroleum refining. The global demand for globe valves is driven by their ability to maintain precise flow rates and their robust design, which can withstand extreme conditions. Additionally, the rising focus on energy efficiency and process optimization in industrial applications enhances their attractiveness, contributing to the globe valve market's growth. The versatility of globe valves in various applications further supports their sustained demand across multiple sectors.

Gate Valves:

Gate valves are primarily designed for fully open or fully closed operation, allowing for minimal pressure drop across the valve when fully open. They are commonly used in applications where a straight-line flow of fluid is essential, such as in power plants and water supply systems. The market for gate valves is driven by their simple design and reliable performance, which make them a popular choice in many industrial applications. However, their inability to regulate flow effectively makes them less suitable for throttling applications. As industries continue to prioritize efficiency and reliability, the demand for gate valves is expected to grow steadily, particularly in sectors dealing with high volumes of fluid transport.

By Application

Water & Wastewater:

The water and wastewater segment is a significant contributor to the automatic control valves market, driven by the increasing population and urbanization leading to higher demands for water supply and wastewater treatment facilities. Automatic control valves play a crucial role in maintaining pressure and flow rates in treatment plants and distribution networks, ensuring the effective operation of water supply systems. Furthermore, the growing emphasis on efficient water management and environmental sustainability is prompting municipalities and companies to invest in advanced valve solutions. With governments worldwide implementing stricter regulations on water quality and treatment processes, the demand for reliable and efficient automatic control valves in the water and wastewater sector is expected to rise significantly.

Oil & Gas:

The oil and gas industry remains one of the most significant applications for automatic control valves, owing to the need for precise control of fluid flow in exploration, production, and distribution processes. These valves are essential in ensuring safe and efficient operations, particularly in high-pressure environments prevalent in offshore and onshore drilling activities. The continued exploration of new oil and gas reserves, along with the growing focus on refining and transportation efficiency, is driving the demand for advanced control valves in this sector. Additionally, the industry's increasing adoption of automation technologies and smart valve solutions enhances operational efficiency and reduces the risk of accidents, further propelling market growth.

Power Generation:

In the power generation sector, automatic control valves are crucial for regulating the flow of steam, water, and other fluids in power plants. Their ability to withstand high pressures and temperatures makes them ideal for various applications, including fossil fuel and renewable energy plants. The increasing global demand for electricity and the shift towards cleaner energy sources are driving investments in new power generation facilities, which in turn fuels the demand for advanced valve solutions. Moreover, the push for operational efficiency and the integration of automation technologies in power generation processes enhances the need for reliable automatic control valves, promoting further market expansion.

Chemicals:

The chemical processing industry relies heavily on automatic control valves for the safe and efficient handling of corrosive and hazardous materials. These valves play a vital role in maintaining operational safety and product quality, as they can effectively control flow rates and pressure in various processes. With the ongoing growth of the chemicals sector, driven by increasing industrial activities and demand for specialty chemicals, the market for automatic control valves is expected to expand significantly. Furthermore, stringent regulations regarding chemical safety and environmental protection are pushing manufacturers to invest in advanced valve technologies, further enhancing the market outlook.

Pharmaceuticals:

In the pharmaceutical industry, maintaining strict hygiene and quality standards is paramount, which drives the demand for automatic control valves designed for sanitary applications. These valves are essential for controlling fluid flow during various production processes, including drug formulation and packaging. The growing focus on research and development in the pharmaceutical sector, coupled with increasing investments in production capacity, is expected to propel the demand for advanced valve solutions. Additionally, the rise of biopharmaceuticals and personalized medicine trends necessitates the adoption of flexible and reliable control systems, further boosting the market for automatic control valves in this application.

By User

Industrial:

The industrial segment represents a significant portion of the automatic control valves market, with applications across various sectors such as manufacturing, energy, and chemical processing. Industries are increasingly adopting automated solutions to enhance operational efficiency, reduce labor costs, and improve safety measures. Automatic control valves facilitate precise flow control and pressure management, which are essential in complex industrial processes. As industries continue to evolve with advancements in automation and technology, the demand for reliable and efficient automatic control valves is expected to grow steadily, contributing to the overall market expansion.

Commercial:

In the commercial sector, automatic control valves are used in HVAC systems, water supply networks, and various building management systems. The growing need for efficient energy management and climate control in commercial buildings drives the demand for advanced valve solutions that can optimize resource usage. With increasing awareness about sustainability and operational cost savings, commercial property owners are increasingly investing in automated systems that incorporate automatic control valves. The trend towards smart buildings and the integration of IoT technologies further enhance the scope for growth in this segment, as building managers seek to implement intelligent solutions for better control and monitoring of systems.

Residential:

The residential sector is gradually adopting automatic control valves to enhance water management and energy efficiency in homes. These valves play a critical role in modern plumbing systems, providing reliable control over water flow and pressure for various household applications. As consumers become more oriented towards sustainability and energy conservation, the demand for smart home technologies, including automatic control valves that can be integrated with smart systems, is expected to rise. The growth of the residential construction market, particularly in developing regions, will further contribute to the increased adoption of automatic control valves in homes, thereby supporting market growth.

By Material Type

Stainless Steel:

Stainless steel is the most widely used material for manufacturing automatic control valves due to its excellent corrosion resistance, strength, and durability. Valves made from stainless steel are particularly suitable for applications involving harsh chemicals or extreme temperatures, making them ideal for industries such as oil and gas, chemicals, and water treatment. The growing focus on quality and reliability in valve performance drives preference towards stainless steel valves, as they can withstand demanding operating conditions without compromising functionality. Additionally, advancements in stainless steel alloys have further enhanced the performance of these valves, leading to increased adoption across various sectors.

Cast Iron:

Cast iron is a popular material choice for automatic control valves, especially in applications requiring high strength and durability at a relatively lower cost. They are particularly well-suited for water and wastewater applications due to their ability to withstand high pressures and resist wear and tear. The increasing investments in infrastructure development, particularly for municipal water systems, are expected to drive demand for cast iron valves. Furthermore, the durability and long service life of cast iron valves make them a cost-effective option for many industries, supporting their continued use in various applications.

Bronze:

Bronze is widely used in the manufacturing of automatic control valves, especially in applications involving water and marine environments. Its corrosion resistance, especially in saltwater conditions, makes bronze valves a key choice for the marine industry and other applications exposed to harsh conditions. The growing demand for reliable and long-lasting materials in fluid handling applications drives the market for bronze valves. Additionally, the combination of strength and lightweight properties of bronze aids in the ease of installation and maintenance, further enhancing its appeal for various applications.

Brass:

Brass is another commonly used material in the production of automatic control valves, favored for its excellent corrosion resistance and machinability. It is typically used in smaller valves for plumbing and HVAC applications due to its affordability and performance. The increasing focus on energy efficiency and sustainability is driving demand for brass valves, as they are often used in systems that require precise flow control. Additionally, advancements in brass alloy formulations are enhancing the performance characteristics of these valves, further boosting their adoption in various sectors.

PVC:

PVC (Polyvinyl Chloride) is increasingly being used in the manufacturing of automatic control valves, especially in applications handling corrosive fluids or where lightweight materials are preferred. PVC valves offer excellent chemical resistance, making them suitable for industries such as chemicals, wastewater, and various agricultural applications. The growing emphasis on sustainable practices and cost-effective solutions in fluid management is driving the demand for PVC valves. Moreover, the ease of installation and maintenance associated with PVC valves enhances their attractiveness for a wide range of applications, contributing to market growth.

By Region

The automatic control valves market is experiencing significant demand in North America, which is expected to account for approximately 35% of the total market share by 2035. The region's strong industrial base, particularly in the oil and gas, chemicals, and power generation sectors, drives the adoption of automated solutions, including control valves. Additionally, ongoing technological advancements and the increasing focus on operational efficiency within industries bolster the demand for high-performance automatic control valves. Furthermore, the region's commitment to infrastructure development and modernization enhances market opportunities, making it a crucial area for market players to target.

In Europe, the automatic control valves market is projected to witness a CAGR of around 4% during the forecast period. The region's stringent regulatory frameworks regarding environmental protection and safety standards drive the need for reliable and efficient valve solutions across various sectors. Additionally, the growing trend towards automation and smart technologies, particularly in manufacturing and energy sectors, further enhances the demand for automatic control valves. The expansion of renewable energy sources and the modernization of industrial processes in Europe are expected to create significant market opportunities, contributing to the overall growth of the automatic control valves market.

Opportunities

The automatic control valves market is poised for substantial growth, owing to the rapid advancements in automation technologies and the increasing integration of IoT in industrial applications. As industries continue to adopt smart technologies, the demand for automatic control valves equipped with advanced features such as remote monitoring and control is expected to rise significantly. This shift towards automation not only enhances operational efficiency but also enables real-time decision-making, reducing downtime and improving safety. Furthermore, the growing focus on sustainability and energy efficiency presents an opportunity for manufacturers to develop innovative valve solutions that meet the evolving needs of customers. By leveraging these technological advancements, market players can capitalize on the opportunities presented by the ongoing industrial transformation and enhance their competitive edge.

Additionally, the increasing investments in infrastructure development globally will create new avenues for the automatic control valves market. As governments prioritize the modernization of water supply systems, energy generation facilities, and industrial processes, the need for reliable and high-performance control valves becomes paramount. The emphasis on sustainable practices in water management and waste treatment further enhances the demand for advanced valve solutions. Moreover, the potential for growth in emerging economies, driven by urbanization and industrialization, presents significant opportunities for market players to expand their reach and establish a strong presence in these regions. By focusing on innovation, quality, and customer satisfaction, companies can unlock new growth opportunities in the automatic control valves market.

Threats

Despite the promising growth prospects, the automatic control valves market faces several challenges that could hinder its expansion. One significant threat is the volatility in raw material prices, which can adversely impact production costs and profit margins for manufacturers. Fluctuating prices of materials such as stainless steel, brass, and PVC may lead to unpredictable pricing strategies, complicating supply chain management and potentially affecting customer relationships. Additionally, the increasing competition from low-cost manufacturers, particularly in emerging markets, poses a challenge to established players in the market. These low-cost alternatives may compromise quality and reliability, thus threatening the market share of premium products. Furthermore, evolving regulatory standards and compliance requirements may necessitate substantial investments in research and development for manufacturers to remain competitive, creating additional financial strain.

Another potential restraining factor for the automatic control valves market is the lack of skilled labor and expertise in the field of automation. As industries adopt more complex and advanced valve systems, the need for trained personnel who can operate and maintain these systems becomes crucial. The skills gap in the workforce can lead to operational inefficiencies, increased downtime, and higher maintenance costs, ultimately hindering market growth. Moreover, the rapid pace of technological advancements may create challenges for companies to keep up with the latest innovations and trends, further exacerbating the skills gap. To address these threats, industry stakeholders must invest in training and development programs to equip the workforce with the necessary skills and knowledge to navigate the evolving landscape of the automatic control valves market.

Competitor Outlook

• Emerson Electric Co.
• Flowserve Corporation
• Honeywell International Inc.
• Valmet Corporation
• GE (General Electric) Company
• Schneider Electric SE
• Crane Co.
• Pentair plc
• KSB SE & Co. KGaA
• Sekisui Chemical Co., Ltd.
• Spirax Sarco Limited
• Siemens AG
• Samson AG
• Tokyo Valve Manufacturing Co., Ltd.
• Velan Inc.

The competitive landscape of the automatic control valves market is characterized by the presence of several established players and a growing number of new entrants. Major companies are focusing on technological advancements and innovation to develop high-performance valve solutions that cater to the evolving needs of various industries. Partnerships, collaborations, and mergers and acquisitions are common strategies employed by market players to enhance their product offerings and expand their global reach. Additionally, there is a growing emphasis on sustainability and energy efficiency, prompting companies to invest in research and development to create environmentally friendly valve solutions. The competitive pressure in the market is expected to intensify as more players enter the field, necessitating continuous improvement in product quality and customer service to maintain a competitive edge.

Leading companies such as Emerson Electric Co. and Flowserve Corporation stand out in the automatic control valves market, leveraging their extensive product portfolios and global presence. Emerson Electric Co. offers a wide range of automatic control valves and associated technologies, providing customized solutions for diverse applications. The company’s commitment to innovation and sustainability positions it as a leader in the industry, enabling it to effectively address the growing demand for advanced fluid control solutions. Similarly, Flowserve Corporation is recognized for its expertise in critical flow control products and services, catering to various sectors, including oil and gas, chemicals, and power generation. The company's dedication to operational excellence and customer satisfaction further enhances its competitive positioning.

Another key player, Honeywell International Inc., is renowned for its comprehensive range of automatic control valves and intelligent automation solutions. The company's focus on integrating advanced technologies, such as IoT and data analytics, allows it to provide enhanced control and monitoring capabilities for its valve systems. This technological edge helps Honeywell maintain its competitive advantage in an increasingly automated industrial landscape. Additionally, Valmet Corporation's commitment to sustainable development and process optimization in industries positions it as a significant player in the automatic control valves market. The company's innovative solutions and expertise in automation empower customers to achieve operational efficiency while minimizing their environmental impact.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Crane Co.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Samson AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Velan Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Pentair plc
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 KSB SE & Co. KGaA
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Valmet Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Emerson Electric Co.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Spirax Sarco Limited
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Flowserve Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Schneider Electric SE
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Sekisui Chemical Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Honeywell International Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 GE (General Electric) Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Tokyo Valve Manufacturing Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automatic Control Valves Sales Market, By User
    • 6.1.1 Industrial
    • 6.1.2 Commercial
    • 6.1.3 Residential
  • 6.2 Automatic Control Valves Sales Market, By Application
    • 6.2.1 Water & Wastewater
    • 6.2.2 Oil & Gas
    • 6.2.3 Power Generation
    • 6.2.4 Chemicals
    • 6.2.5 Pharmaceuticals
  • 6.3 Automatic Control Valves Sales Market, By Product Type
    • 6.3.1 Ball Valves
    • 6.3.2 Butterfly Valves
    • 6.3.3 Diaphragm Valves
    • 6.3.4 Globe Valves
    • 6.3.5 Gate Valves
  • 6.4 Automatic Control Valves Sales Market, By Material Type
    • 6.4.1 Stainless Steel
    • 6.4.2 Cast Iron
    • 6.4.3 Bronze
    • 6.4.4 Brass
    • 6.4.5 PVC

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Automatic Control Valves Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automatic Control Valves Sales market is categorized based on

By Product Type

• Ball Valves
• Butterfly Valves
• Diaphragm Valves
• Globe Valves
• Gate Valves

By Application

• Water & Wastewater
• Oil & Gas
• Power Generation
• Chemicals
• Pharmaceuticals

By User

• Industrial
• Commercial
• Residential

By Material Type

• Stainless Steel
• Cast Iron
• Bronze
• Brass
• PVC

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Emerson Electric Co.
• Flowserve Corporation
• Honeywell International Inc.
• Valmet Corporation
• GE (General Electric) Company
• Schneider Electric SE
• Crane Co.
• Pentair plc
• KSB SE & Co. KGaA
• Sekisui Chemical Co., Ltd.
• Spirax Sarco Limited
• Siemens AG
• Samson AG
• Tokyo Valve Manufacturing Co., Ltd.
• Velan Inc.