Burner Management System

Burner Management System Market Outlook

The global Burner Management System (BMS) market is poised to witness significant growth, with a projected market size reaching approximately USD 3.5 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 6% during the forecast period from 2025 to 2035. The growth of this market can be attributed to increasing safety regulations and standards in industries utilizing burner systems, which necessitate efficient and reliable burner management solutions. Additionally, the rising demand for energy-efficient technologies across various sectors, particularly in oil and gas, power generation, and manufacturing, is driving the adoption of advanced BMS. This trend is further supported by the growing emphasis on minimizing emissions and improving overall process efficiency in industrial applications, fostering innovation in BMS technologies.

Growth Factor of the Market

Several factors are contributing to the robust growth of the Burner Management System market. Firstly, stringent safety regulations imposed by governmental bodies across various regions have necessitated the implementation of advanced BMS solutions to ensure compliance and reduce the risk of accidents. Secondly, the increasing adoption of automation in industrial processes, driven by the need for operational efficiency and cost reduction, is propelling demand for sophisticated BMS technologies. Moreover, the continuous advancements in technology, such as the integration of IoT and AI in burner management systems, are enabling real-time monitoring and predictive maintenance, thereby enhancing system reliability and performance. The rising awareness regarding environmental sustainability is also playing a crucial role, as industries strive to reduce their carbon footprint through improved energy management strategies. Furthermore, the expansion of various end-user industries, including oil and gas, chemicals, and power generation, is expected to further stimulate market growth.

Key Highlights of the Market

• Projected market size of USD 3.5 billion by 2035.
• CAGR of around 6% from 2025 to 2035.
• Increasing safety regulations driving BMS adoption.
• Technological advancements enhancing BMS efficiency.
• Growing emphasis on energy efficiency and emissions reduction.

By Component

Hardware :

The hardware segment of the Burner Management System market encompasses various physical components essential for the effective operation of burner systems. This includes safety shut-off valves, flame detectors, control panels, and ignition systems, all designed to ensure the safe and efficient operation of burners. As industries strive for enhanced safety and reliability, the demand for high-quality hardware components is witnessing a steady increase. Advanced hardware solutions are being developed to withstand harsh industrial environments, ensuring durability and longevity. Moreover, the integration of smart technologies, such as sensors and remote monitoring capabilities, is transforming traditional hardware, making it capable of providing real-time data to operators for better decision-making. The hardware segment is crucial in contributing to the overall effectiveness of BMS, as it forms the backbone of operational safety and efficiency.

Software :

Software plays a pivotal role in the Burner Management System market, providing the necessary tools for monitoring, controlling, and optimizing burner operations. Advanced software solutions enable operators to analyze real-time data, implement control strategies, and generate compliance reports, thereby enhancing overall operational efficiency. The rise of cloud-based software applications has further revolutionized the BMS landscape, allowing for remote access and control, which is particularly valuable in managing multiple burner systems across various locations. Additionally, software solutions are increasingly incorporating machine learning algorithms and predictive analytics to forecast potential issues, ensuring timely maintenance and minimizing downtime. The continuous evolution of software technologies is essential for meeting the growing demands of industries seeking to improve safety and optimize burner performance.

Services :

The services segment in the Burner Management System market encompasses a range of offerings, including system installation, maintenance, and training services. As industries implement BMS solutions, the need for expert services to ensure proper installation and configuration becomes vital. Regular maintenance services are also critical for ensuring the reliability and longevity of burner management systems, as they help identify and rectify potential issues before they escalate. Additionally, training services are essential for equipping operators and technicians with the necessary skills to effectively manage and operate BMS solutions. This segment is gaining traction as companies recognize the importance of continuous support and expertise to maximize the benefits of their burner management systems, leading to improved safety and operational performance.

By Fuel Type

Oil :

Oil remains one of the primary fuel types utilized in burner management systems, particularly in industries such as power generation and manufacturing. The versatility of oil as a fuel source, combined with its widespread availability, makes it a preferred choice for many applications. The BMS solutions designed for oil-fired systems are specifically tailored to manage the complexities associated with oil combustion, including fuel delivery, atomization, and flame stability. Additionally, as regulations surrounding emissions become increasingly stringent, burner management systems for oil applications are evolving to incorporate advanced technologies that enhance combustion efficiency and reduce environmental impact. Overall, the oil segment continues to be a significant contributor to the growth of the BMS market, driven by the need for efficient and compliant combustion processes.

Gas :

The gas segment of the Burner Management System market has gained substantial traction due to the rising preference for natural gas as a cleaner and more efficient fuel alternative. Natural gas is widely regarded for its lower emissions compared to oil and coal, making it an attractive option for industries seeking to comply with environmental regulations. BMS solutions for gas applications are designed to optimize combustion conditions, ensuring stable flame characteristics and maximizing thermal efficiency. Furthermore, advancements in gas detection technologies are enhancing safety measures in gas-fired burner systems, reducing the risk of accidents. As the global energy landscape shifts towards cleaner fuels, the gas segment is expected to experience significant growth, driven by increasing investments in natural gas infrastructure and the transition towards more sustainable energy sources.

Electricity :

The electricity segment in the Burner Management System market is emerging as a viable alternative to traditional fuel types, particularly in applications where electric burners are utilized. The growing emphasis on electrification and the transition towards renewable energy sources are propelling the adoption of electric BMS solutions. Electric burners offer several advantages, including precise temperature control, reduced emissions, and lower operational costs, making them increasingly popular in industries such as food processing and pharmaceuticals. As technological advancements continue to improve the efficiency and scalability of electric burner systems, the demand for dedicated burner management solutions is expected to rise. This segment presents significant opportunities for growth as organizations seek to modernize their heating systems and align with sustainability goals.

By Application

Boilers :

Boilers are one of the primary applications of Burner Management Systems due to their critical role in various industrial processes. BMS solutions for boilers are designed to ensure safe and efficient combustion of fuel, optimizing the heating process while minimizing emissions. The increasing demand for steam and hot water in industries such as power generation, food processing, and pharmaceuticals is driving the growth of BMS in boiler applications. As regulations regarding emissions and safety standards become more stringent, the need for reliable burner management solutions in boiler operations is becoming increasingly critical. Moreover, the integration of smart technologies within boiler BMS is enhancing real-time monitoring capabilities, enabling operators to make data-driven decisions that improve efficiency and reduce operational risks.

Furnaces :

Burner Management Systems are extensively utilized in furnace applications across various industries, including metal processing, glass manufacturing, and ceramics. The effectiveness of a furnace largely depends on the precise control of the combustion process, which is facilitated by advanced BMS solutions. These systems ensure that the necessary temperature profiles are maintained while optimizing fuel consumption and minimizing emissions. The need for maintaining product quality and consistency in furnace operations is driving the demand for sophisticated burner management technologies. Additionally, the increasing focus on process automation and digitization within the manufacturing sector is further propelling the growth of BMS solutions in furnace applications, as companies seek to enhance operational efficiency and maintain regulatory compliance.

Kilns :

Kilns are another significant application area for Burner Management Systems, particularly in industries such as ceramics, cement, and food processing. The operation of kilns is highly dependent on the controlled combustion of fuel to achieve the desired temperatures for processing materials. BMS solutions for kilns are essential for ensuring safety, efficiency, and regulatory compliance throughout the heating process. As kiln operations often involve high temperatures and complex combustion dynamics, advanced BMS technologies are being employed to monitor and manage these systems effectively. The growing emphasis on energy efficiency and emissions reduction in kiln operations is driving the adoption of innovative burner management solutions, further enhancing the growth of this segment.

Ovens :

Ovens, particularly in the food processing and manufacturing sectors, are increasingly incorporating Burner Management Systems to enhance operational efficiency and safety. BMS solutions for ovens are designed to optimize the combustion process, ensuring consistent temperature control and minimizing fuel consumption. As consumer demand for quality and safety in food products continues to rise, the importance of reliable burner management in oven applications is becoming more pronounced. Furthermore, regulations surrounding food safety and environmental sustainability are driving companies to invest in advanced BMS technologies that comply with industry standards. The ovens segment is anticipated to witness substantial growth as more manufacturers recognize the benefits of implementing cutting-edge burner management solutions.

Incinerators :

Incinerators represent a critical application for Burner Management Systems, primarily in waste management and energy-from-waste sectors. The combustion of waste materials in incinerators necessitates precise control of the combustion process to ensure efficient energy recovery while minimizing harmful emissions. Advanced BMS solutions for incinerators are designed to monitor various operational parameters, ensuring compliance with environmental regulations and enhancing safety. The increasing global emphasis on waste-to-energy initiatives is driving the growth of BMS technologies in incineration applications. As industries seek to improve waste management practices and reduce landfill usage, the demand for effective burner management solutions in incinerators is expected to rise significantly.

By User

Oil & Gas :

The oil and gas sector is one of the primary users of Burner Management Systems, driven by the need for safety, efficiency, and regulatory compliance. The industry heavily relies on burner systems for various applications, including refining, natural gas processing, and petrochemical production. BMS solutions are essential for managing the combustion processes in these applications, ensuring safe operation and minimizing risks associated with explosive environments. The increasing focus on operational excellence and sustainability within the oil and gas sector is propelling the adoption of advanced burner management technologies. Additionally, ongoing investments in infrastructure and technology upgrades are expected to further enhance the growth of BMS solutions in the oil and gas user segment.

Chemicals :

In the chemicals industry, Burner Management Systems play a crucial role in ensuring the safe and efficient operation of various processes, including chemical manufacturing and refining. The need for precise temperature control and optimal combustion processes in chemical reaction vessels is driving the demand for advanced BMS solutions. As the industry faces increasing regulatory pressures regarding safety and emissions, the implementation of reliable burner management systems is becoming essential. Furthermore, the ongoing shift towards automation and digitization in the chemicals sector is facilitating the integration of advanced BMS technologies, enabling real-time monitoring and predictive maintenance. The chemicals user segment is anticipated to grow significantly as industries prioritize safety and efficiency in their operations.

Power Generation :

The power generation sector is a major user of Burner Management Systems, particularly in thermal power plants where combustion processes are critical for electricity production. BMS solutions are essential for managing the combustion of fossil fuels, ensuring safety, efficiency, and compliance with environmental regulations. The increasing global demand for electricity, coupled with the need for cleaner energy sources, is driving the adoption of advanced burner management technologies in power generation applications. As power plants seek to optimize their operations and reduce emissions, the need for reliable BMS solutions is becoming more pronounced. Furthermore, the ongoing transition towards renewable energy sources is likely to open new opportunities for BMS integration in hybrid power generation systems.

Manufacturing :

The manufacturing industry represents a significant user segment for Burner Management Systems, as various processes require controlled combustion for heating and processing materials. BMS solutions are crucial for ensuring the safe and efficient operation of burners in manufacturing applications, including metal processing, ceramics, and food production. The need for enhanced operational efficiency, product quality, and compliance with safety regulations is driving the demand for advanced burner management technologies in manufacturing. Moreover, the increasing adoption of automation and smart manufacturing practices is facilitating the integration of sophisticated BMS solutions, enabling manufacturers to optimize their operations and achieve sustainability goals. As industries continue to innovate, the manufacturing user segment is expected to experience substantial growth in the coming years.

Mining :

The mining industry also leverages Burner Management Systems for various applications, particularly in mineral processing and extraction. BMS solutions in this sector are critical for ensuring the safe and efficient combustion of fuels used in mining operations, such as for heating and processing ores. The need for compliance with safety standards and environmental regulations is driving the adoption of reliable burner management technologies within the mining sector. Additionally, as mining operations become more complex and focus on sustainability, the demand for advanced BMS solutions that optimize fuel consumption and reduce emissions is expected to rise. The mining user segment presents significant opportunities for growth as companies seek to enhance operational efficiency while adhering to regulatory requirements.

By Region

The regional analysis of the Burner Management System market reveals distinct growth patterns and opportunities across different geographies. North America holds a significant share of the market, driven by stringent safety regulations and a well-established oil and gas industry. The region's BMS market is projected to expand at a CAGR of approximately 6.5% during the forecast period. The presence of key players and the increasing adoption of automation technologies in industries such as power generation and manufacturing further contribute to the market growth in North America. In Europe, the focus on environmental sustainability and emissions reduction is propelling the demand for advanced burner management solutions, particularly in the chemicals and power generation sectors, fostering substantial growth in this region as well.

In Asia Pacific, the Burner Management System market is expected to witness robust growth, driven by rapid industrialization and increasing investments in energy infrastructure. Countries like China and India are emerging as key players in the global BMS landscape, with significant demand stemming from sectors such as oil and gas, chemicals, and manufacturing. The Asia Pacific market is projected to grow at a CAGR of around 7% during the forecast period, fueled by the need for enhanced process efficiency and safety across various industries. Latin America and the Middle East & Africa are also expected to contribute to the market growth, albeit at a slower pace, as industries in these regions gradually adopt advanced burner management technologies to comply with safety standards and improve operational efficiency.

Opportunities

The Burner Management System market is ripe with opportunities, particularly as industries seek to enhance safety and compliance with evolving regulations. One significant opportunity arises from the increasing adoption of automation and digitalization within various sectors. As industries look to streamline operations and reduce human error, advanced BMS solutions that integrate with IoT and AI technologies are gaining traction. Companies are increasingly recognizing the benefits of real-time monitoring, predictive analytics, and automated control systems, which not only improve efficiency but also enhance safety. This trend presents a considerable opportunity for BMS providers to develop innovative solutions that cater to the unique needs of diverse industries, thereby capturing a larger market share.

Another opportunity lies in the growing emphasis on sustainability and emissions reduction initiatives across multiple sectors. As governments and organizations worldwide commit to stringent environmental regulations, industries must invest in technologies that minimize their carbon footprint. Burner Management Systems are instrumental in optimizing combustion processes, ensuring efficient fuel usage, and reducing harmful emissions. By providing solutions that align with sustainability goals, BMS providers can position themselves as key partners for organizations striving to enhance their environmental performance. Furthermore, the ongoing transition towards renewable energy sources creates new avenues for BMS integration, particularly in hybrid systems that combine traditional and alternative fuels. This shift presents a unique opportunity for innovation and growth within the Burner Management System market.

Threats

The Burner Management System market is not without its challenges and threats that could hinder its growth trajectory. One notable threat is the rapid pace of technological advancements, which requires BMS providers to continuously innovate and upgrade their offerings. Failure to keep up with the evolving technologies can result in obsolescence and loss of competitive advantage. Additionally, the emergence of alternative technologies, such as advanced combustion control systems, poses a threat to conventional BMS solutions, as industries may opt for newer, more efficient alternatives. Companies operating in this space must remain vigilant and adapt to changing market dynamics to mitigate these threats and maintain their market position.

Another significant restraining factor is the high cost associated with implementing and maintaining advanced Burner Management Systems. Many industries, particularly small and medium enterprises, may find it challenging to allocate sufficient budgets for BMS solutions, which could limit market penetration. Additionally, the complexity of integrating BMS with existing systems may deter some organizations from making the transition to modern burner management technologies. To overcome this challenge, BMS providers must focus on offering scalable solutions that cater to diverse budgets and operational needs, ensuring accessibility for a wider range of industries.

Competitor Outlook

• Honeywell International Inc.
• Emerson Electric Co.
• Siemens AG
• Rockwell Automation, Inc.
• ABB Ltd.
• Schneider Electric SE
• General Electric Company
• Yokogawa Electric Corporation
• Endress+Hauser AG
• Valmet Oyj
• Azbil Corporation
• Wärtsilä Corporation
• Ingersoll Rand Inc.
• Fortive Corporation
• National Instruments Corporation

The competitive landscape of the Burner Management System market is characterized by the presence of several key players, each striving to capture market share through innovation, technological advancements, and strategic partnerships. Major companies are focusing on expanding their product offerings and enhancing their service capabilities to meet the diverse needs of industries utilizing burner management solutions. The integration of cutting-edge technologies, such as IoT and AI, into BMS solutions is a common strategy among these competitors to improve operational efficiency and safety. Additionally, many companies are investing in research and development to create more sustainable and cost-effective burner management solutions, emphasizing their commitment to environmental compliance and energy efficiency.

Among the prominent players in the market, Honeywell International Inc. stands out with its comprehensive range of burner management solutions, catering to various industries, including oil and gas, chemicals, and power generation. Honeywell's BMS offerings are known for their reliability, safety features, and seamless integration capabilities, allowing organizations to optimize their combustion processes while ensuring regulatory compliance. Emerson Electric Co. is another key player, recognized for its advanced BMS technologies that incorporate real-time monitoring and predictive maintenance capabilities. Emerson's commitment to innovation and customer-centric solutions has positioned the company as a trusted partner for industries seeking to enhance their burner management systems.

Siemens AG also plays a significant role in the Burner Management System market, offering a wide array of solutions designed to improve safety and efficiency in combustion processes. Siemens is known for its strong focus on automation and digitalization, providing BMS technologies that enable industries to achieve greater operational excellence. Furthermore, the company actively participates in sustainability initiatives, demonstrating its dedication to reducing emissions and promoting energy efficiency. Rockwell Automation, Inc. is recognized for its innovative approach to the BMS market, incorporating cutting-edge technologies into its solutions to help industries improve safety, compliance, and overall performance. The competitive landscape continues to evolve, driven by the demand for enhanced safety and efficiency in burner management across various sectors.

• 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 ABB Ltd.
    • 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 Siemens 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 Valmet Oyj
    • 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 Azbil Corporation
    • 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 Endress+Hauser AG
    • 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 Fortive Corporation
    • 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 Ingersoll Rand Inc.
    • 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 Schneider Electric SE
    • 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 General Electric Company
    • 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 Rockwell Automation, Inc.
    • 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 Honeywell International Inc.
    • 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 Yokogawa Electric Corporation
    • 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 National Instruments Corporation
    • 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 Wärtsilä Corporation
    • 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 Burner Management System Market, By User
    • 6.1.1 Oil & Gas
    • 6.1.2 Chemicals
    • 6.1.3 Power Generation
    • 6.1.4 Manufacturing
    • 6.1.5 Mining
  • 6.2 Burner Management System Market, By Component
    • 6.2.1 Hardware
    • 6.2.2 Software
    • 6.2.3 Services
  • 6.3 Burner Management System Market, By Fuel Type
    • 6.3.1 Oil
    • 6.3.2 Gas
    • 6.3.3 Electricity
  • 6.4 Burner Management System Market, By Application
    • 6.4.1 Boilers
    • 6.4.2 Furnaces
    • 6.4.3 Kilns
    • 6.4.4 Ovens
    • 6.4.5 Incinerators

• 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 Burner Management System 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 Burner Management System market is categorized based on

By Component

• Hardware
• Software
• Services

By Fuel Type

• Oil
• Gas
• Electricity

By Application

• Boilers
• Furnaces
• Kilns
• Ovens
• Incinerators

By User

• Oil & Gas
• Chemicals
• Power Generation
• Manufacturing
• Mining

By Region

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

Key Players

• Honeywell International Inc.
• Emerson Electric Co.
• Siemens AG
• Rockwell Automation, Inc.
• ABB Ltd.
• Schneider Electric SE
• General Electric Company
• Yokogawa Electric Corporation
• Endress+Hauser AG
• Valmet Oyj
• Azbil Corporation
• Wärtsilä Corporation
• Ingersoll Rand Inc.
• Fortive Corporation
• National Instruments Corporation