Butterfly Valve Sales

Butterfly Valve Sales Market Outlook

The global butterfly valve market was valued at approximately USD 5.2 billion in 2022 and is projected to reach USD 8.1 billion by 2035, growing at a CAGR of about 4.5% during the forecast period. The growth of the market can be attributed to various factors including the increasing demand for efficient flow control equipment, particularly in water and wastewater treatment plants and in the oil and gas sectors. Additionally, the rise of industrialization and urbanization across emerging economies is driving the need for reliable pipeline management systems. Innovations in valve design to enhance durability and efficiency, alongside stringent regulations regarding water and air quality, further contribute to the market's upward trajectory. Furthermore, the growing investment in infrastructure projects worldwide is expected to bolster the demand for butterfly valves significantly.

Growth Factor of the Market

Several driving forces are propelling the butterfly valve market forward, with the most significant being the mounting focus on infrastructural development, particularly in developing nations. As industries such as construction, energy, and water management expand, the necessity for effective flow control solutions becomes paramount, thereby increasing the adoption of butterfly valves. Additionally, the rise in automation and smart manufacturing processes across various sectors is enabling greater precision in liquid and gas flow management, further expanding the market's horizon. The shift towards environmentally-friendly practices, including the use of sustainable materials for valve production, also plays a critical role in fostering market growth. Moreover, the rising trend of retrofitting existing systems with advanced butterfly valves to enhance efficiencies and reduce operational costs is likely to present lucrative opportunities for industry players.

Key Highlights of the Market

• Strong growth projected in emerging markets due to increased industrial activities.
• Technological advancements leading to the development of more efficient and durable valve designs.
• Rising investments in water and wastewater treatment facilities boosting demand.
• Growing awareness regarding environmental sustainability driving material innovations.
• Expansion of the oil and gas sector contributing significantly to market growth.

By Product Type

Resilient Seated Butterfly Valves:

Resilient seated butterfly valves are designed for tight sealing capabilities and are often utilized in water applications due to their adaptive features. The use of rubber or elastomeric materials in the seat allows for a higher tolerance against wear, making these valves particularly efficient in environments with fluctuating pressures. Their lightweight design combined with easy operation and maintenance makes them a preferred choice in several industries. The burgeoning water & wastewater treatment sector is largely responsible for the increased adoption of these valves, as they provide reliable performance over extended periods. Furthermore, advancements in resilient seat technology are leading to improved lifespan and performance metrics, thus further amplifying market demand.

High Performance Butterfly Valves:

High performance butterfly valves are engineered to operate under high-pressure conditions, making them ideal for critical applications within industries such as oil and gas and chemical processing. These valves are designed with a focus on enhanced flow dynamics and reduced turbulence, which provide an overall increase in efficiency. Their robust design allows them to withstand severe operating conditions, thereby reducing maintenance costs and downtime. Additionally, the ability to customize the valve design to suit specific user requirements has led to a growing preference for high performance models. Their superior sealing capabilities and operational reliability are pivotal in sectors where precision and control are crucial.

Triple Offset Butterfly Valves:

Triple offset butterfly valves are distinguished by their unique design that enhances sealing effectiveness and reduces torque requirements, which makes them particularly suitable for high-pressure and temperature applications. This type of valve employs a specific geometry that allows for a friction-free operation, significantly extending the lifespan of the valve and reducing the chances of leakage. Industries such as power generation and oil & gas often opt for triple offset valves for their durability and efficiency in demanding conditions. The ongoing expansion of these sectors is expected to further drive demand for this type of butterfly valve. The increasing focus on process optimization also caters to the growth of triple offset butterfly valves in high-stakes applications.

Double Offset Butterfly Valves:

Double offset butterfly valves feature a two-axis offset design that enables them to function with reduced friction during opening and closing cycles. This design minimizes wear and tear on the valve components and allows for a tighter seal when closed. The double offset design is particularly advantageous in applications involving high-pressure fluids, making these valves ideal for the oil and gas industry, as well as chemical processing. With a growing emphasis on energy efficiency, the demand for double offset butterfly valves has seen a notable increase. Integrating these valves into pipeline systems can lead to significant operational savings, further enhancing their attractiveness in the market.

Eccentric Butterfly Valves:

Eccentric butterfly valves are designed with an offset disc that allows for a more effective sealing mechanism than traditional designs. This configuration reduces wear and enhances the valve's longevity, making it suitable for a wide range of applications, including water treatment and industrial processes. The flexible operation of eccentric butterfly valves enables them to manage a diverse array of liquids and gases, which is propelling their uptake in various sectors. The growing trend towards optimizing industrial processes and improving efficiency aligns well with the operational benefits provided by eccentric butterfly valves, driving their demand in the market.

By Application

Water & Wastewater:

The water and wastewater treatment sector is one of the most significant applications for butterfly valves, as they are essential for regulating flow and ensuring efficient operation in treatment plants. The growing global population and the increasing demand for clean water are driving investments in water infrastructure, significantly boosting the demand for butterfly valves. These valves play a crucial role in various processes such as filtration, chemical dosing, and distribution, where reliability and low maintenance costs are paramount. As governments and organizations focus on sustainable water management practices, the adoption of advanced valve technologies in this sector is expected to increase, further fueling market growth.

Oil & Gas:

Butterfly valves are extensively used in the oil and gas industry due to their ability to handle high-pressure applications and corrosive fluids. Their lightweight design and ease of automation make them ideal for use in pipeline systems, where they are employed for flow control and shut-off applications. The ongoing exploration and production activities in the oil and gas sector are contributing to the increased use of butterfly valves, as companies strive to enhance operational efficiency and reduce costs. Additionally, the shift towards more efficient extraction and transportation methods is likely to sustain the demand for these valves in the foreseeable future, as they are integral to modern pipeline infrastructure.

Power Generation:

In the power generation sector, butterfly valves are utilized for controlling the flow of steam, water, and other fluids in processing plants. Their ability to operate under high temperatures and pressures makes them suitable for both thermal and hydroelectric power plants. The increasing focus on renewable energy sources is also fostering the need for efficient flow control solutions, as new power generation facilities require advanced equipment to optimize performance. As global energy consumption continues to rise, the demand for butterfly valves in the power generation sector is expected to grow, driven by the need for modernization and efficiency in existing power plants.

Chemicals:

The chemical processing industry relies heavily on butterfly valves for their excellent sealing capabilities and ease of use in fluid management applications. These valves are essential for regulating the flow of various chemicals, including corrosive substances, making them critical components in maintaining safety and efficiency in chemical manufacturing processes. As the demand for specialty chemicals increases, coupled with the need for improved process control, the adoption of butterfly valves in this sector is likely to rise. Additionally, manufacturers are developing valves made from advanced materials that are resistant to corrosion and wear, further enhancing their appeal in the chemical industry.

Others:

Apart from the main applications mentioned above, butterfly valves are also utilized in various other sectors, including agriculture, pharmaceuticals, and food & beverage. In agriculture, these valves are essential for irrigation systems and water management, ensuring optimal flow rates and distribution efficiency. In the pharmaceuticals and food industries, they play a critical role in maintaining hygiene and preventing contamination during production processes. The increasing need for automation and efficient resource management across these sectors is expected to drive further adoption of butterfly valves, thus contributing to overall market growth.

By User

Industrial:

The industrial sector represents a major user segment for butterfly valves, encompassing a wide range of applications from manufacturing processes to energy production. Industries such as oil and gas, chemicals, and power generation heavily rely on butterfly valves for their ability to manage flow effectively and provide reliable performance under various conditions. The ongoing trends of industrial automation and digitalization are further enhancing the demand for advanced valve technologies, as industries seek to improve operational efficiencies and reduce costs. Additionally, the increasing emphasis on safety and environmental regulations in industrial operations is driving the need for high-quality butterfly valves that can ensure compliance and reliability.

Commercial:

In the commercial sector, butterfly valves are used in plumbing systems, HVAC applications, and other facilities management tasks. Their compact design and ease of installation make them an attractive choice for building management systems, where they are employed to regulate flow and maintain optimal environmental conditions. As urbanization and infrastructure development continue to expand globally, the demand for butterfly valves in commercial applications is poised for growth. Furthermore, the increasing focus on energy efficiency in commercial buildings is propelling the adoption of advanced control systems that integrate butterfly valves to optimize resource management.

Residential:

Butterfly valves are increasingly being utilized in residential plumbing and HVAC systems due to their favorable characteristics, including low maintenance, durability, and compact design. They are commonly found in systems designed for water supply, heating, and cooling, where they help maintain efficient flow control. With the growing population in urban and suburban areas, the demand for residential infrastructure is on the rise, leading to an increase in the use of butterfly valves in home installations. Additionally, as homeowners become more eco-conscious, the need for energy-efficient solutions that include butterfly valves is expected to contribute to market expansion in this segment.

Agriculture:

In the agricultural sector, butterfly valves are employed for effective water and irrigation management, enabling farmers to control flow rates and optimize resource utilization. Their lightweight and corrosion-resistant properties make them ideal for use in irrigation systems and water distribution networks. As global food production needs increase in response to population growth, the demand for efficient irrigation solutions is also rising. This, in turn, is driving the adoption of butterfly valves in agricultural systems, where efficient water management is critical for maximizing crop yields and minimizing waste. The focus on sustainable agricultural practices is likely to further solidify the role of butterfly valves in this sector.

By Material

Cast Iron:

Cast iron is one of the most commonly used materials for manufacturing butterfly valves due to its excellent strength and durability properties. These valves are particularly suitable for low to medium pressure applications, making them ideal for water and wastewater services. The cast iron material provides a robust structure that can withstand various environmental conditions, ensuring a long service life. Additionally, cast iron valves are often coated or lined with protective materials to enhance their corrosion resistance, further extending their usability in harsh conditions. As industries increasingly recognize the benefits of cast iron butterfly valves, the demand for these products is expected to grow in sectors such as municipal water management and industrial applications.

Stainless Steel:

Stainless steel butterfly valves are favored for their superior corrosion resistance and ability to handle high temperatures and pressures. These valves are commonly utilized in industries such as food and beverage processing, pharmaceuticals, and chemical manufacturing, where hygiene and cleanliness are paramount. The robustness of stainless steel ensures longevity and reliability, making these valves an ideal choice for critical applications. Additionally, advancements in stainless steel alloy formulations are enhancing their performance in demanding environments. As regulatory standards tighten across industries, the demand for stainless steel butterfly valves is likely to increase, driven by their ability to meet high-quality and safety requirements.

Carbon Steel:

Carbon steel butterfly valves offer an attractive balance of strength and cost-effectiveness, making them suitable for a wide range of applications in the oil and gas industry, as well as chemical processing. These valves are designed to withstand high pressure and provide reliable sealing capabilities, essential for managing aggressive fluids and gases. Their versatility allows for various coatings to enhance corrosion resistance based on specific usage requirements. As the oil and gas sector continues to expand and modernize, the demand for carbon steel butterfly valves is expected to grow, driven by the need for efficient and durable flow control solutions. Furthermore, the trend towards retrofitting existing systems with more efficient valves is also contributing to this segment's growth.

Aluminum:

Aluminum butterfly valves are appreciated for their lightweight properties alongside excellent resistance to corrosion and wear. These valves are used in applications where weight is a critical factor, such as in aerospace and marine industries. The ease of installation and maintenance associated with aluminum valves further enhances their appeal. As industries adopt more lightweight solutions to improve efficiency and performance, the demand for aluminum butterfly valves is likely to rise. Additionally, advancements in aluminum fabrication techniques allow for the development of more sophisticated valve designs that can meet specific operational needs, thereby increasing their adoption across various sectors.

Others:

Alongside the primary materials mentioned, various specialty materials are utilized in the construction of butterfly valves to cater to niche applications. These materials may include high-performance polymers and composites that provide enhanced chemical resistance, thermal stability, or lightweight characteristics. Such materials are particularly beneficial in industries that require specific valve characteristics, such as pharmaceuticals, food processing, or high-pressure environments. The emerging trend toward customizing valve materials to meet specific operational requirements is likely to influence market dynamics positively, resulting in increased adoption of specialty butterfly valves across diverse industries.

By Region

The North American butterfly valve market is expected to witness substantial growth, driven by ongoing investments in water and wastewater infrastructure as well as the expansion of the oil and gas industry. The region is projected to grow at a CAGR of approximately 5% during the forecast period, owing to the increasing need for effective flow management solutions in various sectors. The presence of major industry players and technological advancements in valve manufacturing further contribute to the growth of the market. With a strong emphasis on environmental regulations, the adoption of advanced butterfly valves equipped with smart technologies is likely to gain traction across North America.

In Europe, the butterfly valve market is also poised for growth, fueled by rigorous environmental regulations and the push for energy efficiency across sectors. The European market is characterized by a high demand for stainless steel and high-performance valve solutions, particularly in the chemical and pharmaceutical industries. The increasing focus on sustainable practices and reducing carbon footprints is driving investments in modern infrastructure. Meanwhile, emerging economies in Asia Pacific are experiencing significant growth in the butterfly valve market, primarily due to rapid industrialization, urbanization, and increasing investments in infrastructure development. The region is witnessing a notable rise in the demand for butterfly valves in water treatment and power generation applications, further solidifying its position as a key player in the global market.

Opportunities

The butterfly valve market presents numerous opportunities for manufacturers and suppliers, particularly in developing regions where industrial growth is accelerating. The increasing investment in infrastructure development, including water and wastewater treatment plants, power generation facilities, and pipeline systems, offers significant potential for butterfly valve adoption. As countries focus on improving their water management systems and enhancing energy efficiency, the need for reliable flow control solutions will continue to rise. Moreover, technological advancements in valve design and manufacturing processes are paving the way for innovative products that cater to specific industry requirements, providing a competitive advantage for companies that invest in research and development.

Additionally, the growing trend toward automation and smart manufacturing processes presents an opportunity for butterfly valve manufacturers to integrate advanced technologies into their products. The incorporation of IoT and smart sensors into valve systems can enhance operational efficiency and provide real-time monitoring capabilities, which are increasingly demanded by end-users. This shift towards intelligent systems is likely to open new markets and revenue streams for companies willing to invest in this space. Furthermore, partnerships and collaborations with other technology providers can facilitate the development of integrated solutions that meet the evolving needs of various industries, thus creating a robust growth potential for the butterfly valve market.

Threats

Despite the promising growth prospects for the butterfly valve market, several threats could hamper its progress. One of the primary concerns is the fluctuation in raw material prices, which can impact manufacturing costs and profit margins for valve producers. As global supply chains face disruptions due to geopolitical tensions, natural disasters, or pandemics, the availability and cost of materials like stainless steel and carbon steel may vary, leading to challenges in maintaining competitive pricing. Additionally, competition from alternative flow control devices, such as ball valves and gate valves, may pose a threat to market share as customers explore different options that may offer improved performance or cost-effectiveness for specific applications.

Another significant threat comes from the increasing focus on sustainability and environmental regulations. While this trend generally benefits the butterfly valve market, it also pressures manufacturers to continuously innovate and align their products with stringent regulations. Failure to meet these compliance requirements can not only lead to penalties but also diminish brand reputation in a highly competitive environment. Furthermore, the rapid pace of technological advancements means that companies must stay agile and adapt to new innovations quickly, or risk falling behind competitors that leverage emerging technologies to enhance their offerings.

Competitor Outlook

• Emerson Electric Co.
• Honeywell International Inc.
• Flowserve Corporation
• Valmet Corporation
• Crane Co.
• AVK Holding A/S
• GE Valves & Controls
• SPX Flow, Inc.
• Keystone Valve LLC
• Kitz Corporation
• Watts Water Technologies Inc.
• Nelson Irrigation Corporation
• ORBINOX S.L.
• Circor International, Inc.
• Schneider Electric SE

The competitive landscape of the butterfly valve market is characterized by the presence of several key players that dominate the industry. Companies such as Emerson Electric Co. and Flowserve Corporation are industry leaders, known for their extensive product portfolios and strong brand reputation. These companies employ various strategies, including mergers, acquisitions, and partnerships, to foster innovation and expand their market presence globally. Additionally, they focus on research and development to enhance product offerings, ensuring that their butterfly valves meet the evolving demands of diverse applications across various sectors.

Another notable competitor, Honeywell International Inc., leverages advanced technologies and automation solutions to enhance the efficiency and performance of its butterfly valves. By investing in smart technologies and IoT integration, Honeywell is positioning itself as a leader in the high-performance valve segment. Similarly, companies like Valmet Corporation and Crane Co. are continuously innovating to develop more efficient and environmentally friendly flow control solutions, catering to growing customer demands for sustainable practices.

In addition to these major players, smaller and emerging companies are also entering the butterfly valve market, bringing innovative products and technologies to capitalize on niche applications. The rise of local manufacturers in emerging economies presents both opportunities and challenges for established players, as they seek to maintain market share amidst increasing competition. Companies must remain vigilant in monitoring market trends and customer preferences to adapt their strategies effectively, ensuring long-term success in this dynamic industry.

• 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 ORBINOX S.L.
    • 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 SPX Flow, Inc.
    • 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 AVK Holding A/S
    • 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 Kitz Corporation
    • 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 Keystone Valve LLC
    • 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 GE Valves & Controls
    • 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 Circor 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 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 Nelson Irrigation 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 Watts Water Technologies Inc.
    • 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 Butterfly Valve Sales Market, By User
    • 6.1.1 Industrial
    • 6.1.2 Commercial
    • 6.1.3 Residential
    • 6.1.4 Agriculture
    • 6.1.5 Others
  • 6.2 Butterfly Valve Sales Market, By Material
    • 6.2.1 Cast Iron
    • 6.2.2 Stainless Steel
    • 6.2.3 Carbon Steel
    • 6.2.4 Aluminum
    • 6.2.5 Others
  • 6.3 Butterfly Valve Sales Market, By Application
    • 6.3.1 Water & Wastewater
    • 6.3.2 Oil & Gas
    • 6.3.3 Power Generation
    • 6.3.4 Chemicals
    • 6.3.5 Others
  • 6.4 Butterfly Valve Sales Market, By Product Type
    • 6.4.1 Resilient Seated Butterfly Valves
    • 6.4.2 High Performance Butterfly Valves
    • 6.4.3 Triple Offset Butterfly Valves
    • 6.4.4 Double Offset Butterfly Valves
    • 6.4.5 Eccentric Butterfly Valves

• 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 Butterfly Valve Sales Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 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 Butterfly Valve Sales market is categorized based on

By Product Type

• Resilient Seated Butterfly Valves
• High Performance Butterfly Valves
• Triple Offset Butterfly Valves
• Double Offset Butterfly Valves
• Eccentric Butterfly Valves

By Application

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

By User

• Industrial
• Commercial
• Residential
• Agriculture
• Others

By Material

• Cast Iron
• Stainless Steel
• Carbon Steel
• Aluminum
• Others

By Region

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

Key Players

• Emerson Electric Co.
• Honeywell International Inc.
• Flowserve Corporation
• Valmet Corporation
• Crane Co.
• AVK Holding A/S
• GE Valves & Controls
• SPX Flow, Inc.
• Keystone Valve LLC
• Kitz Corporation
• Watts Water Technologies Inc.
• Nelson Irrigation Corporation
• ORBINOX S.L.
• Circor International, Inc.
• Schneider Electric SE