Cast Iron Globe Valves

Cast Iron Globe Valves Market Outlook

The global Cast Iron Globe Valves market was valued at approximately USD 2.5 billion in 2023, and it is anticipated to grow at a compound annual growth rate (CAGR) of around 4.5% over the forecast period from 2025 to 2035. This growth is primarily driven by increasing investments in the oil and gas sector, alongside significant expansions in water treatment and power generation industries. Additionally, the rise in industrial automation and the ongoing development of infrastructure in emerging economies are expected to further fuel market growth. The heightened demand for efficient fluid control systems has also contributed to the evolving landscape of the globe valves market, as industries strive to enhance operational efficiency while minimizing environmental impact. Furthermore, the growing trend of replacing old infrastructure with more efficient systems is likely to create substantial opportunities for manufacturers in this space.

Growth Factor of the Market

The growth of the Cast Iron Globe Valves market can be attributed to several interconnected factors, with the increasing demand for reliable and efficient fluid control systems taking center stage. As industries expand their operations, particularly in oil & gas and water treatment sectors, the requirement for robust and durable valves becomes paramount. The emphasis on improving operational efficiency and reducing wastage further contributes to the demand for high-quality globe valves. Additionally, the growing awareness regarding environmental sustainability is prompting industries to invest in advanced valve technologies that minimize leaks and improve energy efficiency. The introduction of smart technologies in valve manufacturing, which allows for better monitoring and control, is also expected to drive market growth. Lastly, the economic recovery in various regions post-pandemic is leading to increased capital spending on infrastructure projects, thus bolstering the demand for cast iron globe valves.

Key Highlights of the Market

• The global market for Cast Iron Globe Valves is projected to grow at a CAGR of 4.5% from 2025 to 2035.
• Oil and gas applications dominate the market, accounting for over 35% of total revenue.
• North America leads the market with a significant share, driven by extensive oil & gas exploration activities.
• Online retailing is gaining traction as an emerging distribution channel, appealing to a broader customer base.
• Technological advancements in valve manufacturing are expected to enhance operational efficiencies.

By Product Type

Straight Pattern Globe Valves:

Straight pattern globe valves are one of the most commonly used types in various industrial applications due to their simple design and reliable performance. These valves allow for efficient flow management, making them ideal for applications that require precise throttling and regulation of fluid flow. Their straightforward construction enables easy manufacturing and maintenance, contributing to their widespread adoption across industries like oil & gas, water treatment, and power generation. Additionally, their ability to handle high-pressure conditions and varying temperatures enhances their versatility, leading to increased demand in both existing and new installations.

Angle Pattern Globe Valves:

Angle pattern globe valves are specifically designed to minimize the pressure drop and turbulence in fluid flow, making them a preferred choice in applications where directional flow change is necessary. The angled design allows for a more efficient flow path compared to traditional straight valves, which can be beneficial in conserving energy and maintaining system integrity. These valves are commonly utilized in high-pressure and high-temperature applications, such as steam systems in power plants and chemical processing. Their ability to efficiently redirect flow while providing excellent throttling capabilities further positions them as a vital component in many industrial setups, contributing to their rising popularity.

Y-Pattern Globe Valves:

Y-pattern globe valves are engineered to facilitate smooth flow with minimal resistance, making them suitable for a wide range of industrial applications. Their unique design allows them to handle higher fluid velocities, which is advantageous in systems where fluid dynamics are critical. These valves are particularly effective in applications involving high-pressure gas and steam, where managing flow characteristics and minimizing cavitation is essential. The Y-pattern design also contributes to reduced wear and tear, extending the lifespan of the valve and resulting in lower maintenance costs for operators. As industries increasingly focus on enhancing performance and reliability, the adoption of Y-pattern globe valves is likely to gain momentum.

T-Pattern Globe Valves:

T-pattern globe valves are distinguished by their T-shaped body, which allows for effective control of fluid flow in two directions, making them ideal for applications requiring versatile flow management. Their design facilitates a balanced flow path, reducing the potential for turbulence and pressure drops, which can improve overall system efficiency. These valves are often used in applications where backflow prevention and precise throttling are essential, such as in water treatment and HVAC systems. The versatility of T-pattern globe valves in various configurations makes them a valuable option for industries seeking greater control over their fluid handling processes.

Bellows Globe Valves:

Bellows globe valves are engineered with a unique bellows seal that provides exceptional leak prevention, making them ideal for handling hazardous and corrosive fluids. The bellows design eliminates the need for traditional packing, which can wear out over time, thereby enhancing the valve's longevity and reliability. As industries increasingly prioritize safety and environmental compliance, the demand for bellows globe valves has surged, especially in sectors like chemical processing and oil & gas. These valves not only ensure effective sealing but also aid in maintaining the integrity of the fluid system, contributing to a more sustainable operation overall.

By Application

Oil & Gas:

The oil and gas sector represents one of the most significant applications for cast iron globe valves, primarily due to the stringent requirements for safety, reliability, and efficiency in fluid control systems. These valves are utilized in various stages, including extraction, refining, and transportation, where their ability to withstand high pressures and corrosive environments is critical. The ongoing exploration and drilling activities, coupled with the need for upgrades in aging infrastructure, are driving the demand for advanced valve technologies in this sector. Additionally, the increasing focus on sustainability and minimizing environmental impact has led to the adoption of innovative valve solutions that enhance operational efficiency while reducing risks associated with leaks.

Water & Wastewater:

In the water and wastewater management sector, cast iron globe valves play a pivotal role in controlling the flow of water and treating wastewater effectively. These valves are essential for regulating the distribution of water in municipal systems and controlling the treatment processes in wastewater facilities. The growing global population and urbanization are straining existing water resources, leading to increased investments in infrastructure aimed at improving water supply and treatment systems. As a result, the demand for durable and reliable valves that can withstand harsh environments and provide consistent performance is on the rise, further enhancing the role of globe valves in this critical sector.

Power Generation:

Cast iron globe valves are vital components in power generation facilities, where they are used to control steam and water flow in various processes, such as boiler systems and turbine operations. The reliable operation of these valves is crucial to maintaining efficiency and safety in power production. With the global shift towards renewable energy sources and the modernization of existing power plants, the demand for advanced globe valves that can handle varying pressures and temperatures is expected to increase. Additionally, the need for retrofitting aging infrastructure with more efficient valve solutions is likely to drive further growth in this application segment.

Chemical & Petrochemical:

In the chemical and petrochemical industries, cast iron globe valves are integral for managing the flow of aggressive and hazardous fluids. Their robust construction allows them to perform reliably in environments characterized by high pressures and corrosive substances. As the global demand for chemicals continues to rise, driven by sectors such as agriculture, pharmaceuticals, and manufacturing, the need for efficient and durable valve solutions is paramount. The emphasis on safety and regulatory compliance further reinforces the importance of reliable globe valves in these applications, leading to a steady increase in market demand.

HVAC:

In Heating, Ventilation, and Air Conditioning (HVAC) systems, cast iron globe valves are used to regulate the flow of water and air, ensuring efficient temperature control and comfort in residential and commercial buildings. Their ability to provide precise flow regulation makes them essential for maintaining system balance and optimizing energy consumption. As awareness of energy efficiency and sustainable building practices grows, the demand for high-quality globe valves that can enhance system performance is expected to rise. Additionally, the ongoing trend towards smart HVAC technologies, which integrate advanced monitoring and control features, is likely to further drive the adoption of cast iron globe valves in this application.

By Distribution Channel

Direct Sales:

Direct sales channels play a crucial role in the distribution of cast iron globe valves, allowing manufacturers to connect directly with end-users and industrial clients. This approach often results in better pricing, customized solutions, and immediate support for customers. Direct engagement enables manufacturers to closely understand the specific needs and challenges faced by clients in different sectors, thereby allowing them to offer tailored valve solutions. Moreover, direct sales can lead to stronger relationships between manufacturers and customers, fostering trust and loyalty that can translate into repeat business. As the market continues to evolve, direct sales are likely to remain a vital distribution channel for cast iron globe valves.

Indirect Sales:

Indirect sales channels encompass distributors, wholesalers, and agents that facilitate the supply of cast iron globe valves to a broader market. This distribution method allows manufacturers to reach a wider audience without the overhead costs associated with direct sales. Indirect sales partners often have established networks and market knowledge, enabling them to effectively target various industries and regions. These partners play a significant role in inventory management, logistics, and customer service, contributing to the overall efficiency of the supply chain. The growth of indirect sales channels is expected to continue as manufacturers seek to expand their market reach and optimize distribution strategies.

Online Retail:

Online retailing has emerged as a significant distribution channel for cast iron globe valves, providing customers with the convenience of purchasing products through digital platforms. This channel caters to a diverse customer base, including small-scale operators and DIY enthusiasts, who may prefer online shopping for its ease of access. The ability to compare products, read reviews, and access detailed specifications online enhances the customer experience, leading to informed purchasing decisions. As e-commerce continues to grow, manufacturers and distributors are increasingly investing in online platforms to improve their visibility and attract a wider range of customers. The trend towards online retail is expected to reshape the landscape of the cast iron globe valves market in the coming years.

By Material Type

Ductile Iron:

Ductile iron is widely used in the manufacturing of cast iron globe valves due to its excellent mechanical properties, including high tensile strength and ductility. This material is capable of withstanding extreme pressures and temperatures, making it an ideal choice for high-performance applications in industries such as oil & gas, water treatment, and power generation. The flexibility and durability of ductile iron allow for intricate designs, enabling manufacturers to create valves that meet specific operational requirements. As industries continue to demand reliable and efficient fluid control solutions, the use of ductile iron in globe valve production is expected to remain robust.

Cast Iron:

Cast iron remains a popular material for manufacturing globe valves, particularly in applications where cost-effectiveness and durability are essential. The inherent strength and wear resistance of cast iron make it suitable for various operating environments, including water and wastewater management, HVAC systems, and general industrial applications. While cast iron may not perform as well as some other materials in extreme conditions, its relatively low cost and ease of manufacturing continue to drive its utilization in many standard applications. As industries seek to balance performance and budget constraints, cast iron is likely to maintain a significant presence in the globe valves market.

Stainless Steel:

Stainless steel is increasingly being used in the production of globe valves, particularly in environments that require superior corrosion resistance and hygiene. This material is ideal for applications in the chemical and petrochemical industries, where exposure to aggressive fluids is common. The longevity and reliability of stainless steel valves make them a preferred choice for critical applications in food processing, pharmaceuticals, and high-purity systems. As the demand for stainless steel valves grows, driven by stringent regulatory requirements and the need for enhanced safety measures, manufacturers are likely to expand their offerings to include more stainless steel options in their valve product lines.

Bronze:

Bronze is another material used in the manufacturing of certain types of globe valves, particularly in applications involving seawater and other corrosive environments. Its resistance to corrosion and wear makes bronze a suitable choice for marine and industrial applications where durability is essential. While bronze globe valves may not be as prevalent as other materials, they are valued for their performance in specific situations that demand reliable sealing and flow control. As industries continue to explore materials that can withstand harsh operating conditions, the niche for bronze globe valves is expected to remain steady.

Brass:

Brass is often utilized in small-scale globe valves, especially in plumbing and HVAC applications, due to its excellent machinability and corrosion resistance. This material is well-suited for applications involving water and low-pressure gas, where its mechanical properties ensure efficient operation. Brass valves are typically lighter and more compact, making them an attractive option for residential and light commercial installations. As the demand for efficient and reliable fluid control solutions continues to grow, the use of brass in globe valve manufacturing is likely to remain significant.

By Region

The Cast Iron Globe Valves market exhibits significant regional variations, with North America holding a dominant share of the global market. The region's robust oil and gas sector, coupled with substantial investments in infrastructure development, has created a solid demand for globe valves. In 2023, North America accounted for approximately 35% of the global market share, driven by continuous exploration and production activities. Furthermore, the increasing emphasis on modernizing aging infrastructure to comply with environmental regulations is expected to spur demand for efficient fluid control solutions in the coming years. The North American market is projected to grow at a CAGR of 4.0% between 2025 and 2035, driven by a resurgence in industrial activities and a focus on energy efficiency.

In Europe, the Cast Iron Globe Valves market is also witnessing considerable growth, fueled by the region's commitment to sustainable energy and the implementation of stringent regulations on water management and wastewater treatment. Europe accounted for around 25% of the global market in 2023, with countries like Germany, France, and the UK leading in valve adoption across various industrial applications. The rise of renewable energy projects and retrofitting initiatives in existing facilities are anticipated to contribute to growth in this region. Meanwhile, Asia Pacific is emerging as a significant market, with a projected CAGR of 5.0% during the forecast period, as countries like China and India ramp up their investments in industrial infrastructure and water management systems. The cumulative regional demand is expected to align closely with global figures, showcasing the dynamic landscape of the cast iron globe valves market.

Opportunities

The opportunities in the Cast Iron Globe Valves market are vast and varied, driven by several key trends and advancements in technology. One of the most promising opportunities lies in the increasing integration of smart technologies within valve systems. As industries increasingly focus on automation and enhanced control mechanisms, the potential for smart globe valves equipped with sensors and monitoring capabilities is substantial. These advanced valves can provide real-time data on flow rates, pressure, and maintenance needs, allowing for improved operational efficiency and timely interventions. As industries seek to optimize their processes and minimize downtime, the adoption of smart valve technologies is likely to gain traction, presenting significant growth opportunities for manufacturers.

Another key opportunity is the ongoing trend towards sustainable practices and green technologies within various sectors. As environmental regulations tighten globally, industries are being compelled to adopt more efficient and environmentally friendly fluid control solutions. This shift creates opportunities for manufacturers to innovate and develop new designs that minimize leakage, reduce energy consumption, and enhance overall system efficiency. Furthermore, the growing emphasis on wastewater treatment and recycling initiatives presents a substantial market opportunity for cast iron globe valves. With increasing investments in water infrastructure and treatment facilities, manufacturers can benefit from the rising demand for durable and efficient valve solutions that support sustainable practices in water management.

Threats

Despite the promising growth prospects for the Cast Iron Globe Valves market, several threats could hinder its advancement. One of the primary concerns is the volatility of raw material prices, which can significantly impact manufacturing costs and profit margins. Fluctuations in the costs of ductile iron, stainless steel, and other materials used in valve production can pose challenges for manufacturers in maintaining competitive pricing while ensuring product quality. This unpredictability could lead to supply chain disruptions, potentially affecting delivery schedules and customer satisfaction. Additionally, the increasing competition from alternative valve materials and technologies, such as plastic and composite valves, could pose a threat to the traditional cast iron globe valves market, particularly in specific applications where weight and corrosion resistance are critical.

Moreover, the ongoing global shift toward sustainability and energy efficiency is prompting industries to prioritize investments in innovative valve solutions that may surpass traditional cast iron options in performance and environmental compliance. As manufacturers strive to keep pace with evolving customer expectations and regulatory requirements, the pressure to invest in research and development may strain financial resources. If companies cannot effectively innovate and differentiate their offerings, they may struggle to retain market share in a competitive landscape that is rapidly changing. As such, addressing these threats is essential for maintaining growth and relevance in the Cast Iron Globe Valves market.

Competitor Outlook

• Emerson Electric Co.
• Flowserve Corporation
• Crane Co.
• Velan Inc.
• Honeywell International Inc.
• GE Valves
• Schneider Electric
• Tyco International plc
• Metso Corporation
• Victaulic Company
• Belimo Holding AG
• AVK Holding A/S
• SPX Flow Inc.
• Worcester Controls Corporation
• GEMU Group

The competitive landscape of the Cast Iron Globe Valves market is characterized by a mix of established players and emerging companies striving to capture market share through innovation and strategic partnerships. Major manufacturers are focusing on enhancing their product offerings by investing in research and development initiatives aimed at creating advanced valve technologies that cater to diverse applications. Additionally, companies are adopting digital strategies to strengthen their market presence and engage with customers effectively. This competitive environment necessitates continuous adaptation and responsiveness to changing market dynamics, as organizations vie for leadership in a rapidly evolving industry.

Among the key players in the market, Emerson Electric Co. stands out with its comprehensive portfolio of flow control solutions, including advanced globe valves designed for reliability and performance. The company's commitment to technological innovation and customer-centric solutions positions it favorably within the industry. Flowserve Corporation is another major contender known for its diverse range of flow control products, including cast iron globe valves, that cater to various industrial applications. The company emphasizes operational excellence and sustainability, aligning with the growing demand for efficient and environmentally friendly solutions.

Crane Co. has established itself as a leader in the production of high-quality valves, including cast iron options, with a focus on durability and performance. The company’s global reach and extensive experience in valve manufacturing enable it to effectively meet the needs of diverse industries. Similarly, Velan Inc. is recognized for its innovative valve designs and commitment to sustainability, positioning itself as a strong player in the market. As competition intensifies, these companies are likely to pursue strategic alliances and mergers to enhance their capabilities and expand their market reach, ensuring they remain at the forefront of the Cast Iron Globe Valves market.

• 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 GE Valves
    • 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 GEMU Group
    • 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 SPX Flow Inc.
    • 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 AVK Holding A/S
    • 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 Belimo Holding AG
    • 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 Metso Corporation
    • 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 Victaulic Company
    • 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 Schneider Electric
    • 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 Emerson Electric Co.
    • 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 Flowserve Corporation
    • 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 Tyco International plc
    • 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 Honeywell International Inc.
    • 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 Worcester Controls 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 Cast Iron Globe Valves Market, By Application
    • 6.1.1 Oil & Gas
    • 6.1.2 Water & Wastewater
    • 6.1.3 Power Generation
    • 6.1.4 Chemical & Petrochemical
    • 6.1.5 HVAC
  • 6.2 Cast Iron Globe Valves Market, By Product Type
    • 6.2.1 Straight Pattern Globe Valves
    • 6.2.2 Angle Pattern Globe Valves
    • 6.2.3 Y-Pattern Globe Valves
    • 6.2.4 T-Pattern Globe Valves
    • 6.2.5 Bellows Globe Valves
  • 6.3 Cast Iron Globe Valves Market, By Material Type
    • 6.3.1 Ductile Iron
    • 6.3.2 Cast Iron
    • 6.3.3 Stainless Steel
    • 6.3.4 Bronze
    • 6.3.5 Brass
  • 6.4 Cast Iron Globe Valves Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales
    • 6.4.3 Online Retail

• 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 Cast Iron Globe Valves 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 Cast Iron Globe Valves market is categorized based on

By Product Type

• Straight Pattern Globe Valves
• Angle Pattern Globe Valves
• Y-Pattern Globe Valves
• T-Pattern Globe Valves
• Bellows Globe Valves

By Application

• Oil & Gas
• Water & Wastewater
• Power Generation
• Chemical & Petrochemical
• HVAC

By Distribution Channel

• Direct Sales
• Indirect Sales
• Online Retail

By Material Type

• Ductile Iron
• Cast Iron
• Stainless Steel
• Bronze
• Brass

By Region

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

Key Players

• Emerson Electric Co.
• Flowserve Corporation
• Crane Co.
• Velan Inc.
• Honeywell International Inc.
• GE Valves
• Schneider Electric
• Tyco International plc
• Metso Corporation
• Victaulic Company
• Belimo Holding AG
• AVK Holding A/S
• SPX Flow Inc.
• Worcester Controls Corporation
• GEMU Group