Compressor Valve Sales

Compressor Valve Sales Market Outlook

The global compressor valve market is anticipated to reach approximately USD 12 billion by 2025, with a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2023 to 2033. The growth of this market can be attributed to the increasing demand for efficient and reliable compressor systems across various industries, including oil and gas, power generation, and manufacturing. Furthermore, advancements in technology and the growing adoption of automation in industrial processes are expected to significantly boost the demand for compressor valves. The rising focus on energy efficiency and environmental considerations is also playing a crucial role in propelling the compressor valve market forward. Additionally, the expansion of industrialization in emerging economies is likely to create new opportunities for market growth.

Growth Factor of the Market

Several factors are driving the growth of the compressor valve market. Firstly, the ongoing industrialization and urbanization across the globe, especially in developing countries, are leading to heightened demands for energy-efficient solutions, thus resulting in increased compressor usage. Secondly, the oil and gas sector, which is a major application area for compressor valves, is witnessing significant investments in exploration and production, further fueling the demand. Additionally, the urgency to maintain and upgrade aging infrastructure in various industries necessitates the replacement and installation of new compressor valves. Moreover, stringent regulations regarding emissions and energy consumption are pushing industries to adopt advanced compressor systems that incorporate state-of-the-art valves. Lastly, the trend towards automation and smart manufacturing is enhancing efficiency and reliability, consequently driving the need for innovative compressor valves.

Key Highlights of the Market

• The global compressor valve market is projected to experience stable growth, driven by increased industrial activities.
• Technological advancements in valve manufacturing are enhancing operational efficiency and lifespan.
• The oil and gas industry is the leading application segment, contributing significantly to market revenue.
• North America is expected to dominate the market, followed closely by Europe and Asia Pacific.
• OEMs are the primary distribution channel for compressor valves, although the aftermarket segment is also witnessing robust growth.

By Product Type

Solenoid Valves:

Solenoid valves are one of the most commonly used types of compressor valves, primarily due to their reliability and ease of operation. These valves utilize electromagnetic mechanisms to control the flow of gases or liquids within compressor systems. The growing adoption of solenoid valves across various industries, such as oil and gas, chemical, and petrochemical, is a key factor driving their market growth. Their advantages, including quick response time, compact design, and low power consumption, make them ideal for applications requiring precise control over fluid dynamics. Furthermore, ongoing innovations aimed at improving solenoid valve designs and performances are expected to enhance their market appeal in the coming years.

Pilot Valves:

Pilot valves play a crucial role in controlling larger valves in compressor systems, making them essential for achieving desired pressure and flow rates. These valves serve as the primary control mechanism, allowing for the modulation of more substantial valves based on specific operational requirements. The increasing complexity of industrial processes demands precise control over compressor systems, which is promoting the growth of the pilot valve segment. Industries such as power generation and manufacturing are particularly reliant on pilot valves to maintain operational efficiency and ensure equipment longevity. The push towards automation and smart control systems is forecasted to boost the demand for advanced pilot valve solutions that incorporate digital technologies.

Check Valves:

Check valves are designed to permit fluid flow in one direction while preventing backflow, making them critical in maintaining system integrity and efficiency. The demand for check valves in the compressor valve market is primarily driven by their applications in various sectors, including oil and gas, chemical processing, and water treatment. These valves are essential in protecting compressors from damage caused by backflow, which can lead to costly repairs and operational disruptions. The growing focus on safety standards and regulations in industrial applications is driving the adoption of check valves, as they are vital for ensuring safe and reliable operations. Additionally, technological advancements in materials and designs are expected to enhance the performance characteristics of check valves, further contributing to market growth.

Safety Valves:

Safety valves are critical components in compressor systems, designed to protect equipment from overpressure conditions by releasing excess pressure to prevent catastrophic failures. The rising emphasis on safety and regulatory compliance in various industries is driving the demand for safety valves in compressor systems. Industries such as oil and gas, power generation, and manufacturing, where high pressures are prevalent, rely heavily on safety valves to mitigate risks associated with pressure surges. The growing trend towards automation and the incorporation of smart monitoring systems further augment the importance of safety valves, as they ensure that operational parameters remain within safe limits. As industries evolve, the need for innovative safety valve solutions capable of integrating with advanced control systems will shape the future of this segment.

Others:

The 'Others' category in the product type segment includes various specialized valves used in niche applications within compressor systems. These may consist of specialized valves designed for specific fluid types or operating conditions, such as high-temperature or corrosive environments. The demand for these specialized valves is driven by the need for customized solutions that cater to unique operational requirements within specific industries. The emergence of advanced materials and manufacturing techniques is enabling the development of high-performance valves that can withstand extreme conditions, thereby expanding their market presence. As industries strive for increased efficiency and sustainability, there is likely to be a growing demand for innovative valve solutions that meet specific application needs, contributing to the growth of this segment.

By Application

Oil & Gas:

The oil and gas sector is one of the largest application areas for compressor valves, as these components play a pivotal role in managing the flow of gases and liquids during extraction, refining, and distribution processes. The ongoing investments in oil and gas exploration and production, particularly in offshore and unconventional resources, are significantly driving the demand for compressor valves within this sector. The necessity for high-efficiency systems that can operate under extreme conditions further accentuates the importance of advanced compressor valves. Moreover, stringent safety and environmental regulations are compelling companies in the oil and gas industry to adopt innovative valve solutions that enhance operational safety and reliability. As the industry evolves, the demand for smart compressor valves capable of integrating with digital control systems is expected to rise, fueling further market growth.

Power Generation:

The power generation industry relies heavily on compressor valves to optimize the efficiency and performance of various systems, including gas turbines and compression equipment used in power plants. As the world moves towards cleaner and more sustainable energy sources, the role of compressor valves in ensuring operational reliability and efficiency becomes even more critical. The increasing integration of renewable energy sources into existing power generation frameworks necessitates the use of advanced compressor systems equipped with high-performance valves. Additionally, the push for modernization and the upgrade of aging power infrastructure are set to enhance the demand for compressor valves in this sector. The focus on reducing emissions and improving energy efficiency will continue to drive innovations in valve technology, positioning the power generation segment as a key growth area for the compressor valve market.

Chemical & Petrochemical:

In the chemical and petrochemical industry, compressor valves are essential for controlling the flow of gases and liquids during various processes, including production, storage, and transportation. The increasing demand for chemicals and petrochemicals, driven by a growing global population and expanding industrial activities, is significantly enhancing the need for efficient compressor systems. Safety and reliability are paramount in this sector, as the handling of volatile substances poses inherent risks. Therefore, the demand for high-quality, durable compressor valves that can withstand harsh operating conditions is on the rise. Furthermore, the trend towards automation and advanced process control technologies is pushing the industry to adopt innovative valve solutions that ensure optimal performance and compliance with regulatory standards. Overall, the chemical and petrochemical segment is expected to remain a substantial contributor to the compressor valve market growth.

Manufacturing:

The manufacturing sector utilizes compressor valves in various applications, including pneumatic systems, refrigeration, and HVAC systems, to ensure efficient and reliable operations. As manufacturing processes become increasingly automated, the reliance on compressor systems equipped with advanced valves is growing. The push for energy efficiency and reduced operational costs is also driving manufacturers to invest in high-performance compressor valves that enhance system productivity. Moreover, the emphasis on maintaining strict quality control standards in manufacturing processes necessitates the use of reliable compressor valves to prevent failures that could disrupt production. As the manufacturing landscape evolves with the adoption of Industry 4.0 practices, the demand for innovative and smart compressor valve solutions will continue to rise, contributing to the overall market growth in this segment.

Others:

The 'Others' category in the application segment encompasses a variety of industries where compressor valves are utilized for specific purposes, such as food and beverage, pharmaceuticals, and HVAC systems. The demand from these diverse sectors is driven by the need for reliable and efficient fluid control solutions that adhere to strict safety and quality standards. As industries expand and evolve, there is a growing need for customized valve solutions that cater to unique application requirements. The emergence of technologies such as IoT and artificial intelligence is also paving the way for innovative valve designs that enhance operational efficiency and reduce maintenance costs. The 'Others' segment is expected to witness substantial growth as more industries recognize the benefits of implementing advanced compressor valves in their operations.

By Distribution Channel

OEMs:

Original Equipment Manufacturers (OEMs) serve as a primary distribution channel for compressor valves, providing these essential components as part of larger compressor systems. The partnership between OEMs and valve manufacturers is crucial in ensuring that the valves meet the specific requirements of compressor applications. The rising demand for customized compressor solutions tailored to specific industry needs is driving OEMs to collaborate closely with valve manufacturers to develop high-performance products. Additionally, the trend towards integrated compressor systems that enhance operational efficiency is further propelling the growth of the OEM distribution channel. As industries increasingly seek reliable and efficient compressor solutions, the OEM segment is expected to maintain a significant share in the overall compressor valve market.

Aftermarket:

The aftermarket segment for compressor valves involves the sale of replacement valves and components to end-users for maintenance and repair purposes. As compressor systems age, the need for replacement valves becomes essential to maintain operational efficiency and safety. The growing awareness of preventive maintenance practices among end-users is driving the demand for aftermarket valve solutions. Additionally, the increasing installation of compressor systems across various industries is resulting in a corresponding rise in the need for replacement components. The aftermarket segment is characterized by a diverse range of offerings, including generic and specialized valves, catering to various application requirements. As industries prioritize the longevity and reliability of their compressor systems, the aftermarket for compressor valves is projected to experience steady growth in the coming years.

By Material Type

Steel:

Steel is one of the most widely used materials for manufacturing compressor valves, owing to its strength, durability, and resistance to corrosion. Steel valves are particularly favored in high-pressure applications, such as oil and gas and power generation, where reliability and performance are paramount. The ability of steel valves to withstand extreme operational conditions contributes to their popularity among industries that require robust and long-lasting components. Furthermore, advancements in steel processing technologies are enabling the production of high-performance valves that meet stringent industry standards. As the demand for energy-efficient and reliable compressor systems grows, the steel valve segment is expected to maintain a significant presence in the overall compressor valve market.

Brass:

Brass is another commonly used material for compressor valves, known for its excellent corrosion resistance and good thermal conductivity. Brass valves are often employed in applications where low to moderate pressures are encountered, making them ideal for use in HVAC systems, refrigeration, and other industrial processes. The ease of machining and forming brass allows manufacturers to produce valves with intricate designs tailored to specific application requirements. The growing demand for energy-efficient and environmentally friendly solutions is driving the adoption of brass valves in various industries, particularly in residential and commercial HVAC applications. As the focus on sustainability continues to rise, the brass valve segment is anticipated to experience steady growth.

Aluminum:

Aluminum is gaining traction in the compressor valve market due to its lightweight properties, resistance to corrosion, and ease of fabrication. Aluminum valves are particularly suitable for applications where weight reduction is critical, such as in automotive and aerospace industries. The growing emphasis on fuel efficiency and lightweight materials is driving the adoption of aluminum valves in various compressor systems. Additionally, advancements in aluminum processing technologies are improving the performance characteristics of these valves, making them more competitive compared to traditional materials. As industries increasingly seek to enhance efficiency and sustainability in their operations, the aluminum valve segment is expected to witness significant growth in the coming years.

Cast Iron:

Cast iron is a traditional material used in the manufacturing of compressor valves, known for its strength and durability. Cast iron valves are particularly favored in heavy-duty applications, such as in industrial compressors and power generation systems. The ability of cast iron to withstand high pressures and temperatures makes it suitable for use in demanding environments. However, the weight of cast iron can be a disadvantage in applications where weight reduction is essential. Despite this, the reliability and performance of cast iron valves continue to make them a preferred choice in various industries. As the demand for robust and dependable compressor systems remains strong, the cast iron valve segment is likely to maintain its relevance in the market.

Others:

The 'Others' category in the material type segment includes various advanced materials, such as plastics and composite materials, which are being increasingly utilized for specific compressor valve applications. These materials offer unique properties, such as lightweight, corrosion resistance, and cost-effectiveness, making them suitable for niche applications in industries like food and beverage and pharmaceuticals. The growing emphasis on sustainability and environmental considerations is driving the adoption of alternative materials that minimize environmental impact. As industries continue to innovate and seek out high-performance valve solutions, the 'Others' segment is expected to expand, allowing manufacturers to cater to a wider range of application requirements.

By Region

In terms of regional distribution, North America is projected to dominate the compressor valve market, accounting for approximately 35% of the global market share by 2025. This dominance can be attributed to the high demand for compressor systems across various industries, including oil and gas, power generation, and manufacturing. The region's advanced infrastructure, coupled with significant investments in technology and innovation, is propelling the growth of the compressor valve market. Additionally, stringent safety and regulatory standards are compelling industries to adopt high-quality valve solutions, further driving demand in this region. The market in North America is expected to exhibit a CAGR of around 4.5% during the forecast period.

Europe is also poised to be a significant market for compressor valves, contributing approximately 30% to the global market by 2025. The region's strong industrial base, particularly in manufacturing and chemical processing, is a key driver of the compressor valve market. Moreover, the increasing emphasis on energy efficiency and sustainability is prompting industries in Europe to invest in advanced compressor systems equipped with high-performance valves. The growth of the automotive and aerospace sectors in Europe is further boosting the demand for lightweight and innovative valve solutions. As industries evolve and adopt new technologies, the European compressor valve market is expected to witness steady growth, aligning with global trends.

Opportunities

As the compressor valve market continues to evolve, several opportunities are emerging that can significantly enhance market growth. One of the most promising opportunities lies in the increasing demand for smart compressor systems equipped with advanced monitoring and control technologies. Industries are increasingly seeking solutions that integrate digital technologies, such as IoT and AI, to optimize compressor performance and streamline operations. This trend presents a unique opportunity for manufacturers to innovate and develop smart compressor valve solutions that cater to the growing need for real-time monitoring and data analytics. By capitalizing on this trend, companies can enhance their product offerings and gain a competitive edge in the market.

Another significant opportunity exists in the growing focus on sustainability and environmental considerations across industries. As companies strive to reduce their carbon footprint and comply with stringent regulations, the demand for energy-efficient and eco-friendly compressor systems is expected to rise. This shift in focus opens up avenues for the development of innovative valve solutions that contribute to energy savings and reduced emissions. Manufacturers that prioritize sustainability and invest in research and development to create environmentally friendly valve solutions will be well-positioned to capitalize on this emerging opportunity. Overall, the compressor valve market is poised for growth, driven by these opportunities that cater to evolving industry needs.

Threats

The compressor valve market faces several threats that could impact its growth trajectory. One of the primary threats is the volatility of raw material prices, which can significantly affect production costs and profit margins for manufacturers. Fluctuations in prices of key materials, such as steel and brass, can create uncertainty in the market and challenge manufacturers to maintain competitive pricing. Additionally, the increasing competition from alternative technologies and products may pose a threat to the traditional compressor valve market. As industries explore new solutions, such as digital technologies and advanced materials, manufacturers need to remain agile and adapt to evolving trends to stay relevant in the market. Failure to innovate and keep pace with technological advancements could result in lost market share for existing players.

Another potential threat to the compressor valve market is the economic uncertainties and geopolitical tensions that can impact industrial investments and operations. Economic downturns may lead to reduced capital expenditures by industries, consequently affecting the demand for compressor valves. Additionally, trade disputes and tariffs can disrupt supply chains and lead to increased costs for manufacturers. Companies operating in the compressor valve market need to be prepared for these external challenges and develop strategies to mitigate risks associated with economic fluctuations and geopolitical uncertainties to ensure sustained growth.

Competitor Outlook

• Parker Hannifin Corporation
• Emerson Electric Co.
• Schneider Electric SE
• Flowserve Corporation
• Honeywell International Inc.
• Siemens AG
• Metso Corporation
• Valmet Corporation
• Crane Co.
• Watts Water Technologies, Inc.
• Swagelok Company
• Kitagawa Industries Co., Ltd.
• Festo AG & Co. KG
• AVK Holding A/S
• Graham Corporation

The competitive landscape of the compressor valve market is characterized by the presence of numerous key players, each vying for market share through innovation, strategic partnerships, and product differentiation. Leading companies are actively investing in research and development to create advanced valve solutions that cater to the specific needs of various industries. Additionally, these players are increasingly focusing on expanding their geographical presence and product portfolios to tap into emerging markets and capitalize on new opportunities. The competitive dynamics are further influenced by technological advancements that allow companies to enhance the performance and reliability of their compressor valves, thereby gaining a competitive edge.

Major companies in the compressor valve market are leveraging their expertise and resources to develop innovative solutions that address the evolving demands of their customers. For instance, Parker Hannifin Corporation is recognized for its extensive range of hydraulic and pneumatic components, including high-performance compressor valves designed for various application requirements. Similarly, Emerson Electric Co. has established a strong presence in the market with its advanced valve technologies that optimize system performance and improve operational efficiency. By prioritizing R&D and staying attuned to market trends, these companies are well-positioned to maintain their competitive advantage.

Another key player, Flowserve Corporation, has made significant strides in the compressor valve market by offering a comprehensive portfolio of valve solutions that cater to diverse industrial applications. Their commitment to quality and innovation has enabled them to gain the trust of customers across different sectors. Additionally, Siemens AG focuses on integrating digital technologies into its valve solutions, aligning with the trend towards smart automation in industries. As the compressor valve market continues to evolve, these companies are anticipated to play a crucial role in shaping its future through their innovative products and strategic initiatives.

• 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 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 AVK Holding A/S
    • 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 Swagelok Company
    • 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 Festo AG & Co. KG
    • 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 Metso 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 Graham 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 Valmet 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 Emerson Electric Co.
    • 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 Parker Hannifin 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 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 Kitagawa Industries Co., Ltd.
    • 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 Compressor Valve Sales Market, By Application
    • 6.1.1 Oil & Gas
    • 6.1.2 Power Generation
    • 6.1.3 Chemical & Petrochemical
    • 6.1.4 Manufacturing
    • 6.1.5 Others
  • 6.2 Compressor Valve Sales Market, By Product Type
    • 6.2.1 Solenoid Valves
    • 6.2.2 Pilot Valves
    • 6.2.3 Check Valves
    • 6.2.4 Safety Valves
    • 6.2.5 Others
  • 6.3 Compressor Valve Sales Market, By Material Type
    • 6.3.1 Steel
    • 6.3.2 Brass
    • 6.3.3 Aluminum
    • 6.3.4 Cast Iron
    • 6.3.5 Others

• 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 Compressor Valve 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 Compressor Valve Sales market is categorized based on

By Product Type

• Solenoid Valves
• Pilot Valves
• Check Valves
• Safety Valves
• Others

By Application

• Oil & Gas
• Power Generation
• Chemical & Petrochemical
• Manufacturing
• Others

By Material Type

• Steel
• Brass
• Aluminum
• Cast Iron
• Others

By Region

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

Key Players

• Parker Hannifin Corporation
• Emerson Electric Co.
• Schneider Electric SE
• Flowserve Corporation
• Honeywell International Inc.
• Siemens AG
• Metso Corporation
• Valmet Corporation
• Crane Co.
• Watts Water Technologies, Inc.
• Swagelok Company
• Kitagawa Industries Co., Ltd.
• Festo AG & Co. KG
• AVK Holding A/S
• Graham Corporation