Electric Thermostatic Valves Sales

Electric Thermostatic Valves Sales Market Outlook

The global electric thermostatic valves market is anticipated to reach a valuation of approximately USD 2.5 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.8% during the forecast period of 2025 to 2035. The increasing demand for energy-efficient heating systems, coupled with the rising emphasis on smart home technologies, is significantly propelling the market. Moreover, the rapid urbanization and expansion of commercial and industrial infrastructure are anticipated to further contribute to market growth. The ongoing technological advancements, including the integration of IoT in heating systems, are also expected to enhance the functionality and efficiency of electric thermostatic valves. These factors collectively create a robust environment for market expansion.

Growth Factor of the Market

The growth of the electric thermostatic valves market can be attributed to several key factors that are shaping the overall demand landscape. Firstly, the growing awareness and need for energy conservation and efficiency in heating systems have made electric thermostatic valves an integral part of modern HVAC systems. These valves help regulate and control the temperature, thereby optimizing energy usage and reducing utility costs. Additionally, the trend towards smart homes, fueled by advancements in home automation technology, is driving the adoption of electric thermostatic valves, as they can be integrated with smart thermostats and control systems for enhanced convenience and efficiency. Furthermore, the rise in construction activities worldwide, especially in developing regions, is creating a significant demand for efficient heating solutions in residential and commercial buildings. Lastly, government initiatives promoting energy-efficient systems are also acting as a catalyst for market growth, leading to increased investments in modern heating technologies.

Key Highlights of the Market

• The market is expected to demonstrate steady growth due to increasing energy efficiency regulations.
• Technological advancements in automation and IoT integration are driving innovation in electric thermostatic valves.
• The residential application segment holds a significant share, reflecting the rising trend of smart homes.
• North America is projected to be a significant market due to the increasing adoption of modern heating solutions.
• The competition in the market is intensifying as key players focus on product innovation and strategic collaborations.

By Product Type

2-Way Electric Thermostatic Valves:

2-way electric thermostatic valves are among the most common types used in heating systems. They operate by controlling the flow of water or steam in one direction, which allows for efficient temperature regulation in HVAC systems. These valves are typically employed in applications where straightforward control of heating or cooling is required, making them ideal for residential settings and basic commercial applications. The demand for 2-way valves is driven by their simplicity and effectiveness, particularly in systems where precise temperature control is less critical. Additionally, advancements in valve technology are improving their responsiveness and adaptability, further boosting their market presence.

3-Way Electric Thermostatic Valves:

3-way electric thermostatic valves are designed to control the flow of fluids in two directions, allowing for more complex temperature regulation in heating systems. These valves are particularly useful in applications where mixing of heated and cooled fluids is necessary, such as in larger commercial buildings and industrial facilities. The ability to redirect flow and mix fluids enhances the versatility of the systems they are used in. Moreover, the growing trend of integrating these valves with advanced control systems for better automation and efficiency is driving their adoption in various sectors, thus contributing to their market growth.

4-Way Electric Thermostatic Valves:

4-way electric thermostatic valves provide even greater versatility than their 2-way or 3-way counterparts. They are used in hydronic heating and cooling systems for distributing water in multiple directions, allowing for enhanced control over temperature and comfort levels in large-scale applications. These valves are particularly beneficial in complex HVAC systems where precise control of different zones is needed, such as in multi-story buildings or industrial plants. The increasing complexity of modern HVAC systems is significantly contributing to the demand for 4-way electric thermostatic valves, as they can optimize performance and improve energy efficiency across various applications.

Zone Electric Thermostatic Valves:

Zone electric thermostatic valves are crucial for creating separate temperature zones within a building, allowing for tailored heating solutions that enhance comfort and energy efficiency. By controlling the flow of hot water or steam to different areas, these valves enable users to maintain individual temperature settings based on occupancy and usage patterns. The growing emphasis on energy savings and personalized comfort in residential and commercial buildings is driving the demand for zone electric thermostatic valves, which can significantly reduce overall energy consumption while providing optimal heating performance across different zones.

Modulating Electric Thermostatic Valves:

Modulating electric thermostatic valves are designed to offer precise control over the flow of fluids, making them essential for applications requiring fine temperature regulation. These valves adjust their position gradually in response to changing temperature demands, allowing for smoother operation and minimizing energy loss compared to traditional on/off valves. As energy efficiency becomes increasingly critical in the design of HVAC systems, the demand for modulating electric thermostatic valves is expected to rise significantly. Their ability to improve overall system performance and reduce heating costs is making them a preferred choice for modern heating solutions.

By Application

Residential Buildings:

The residential buildings segment is one of the largest applications for electric thermostatic valves, reflecting the growing consumer demand for efficient and user-friendly heating solutions. With the increasing trend of smart homes, homeowners are becoming more interested in technologies that offer convenience, energy savings, and enhanced comfort. Electric thermostatic valves play a key role in these systems, enabling better temperature control and integration with smart devices. As more households incorporate smart thermostatic controls into their heating systems, the demand for electric thermostatic valves in residential applications is expected to continue to rise substantially.

Commercial Buildings:

In commercial buildings, the need for efficient heating and cooling systems is paramount due to the varied occupancy rates and diverse usage patterns. Electric thermostatic valves are crucial in managing temperature across different zones, ensuring that energy is used efficiently while maintaining comfort levels for occupants. The growing focus on sustainability and energy efficiency in commercial constructions is driving the adoption of advanced HVAC technologies, including electric thermostatic valves. As firms continue to prioritize energy savings and operational efficiencies, the commercial building segment is poised for significant growth in the electric thermostatic valves market.

Industrial Buildings:

Electric thermostatic valves are increasingly being employed in industrial buildings, where precise control over temperature and fluid flow is essential for operational efficiency. These valves help manage heating processes in manufacturing plants, warehouses, and other industrial settings, ensuring that equipment operates within optimal temperature ranges. The need for enhanced control and the rising adoption of automated systems in industrial environments are facilitating the growth of electric thermostatic valves in this sector. As industries move towards more energy-efficient processes, the demand for these valves is likely to see significant growth in the coming years.

Others:

This segment includes a variety of applications, such as institutional buildings, healthcare facilities, and hospitality sectors. In these environments, maintaining precise temperature control is critical for ensuring the comfort and safety of occupants. Electric thermostatic valves are increasingly being integrated into HVAC systems in these applications to enhance energy efficiency and improve air quality. The growing awareness of the importance of climate control in maintaining healthy environments is expected to drive demand in these sectors, further contributing to the growth of the electric thermostatic valves market.

By Distribution Channel

Online Stores:

Online stores have become a significant distribution channel for electric thermostatic valves, catering to the growing trend of e-commerce and online shopping. The convenience of purchasing HVAC components from the comfort of one's home has driven many consumers and businesses to prefer online platforms. With competitive pricing, a wide range of product options, and the ability to compare different models and features, online stores are well-positioned to tap into the increasing demand for electric thermostatic valves. Furthermore, the ease of access to product reviews and ratings enhances consumer confidence, further propelling sales through online channels.

HVAC Specialty Stores:

HVAC specialty stores are important distribution points for electric thermostatic valves due to their focus on heating, ventilation, and air conditioning products. These stores offer expert advice, hands-on assistance, and tailored solutions for customers looking to upgrade or repair their HVAC systems. The presence of knowledgeable staff who can provide insights into the latest technologies and trends in electric thermostatic valves contributes to customer satisfaction and loyalty. As the demand for specialized HVAC products continues to grow, HVAC specialty stores are expected to maintain a strong position in the distribution of electric thermostatic valves.

Direct Sales:

Direct sales channels, including manufacturer-to-consumer approaches, play a vital role in the distribution of electric thermostatic valves. This method allows manufacturers to offer competitive pricing, ensure product quality, and build direct relationships with customers. Direct sales enable manufacturers to provide tailored solutions that meet specific needs, fostering customer loyalty and repeat business. As more companies recognize the importance of establishing a direct connection with their customers, the direct sales channel is expected to gain further traction in the electric thermostatic valves market.

Others:

This category encompasses various distribution channels such as wholesale distributors and retailers that may not be specialized in HVAC products but offer electric thermostatic valves as part of their broader inventory. These channels contribute to market accessibility, allowing customers to find electric thermostatic valves in a wider range of retail settings. With the proliferation of home improvement stores and general hardware retailers carrying HVAC components, this distribution channel is positioned to support the growth of the electric thermostatic valves market as consumers look for convenient purchasing options.

By Material Type

Brass Electric Thermostatic Valves:

Brass electric thermostatic valves are widely used in various applications due to their excellent durability, corrosion resistance, and thermal conductivity. Brass, being a metal alloy primarily composed of copper and zinc, offers a good balance of performance and cost, making it a popular choice for heating systems. These valves are particularly effective in residential and commercial HVAC applications, where reliability and longevity are paramount. The rising demand for durable and efficient heating solutions is likely to continue driving the market for brass electric thermostatic valves.

Stainless Steel Electric Thermostatic Valves:

Stainless steel electric thermostatic valves are gaining popularity due to their superior resistance to corrosion and high temperatures, making them suitable for a wide range of heating applications. The characteristics of stainless steel, including its strength and aesthetic appeal, make these valves ideal for environments where cleanliness and hygiene are essential, such as in healthcare facilities and food processing plants. As industries increasingly prioritize materials that enhance operational efficiency while maintaining high standards of safety and hygiene, the market for stainless steel electric thermostatic valves is expected to grow significantly.

Cast Iron Electric Thermostatic Valves:

Cast iron electric thermostatic valves are recognized for their strength and ability to withstand high-pressure conditions, making them ideal for industrial applications and heavy-duty heating systems. The robustness of cast iron ensures long-term performance and reliability, even in demanding environments. However, while cast iron valves are durable, they can be heavier and less versatile than other materials. As such, their market presence is supported by sectors where robustness is critical, as well as where the operational costs justify their use over time, particularly in large-scale industrial applications.

Plastic Electric Thermostatic Valves:

Plastic electric thermostatic valves, often made from high-grade polymers, are becoming increasingly popular in various applications due to their lightweight nature, resistance to corrosion, and lower manufacturing costs. These valves are particularly advantageous in applications where weight is a concern or where chemical resistance is required. Moreover, the growing trend towards more sustainable materials in manufacturing processes is positively influencing the demand for plastic electric thermostatic valves. With ongoing innovations in plastic materials, the market for these valves is projected to expand as industries seek more cost-effective and efficient solutions.

By Region

The North American electric thermostatic valves market is projected to grow significantly, fueled by the increasing demand for energy-efficient solutions and modern heating technologies. With a valuation expected to exceed USD 700 million by 2035, this region is characterized by a high level of market penetration of electric thermostatic valves in both residential and commercial sectors. Factors such as stringent energy efficiency regulations and a growing focus on smart home technologies contribute to the robust growth trajectory in this region. Additionally, the integration of advanced automation and control systems in North America's heating infrastructure is expected to further amplify the demand for electric thermostatic valves, leading to an anticipated CAGR of 5.5% during the forecast period.

In Europe, the electric thermostatic valves market is also witnessing substantial growth, driven by the increasing adoption of advanced HVAC technologies and a strong emphasis on sustainability. The European market is expected to reach around USD 800 million by 2035, supported by stringent regulations aimed at reducing carbon emissions and enhancing energy efficiency in buildings. The growing trend towards electrification of heating systems, particularly in countries like Germany and the UK, is expected to bolster the demand for electric thermostatic valves in the region. Furthermore, the integration of smart technology into heating solutions is enhancing overall system performance, contributing to the positive growth outlook of the electric thermostatic valves market in Europe.

Opportunities

The electric thermostatic valves market presents numerous opportunities for growth, particularly in the context of increasing global awareness regarding energy conservation and sustainability. As governments worldwide implement stricter regulations aimed at reducing energy consumption in residential and commercial buildings, the demand for efficient heating solutions is expected to surge. This trend creates a fertile ground for the development and adoption of electric thermostatic valves, which play a crucial role in regulating temperatures and optimizing energy use. Moreover, the shift towards smart home technologies opens new avenues for manufacturers to innovate and integrate electric thermostatic valves with advanced control systems, enhancing their functionality and appeal to tech-savvy consumers. As the market continues to evolve, companies that can adapt to these trends and invest in research and development are likely to gain a competitive edge, unlocking new revenue streams and market share.

Another significant opportunity lies in the expansion of electric thermostatic valves into emerging markets, where rapid urbanization and infrastructure development are taking place. As these regions experience growth in residential, commercial, and industrial construction, there is a corresponding increase in the demand for efficient HVAC systems. Companies that strategically position themselves to tap into these developing markets can benefit from the rising trend of modern heating solutions. Additionally, partnerships with local distributors and HVAC contractors can enhance market penetration and foster brand recognition. By addressing the unique needs of these markets and offering tailored solutions, manufacturers can capitalize on the growing demand for electric thermostatic valves, positioning themselves for continued success in the future.

Threats

Despite the promising outlook for the electric thermostatic valves market, there are several threats that could potentially hinder growth. One prominent threat is the presence of substitute products that can fulfill similar functions at a lower cost. Traditional mechanical thermostats and valves are still widely used due to their reliability and lower initial investment. As consumers and businesses weigh the benefits of switching to electric thermostatic valves against the upfront costs, some may opt to stick with conventional solutions. Additionally, economic downturns and fluctuations in material costs can impact manufacturing processes, leading to potential price volatility and reduced profit margins. Companies must remain vigilant and adaptable to market conditions to mitigate these risks and sustain growth.

Another critical challenge facing the electric thermostatic valves market is the ongoing competition among key players. As the market becomes increasingly crowded, companies are under pressure to differentiate their products through innovation and pricing strategies. This competitive landscape can lead to price wars that may erode profit margins and impact the sustainability of smaller manufacturers. Furthermore, rapid technological advancements mean that companies must continuously invest in research and development to stay ahead of emerging trends and customer preferences. Failure to keep pace with technological progress or to effectively market innovations can result in lost market share and diminished brand equity. Therefore, companies must be proactive in their strategies to navigate these competitive pressures and remain relevant in the evolving electric thermostatic valves market.

Competitor Outlook

• Honeywell International Inc.
• Johnson Controls International plc
• Belimo Holding AG
• Emerson Electric Co.
• Siemens AG
• Schneider Electric SE
• TE Connectivity Ltd.
• GROVELEY AUTOMATION
• Watts Water Technologies, Inc.
• Norgren Ltd.
• Danfoss A/S
• American Standard Brands
• Rockwell Automation, Inc.
• Control4 Corporation
• Rheem Manufacturing Company

The competitive landscape of the electric thermostatic valves market is characterized by the presence of several key players who are continually striving to enhance their offerings and capture market share. Major companies such as Honeywell, Johnson Controls, and Siemens are at the forefront of technological innovation, investing heavily in research and development to deliver advanced and energy-efficient solutions. These companies leverage their established brand equity and extensive distribution networks to maintain a competitive advantage in the market. Additionally, the trend towards smart home technologies has prompted many players to integrate IoT capabilities into their products, enabling remote monitoring and control, which enhances their appeal to consumers. As a result, strategic partnerships and collaborations are also becoming increasingly common as companies seek to pool resources and knowledge to innovate and expand their product ranges.

Key companies like Belimo and Emerson Electric are recognized for their focus on high-quality manufacturing and exceptional customer service. These firms have built strong reputations within the industry, emphasizing the importance of reliability and performance in their electric thermostatic valve solutions. By continuously refining their products and adapting to the evolving needs of customers, they are well-positioned to capitalize on the growing demand for energy-efficient heating solutions. Furthermore, firms such as Danfoss and Watts Water Technologies are actively expanding their product lines to meet the diverse needs of various sectors, including residential, commercial, and industrial applications. Their commitment to sustainability and technological advancements ensures that they remain competitive in the dynamic market landscape.

In recent years, companies such as Schneider Electric and TE Connectivity have made significant strides in integrating sustainability into their product offerings, aiming to reduce environmental impact and promote energy efficiency. Their focus on developing solutions that align with global sustainability goals has resonated well with environmentally conscious consumers and businesses alike. As customers increasingly prioritize eco-friendly products, these companies are likely to benefit from heightened demand for their electric thermostatic valves. Additionally, the emergence of smaller, innovative startups in the electric thermostatic valves market is fostering a spirit of competition and spurring major players to innovate further. By continuously adapting to market demands and prioritizing sustainability, these companies are poised for growth in the coming years.

• 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 Siemens AG
    • 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 Danfoss A/S
    • 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 Norgren Ltd.
    • 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 Belimo Holding AG
    • 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 GROVELEY AUTOMATION
    • 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 Control4 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 Emerson Electric Co.
    • 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 TE Connectivity Ltd.
    • 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 American Standard Brands
    • 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 Rheem Manufacturing Company
    • 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 Watts Water Technologies, 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 Johnson Controls International plc
    • 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 Electric Thermostatic Valves Sales Market, By Application
    • 6.1.1 Residential Buildings
    • 6.1.2 Commercial Buildings
    • 6.1.3 Industrial Buildings
    • 6.1.4 Others
  • 6.2 Electric Thermostatic Valves Sales Market, By Product Type
    • 6.2.1 2-Way Electric Thermostatic Valves
    • 6.2.2 3-Way Electric Thermostatic Valves
    • 6.2.3 4-Way Electric Thermostatic Valves
    • 6.2.4 Zone Electric Thermostatic Valves
    • 6.2.5 Modulating Electric Thermostatic Valves
  • 6.3 Electric Thermostatic Valves Sales Market, By Material Type
    • 6.3.1 Brass Electric Thermostatic Valves
    • 6.3.2 Stainless Steel Electric Thermostatic Valves
    • 6.3.3 Cast Iron Electric Thermostatic Valves
    • 6.3.4 Plastic Electric Thermostatic Valves
    • 6.3.5 Others
  • 6.4 Electric Thermostatic Valves Sales Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 HVAC Specialty Stores
    • 6.4.3 Direct Sales
    • 6.4.4 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 Electric Thermostatic Valves Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

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

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

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

Segments Analyzed in the Report

The global Electric Thermostatic Valves Sales market is categorized based on

By Product Type

• 2-Way Electric Thermostatic Valves
• 3-Way Electric Thermostatic Valves
• 4-Way Electric Thermostatic Valves
• Zone Electric Thermostatic Valves
• Modulating Electric Thermostatic Valves

By Application

• Residential Buildings
• Commercial Buildings
• Industrial Buildings
• Others

By Distribution Channel

• Online Stores
• HVAC Specialty Stores
• Direct Sales
• Others

By Material Type

• Brass Electric Thermostatic Valves
• Stainless Steel Electric Thermostatic Valves
• Cast Iron Electric Thermostatic Valves
• Plastic Electric Thermostatic Valves
• Others

By Region

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

Key Players

• Honeywell International Inc.
• Johnson Controls International plc
• Belimo Holding AG
• Emerson Electric Co.
• Siemens AG
• Schneider Electric SE
• TE Connectivity Ltd.
• GROVELEY AUTOMATION
• Watts Water Technologies, Inc.
• Norgren Ltd.
• Danfoss A/S
• American Standard Brands
• Rockwell Automation, Inc.
• Control4 Corporation
• Rheem Manufacturing Company