Industrial Thermostatic Control Valves

Industrial Thermostatic Control Valves Market Outlook

The global Industrial Thermostatic Control Valves Market is projected to reach approximately USD 4.5 billion by 2035, growing at a compound annual growth rate (CAGR) of around 5.2% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing demand for efficient control systems across various industries, driven by the need for improved energy efficiency and enhanced process control. Additionally, the growing investments in infrastructure development, particularly in the oil and gas and chemical sectors, are also propelling the market forward. The rising awareness regarding environmental sustainability and regulatory compliance further emphasizes the importance of thermostatic control valves in managing energy consumption and minimizing emissions. Furthermore, the advancements in valve technology, including the integration of IoT and smart features, are expected to open new avenues for market growth.

Growth Factor of the Market

The Industrial Thermostatic Control Valves Market is significantly driven by several factors, including the rising demand for automation and process control in manufacturing industries. Industries such as oil and gas, chemical, and power generation are increasingly adopting sophisticated control systems to enhance operational efficiency and reduce downtime. Additionally, the growing emphasis on energy conservation and regulatory mandates is pushing organizations to invest in advanced control technologies, including thermostatic control valves that offer precise temperature regulation. Moreover, the expansion of the HVAC sector, driven by urbanization and the increasing need for climate control in residential and commercial buildings, further fuels the market growth. The rising demand for water and wastewater treatment solutions also contributes to the need for effective temperature control systems, thereby driving the market's expansion. Lastly, technological advancements that enable the integration of digital monitoring and control capabilities in thermostatic valves are enhancing their appeal in various applications.

Key Highlights of the Market

• Projected market size of USD 4.5 billion by 2035 with a CAGR of 5.2%.
• Increased adoption of automation across various industries.
• Growing focus on energy efficiency and regulatory compliance.
• Expansion in industries such as HVAC and water treatment.
• Advancements in technology enabling IoT integration in control valves.

By Product Type

Electric Control Valves:

Electric control valves are gaining traction in various applications due to their precision and reliability in temperature regulation. These valves utilize electric actuators to control the flow of fluids based on temperature inputs, making them ideal for complex systems that require precise control. The increasing trend of automation in industries such as HVAC and power generation is significantly boosting the demand for electric control valves. Additionally, their ability to integrate seamlessly with control systems, including those enabled by IoT technologies, enhances their functionality and appeal. As industries prioritize energy efficiency and process optimization, electric control valves are becoming essential components in modern industrial applications.

Pneumatic Control Valves:

Pneumatic control valves utilize compressed air to drive their operation, making them suitable for applications that require quick response times and high reliability. The demand for pneumatic control valves is particularly strong in sectors such as oil and gas and chemical processing, where rapid actuation and robust performance are critical. These valves are known for their durability and ability to operate effectively in harsh environments, which further adds to their appeal. Moreover, the growing trend of automation in manufacturing processes is fueling the demand for pneumatic control valves, as they can enhance operational efficiency and reduce energy consumption. As industries continue to seek reliable and efficient control solutions, pneumatic control valves are expected to experience steady growth in the coming years.

Self-Actuated Control Valves:

Self-actuated control valves are designed to function without external power sources, relying instead on the pressure or flow of the fluid being controlled. This feature makes them particularly attractive for applications where electrical or pneumatic power is unavailable or impractical. The self-actuating mechanism allows for simple installation and maintenance, which is a significant advantage in many industrial settings. These valves are commonly used in water and wastewater treatment applications, where they can help maintain optimal flow and temperature levels. The growing emphasis on sustainable practices in industrial operations is further driving the adoption of self-actuated control valves, as they promote energy savings and reduce operational costs.

Thermostatic Mixing Valves:

Thermostatic mixing valves play a crucial role in various applications by ensuring that the output temperature of mixed fluids remains consistent and within desired limits. These valves are widely used in plumbing systems, HVAC applications, and in process industries where precise temperature control is essential. The increasing focus on safety and compliance in residential and commercial installations is driving the demand for thermostatic mixing valves, as they help prevent scalding and ensure optimal performance of heating systems. Moreover, advancements in valve technology that enable better control and integration with smart systems are further enhancing their adoption across various sectors. The versatility and reliability of thermostatic mixing valves make them integral to modern industrial processes.

Temperature Control Valves:

Temperature control valves are specifically designed to regulate the temperature of fluids within a system, ensuring optimal performance and safety across various applications. These valves are critical in industries such as chemical processing, oil and gas, and HVAC, where precise temperature control is essential for efficient operations. The growing demand for process optimization and energy efficiency is driving the market for temperature control valves, as they help to minimize energy consumption and maintain desired process parameters. Additionally, the integration of digital technologies and IoT capabilities into temperature control valves is enhancing their functionality, making them more appealing to industries seeking advanced automation solutions. As industries focus on improving operational efficiency, the demand for temperature control valves is expected to rise significantly.

By Application

Oil & Gas:

The oil and gas industry is one of the largest consumers of industrial thermostatic control valves, as they play a critical role in maintaining optimal operating conditions in exploration, production, and refining processes. These valves are essential for controlling temperatures and pressures in pipelines, tanks, and processing units, ensuring safety and operational efficiency. The ongoing advancements in drilling and extraction technologies, coupled with the global demand for energy, are driving investments in the oil and gas sector, thereby boosting the demand for thermostatic control valves. As new projects and facilities are developed, the need for reliable and efficient temperature control solutions will continue to grow, positioning this sector as a key driver of market expansion.

Chemical:

In the chemical industry, thermostatic control valves are crucial for managing the temperature and flow of various chemical processes, ensuring safety and efficiency in operations. These valves are employed in reactors, distillation columns, and storage tanks, where precise temperature control is vital for maintaining product quality and preventing hazardous incidents. The increasing complexity of chemical processes and the rising focus on safety regulations are fostering the adoption of advanced thermostatic control valves. Furthermore, the growth of the specialty chemicals market and the trend toward sustainable practices are likely to drive investments in temperature control systems, thereby supporting the overall market growth in this segment.

Water & Wastewater Treatment:

The water and wastewater treatment sector relies heavily on effective temperature control systems to ensure the proper functioning of treatment processes. Thermostatic control valves are employed in various applications, including filtration, disinfection, and chemical dosing, where maintaining specific temperature ranges is essential for optimal performance. The increasing global focus on water conservation and the rising demand for clean water supply are driving investments in water treatment infrastructure, consequently boosting the market for thermostatic control valves. Additionally, the implementation of stringent regulations regarding water quality and safety standards is further propelling the demand for advanced control solutions in this sector, making it a significant contributor to market growth.

HVAC:

The HVAC industry is witnessing a growing demand for thermostatic control valves, which are essential for maintaining comfortable indoor temperatures and optimizing energy consumption in residential and commercial buildings. These valves are key components in heating and cooling systems, allowing for precise temperature regulation and enhancing overall system efficiency. The rising awareness of energy efficiency and the implementation of smart building technologies are driving the adoption of advanced thermostatic control solutions. Furthermore, the increasing trend toward green building practices and sustainable construction is expected to further fuel the demand for HVAC systems equipped with high-performance thermostatic control valves, thereby contributing to the market's growth in this application segment.

Power Generation:

Thermostatic control valves play a vital role in the power generation sector, where they are used to regulate temperature and flow in various processes, including steam generation and cooling systems. These valves are essential for maintaining optimal operating conditions and preventing overheating in equipment, thereby ensuring efficiency and safety in power plants. The growing focus on renewable energy sources and the modernization of existing power generation facilities are driving investments in advanced control technologies. As utilities seek to improve operational efficiency and reduce downtime, the demand for reliable thermostatic control valves will continue to rise, positioning the power generation sector as a significant contributor to market growth.

By Distribution Channel

Direct Sales:

Direct sales channels have become increasingly important in the Industrial Thermostatic Control Valves Market, as they provide manufacturers with an opportunity to build stronger relationships with customers and better understand their specific needs. By engaging directly with end-users, manufacturers can offer tailored solutions and ensure that their products meet the unique requirements of various applications. Direct sales also allow for more effective communication regarding product features and benefits, enabling customers to make informed purchasing decisions. As companies continue to focus on customer satisfaction and personalized service, the direct sales channel is expected to gain traction, driving growth in this segment of the market.

Distributor Sales:

Distributor sales play a crucial role in the Industrial Thermostatic Control Valves Market, as they facilitate the widespread availability of products to various industries. Distributors often have established relationships with multiple manufacturers and can provide customers with a range of product options, enhancing their purchasing experience. This sales channel is particularly important for reaching smaller businesses and end-users who may not have the resources to engage in direct negotiations with manufacturers. As the market continues to expand and new applications emerge, distributors will remain essential in ensuring that thermostatic control valves are readily available across all sectors, supporting overall market growth.

By Material Type

Brass:

Brass is a widely used material in the manufacturing of thermostatic control valves due to its excellent corrosion resistance and favorable mechanical properties. Valves made from brass are particularly suitable for applications in plumbing, HVAC, and water treatment, where they can withstand varying pressures and temperatures. The malleability of brass allows for intricate designs and precise manufacturing, making it a preferred choice for many valve applications. As industries continue to prioritize durability and reliability in their control systems, the demand for brass thermostatic control valves is expected to remain strong, supporting growth in this material segment.

Stainless Steel:

Stainless steel is renowned for its exceptional resistance to corrosion and high temperatures, making it an ideal material for thermostatic control valves used in harsh environments. These valves are commonly employed in the oil and gas, chemical, and food processing industries, where durability and safety are paramount. The increasing focus on hygiene and safety standards in various sectors is driving the adoption of stainless steel valves, as they can withstand rigorous cleaning and sterilization processes. As industries seek to enhance operational efficiency and safety, the demand for stainless steel thermostatic control valves is poised to grow, further strengthening this material segment.

Cast Iron:

Cast iron is frequently used in the manufacturing of thermostatic control valves for industrial applications due to its strength and durability. These valves are particularly suitable for high-pressure and high-temperature environments, where they can deliver reliable performance. Cast iron valves are commonly found in applications such as power generation and water treatment, where their robust construction is essential. The demand for cast iron thermostatic control valves is driven by the ongoing investments in infrastructure and industrial facilities, as well as the need for reliable temperature control solutions in demanding applications. As industries continue to expand, the market for cast iron valves is expected to experience steady growth.

Bronze:

Bronze is another popular material used in the manufacturing of thermostatic control valves, particularly in marine and corrosive environments. The unique properties of bronze, including excellent corrosion resistance and machinability, make it an ideal choice for valves used in applications such as HVAC, plumbing, and chemical processing. As industries become more aware of the importance of corrosion resistance in extending the lifespan of equipment, the demand for bronze thermostatic control valves is expected to increase. Additionally, the growing focus on sustainable practices and the use of eco-friendly materials in manufacturing will likely support the continued growth of this segment.

Plastic:

Plastic thermostatic control valves are gaining popularity due to their lightweight nature and resistance to corrosion, making them an attractive option for various applications. These valves are often used in industries such as water treatment and chemical processing, where they can offer significant cost savings and reduced weight compared to metal alternatives. The versatility of plastic materials allows for the manufacture of valves in various shapes and sizes, making them suitable for a wide range of applications. As industries continue to explore innovative solutions and prioritize cost-effectiveness, the demand for plastic thermostatic control valves is expected to rise, contributing to growth in this material segment.

By Region

The North American region is poised to dominate the Industrial Thermostatic Control Valves Market, accounting for approximately 35% of the total market share by 2035. This growth can be attributed to the presence of established manufacturing industries and the increasing focus on automation and process optimization. The region's stringent safety regulations and environmental standards are also driving investments in advanced control systems, including thermostatic control valves. Moreover, the ongoing expansion of infrastructure in the oil and gas sector, along with advancements in smart technologies, will further elevate the demand for these valves. The North American market is projected to grow at a CAGR of 5.0% during the forecast period, driven by these factors.

In the European region, the Industrial Thermostatic Control Valves Market is anticipated to hold a significant share, contributing around 30% to the global market by 2035. The growth in this region can be attributed to the robust chemical and manufacturing sectors, which are continuously seeking innovative solutions to enhance process efficiency and sustainability. Furthermore, the increasing focus on renewable energy sources and compliance with stringent environmental regulations are fostering investments in advanced control technologies. The European market is expected to witness a CAGR of 4.8% during the forecast period, driven by these trends and the ongoing push for energy efficiency across industrial applications.

Opportunities

The Industrial Thermostatic Control Valves Market is witnessing numerous opportunities driven by technological advancements and the increasing emphasis on automation across various sectors. As industries continue to embrace Industry 4.0 principles, the integration of IoT technologies in thermostatic control valves is presenting a significant opportunity for growth. Smart valves equipped with sensors and data analytics capabilities can provide real-time monitoring and control, enabling industries to optimize their processes and reduce energy consumption. The growing trend of predictive maintenance, where data-driven insights are used to anticipate equipment failures, is also fostering the demand for advanced control valves. This not only enhances operational efficiency but also minimizes downtime, making thermostatic control valves an essential component in modern industrial applications.

Moreover, the rising awareness regarding environmental sustainability and the need for energy-efficient solutions in industrial processes are creating new avenues for growth. Industries are increasingly looking for technologies that can help reduce their carbon footprint and comply with stringent environmental regulations. Thermostatic control valves, known for their precision and efficiency, play a crucial role in achieving these objectives. Additionally, the expansion of emerging markets, particularly in Asia Pacific and Latin America, presents significant growth opportunities for manufacturers of thermostatic control valves. The increasing investments in infrastructure projects and the rising demand for clean water and energy-efficient systems in these regions are likely to bolster the market's growth in the coming years.

Threats

Despite the growth potential, the Industrial Thermostatic Control Valves Market faces several threats that could impact its expansion. One of the primary challenges is the intense competition among manufacturers, which can lead to price wars and reduced profit margins. As more players enter the market, especially from low-cost regions, established companies may struggle to maintain their market share while ensuring quality and innovation. Additionally, fluctuations in raw material prices can pose a significant threat to manufacturers, as increased costs can directly impact the pricing of end products. Furthermore, the increasing focus on sustainability and the adoption of eco-friendly materials may require manufacturers to invest in new technologies and processes, which could strain their resources.

Another challenge facing the market is the reluctance of some industries to adopt advanced control technologies due to concerns regarding the initial investment costs and the perceived complexity of integrating new systems. As many industries are still operating with traditional control solutions, the transition to modern technologies may take time. This slow acceptance can hinder the overall growth of the thermostatic control valves market. Moreover, disruptions in the supply chain, particularly in light of global events such as pandemics or geopolitical tensions, can lead to delays in production and delivery, further impacting market dynamics. As manufacturers navigate these challenges, it will be essential for them to innovate and adapt to the changing landscape to sustain growth.

Competitor Outlook

• Emerson Electric Co.
• Honeywell International Inc.
• Siemens AG
• Moog Inc.
• Schneider Electric SE
• Valmet Corporation
• Viega GmbH
• Swagelok Company
• Flowserve Corporation
• Parker Hannifin Corporation
• Festo AG & Co. KG
• Kitz Corporation
• Belimo Holding AG
• Bosch Rexroth AG
• SPX Flow, Inc.

The competitive landscape of the Industrial Thermostatic Control Valves Market is characterized by the presence of several key players, each striving to gain a competitive edge through innovation, quality, and customer service. Major companies are increasingly investing in research and development activities to enhance their product offerings and leverage advancements in technology. This has led to the introduction of smart thermostatic control valves that incorporate IoT capabilities, allowing for real-time monitoring and improved operational efficiency. Additionally, strategic partnerships and collaborations are becoming common practices among industry players, as they seek to expand their market presence and access new customer segments. The focus on sustainability and eco-friendly solutions is also prompting companies to innovate and develop greener products that align with the evolving market demands.

Emerson Electric Co. is a prominent player in the market, known for its comprehensive range of automation solutions, including thermostatic control valves. The company emphasizes innovation and is committed to integrating digital technologies into its products to enhance performance and reliability. Emerson's strong focus on customer needs and continuous improvement has positioned it as a leader in the industry. Similarly, Honeywell International Inc. is recognized for its advanced control technologies and commitment to sustainability. The company's wide range of thermostatic valves caters to various applications, ensuring high performance and efficiency, making it a preferred choice among customers.

Siemens AG is another significant player, leveraging its extensive expertise in automation and control systems to offer high-quality thermostatic control valves. The company's commitment to research and development enables it to stay ahead of market trends, continuously improving its product offerings. Moreover, Siemens' global presence allows it to cater to diverse industries and customer needs effectively. Flowserve Corporation, known for its reliable and efficient valve solutions, also plays a crucial role in the market. The company focuses on providing innovative products that enhance operational reliability and safety, making it a trusted partner in various industrial applications. As these companies continue to innovate and adapt to changing market dynamics, they are likely to maintain their competitive positions in the Industrial Thermostatic Control 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 Moog Inc.
    • 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 Viega GmbH
    • 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 SPX Flow, 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 Bosch Rexroth AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Kitz 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 Swagelok Company
    • 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 Belimo Holding AG
    • 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 Festo AG & Co. KG
    • 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 Valmet 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 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 Schneider Electric SE
    • 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 Parker Hannifin 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 Honeywell International 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 Industrial Thermostatic Control Valves Market, By Application
    • 6.1.1 Oil & Gas
    • 6.1.2 Chemical
    • 6.1.3 Water & Wastewater Treatment
    • 6.1.4 HVAC
    • 6.1.5 Power Generation
  • 6.2 Industrial Thermostatic Control Valves Market, By Product Type
    • 6.2.1 Electric Control Valves
    • 6.2.2 Pneumatic Control Valves
    • 6.2.3 Self-Actuated Control Valves
    • 6.2.4 Thermostatic Mixing Valves
    • 6.2.5 Temperature Control Valves
  • 6.3 Industrial Thermostatic Control Valves Market, By Material Type
    • 6.3.1 Brass
    • 6.3.2 Stainless Steel
    • 6.3.3 Cast Iron
    • 6.3.4 Bronze
    • 6.3.5 Plastic
  • 6.4 Industrial Thermostatic Control Valves Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales

• 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 Industrial Thermostatic Control 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 Industrial Thermostatic Control Valves market is categorized based on

By Product Type

• Electric Control Valves
• Pneumatic Control Valves
• Self-Actuated Control Valves
• Thermostatic Mixing Valves
• Temperature Control Valves

By Application

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

By Distribution Channel

• Direct Sales
• Distributor Sales

By Material Type

• Brass
• Stainless Steel
• Cast Iron
• Bronze
• Plastic

By Region

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

Key Players

• Emerson Electric Co.
• Honeywell International Inc.
• Siemens AG
• Moog Inc.
• Schneider Electric SE
• Valmet Corporation
• Viega GmbH
• Swagelok Company
• Flowserve Corporation
• Parker Hannifin Corporation
• Festo AG & Co. KG
• Kitz Corporation
• Belimo Holding AG
• Bosch Rexroth AG
• SPX Flow, Inc.