Solenoid Valve

Solenoid Valve Market Outlook

The global solenoid valve market is projected to reach USD 6.1 billion by 2025, growing at a CAGR of 5.2% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing demand for efficient fluid control systems across various industries, coupled with the rise in automation technologies that require precise control mechanisms. Furthermore, the expanding automotive and manufacturing sectors, as well as the growing emphasis on sustainable practices such as water conservation and wastewater management, are anticipated to propel market growth. The emergence of smart solenoid valves equipped with IoT capabilities is also expected to enhance the market landscape, providing more efficient solutions for fluid management and operational efficiency.

Growth Factor of the Market

The solenoid valve market is experiencing robust growth due to several key factors. The increasing use of automation in industries such as manufacturing, automotive, and process control is driving the demand for solenoid valves, which are essential for the efficient regulation of fluids. Moreover, the growing need for energy-efficient systems and the rise in environmental regulations aimed at promoting water conservation and waste management are further bolstering the market. Additionally, advancements in technology have led to the development of smart solenoid valves, which offer superior control and monitoring capabilities. The rise in industrial activities in emerging economies, coupled with the ongoing trend towards upgrading aging infrastructure, is also contributing to the positive outlook for the solenoid valve market. This combination of factors is set to create substantial growth opportunities in the coming years.

Key Highlights of the Market

• Projected growth to USD 6.1 billion by 2025 with a CAGR of 5.2%.
• Increased adoption of automation technologies across various industries.
• Growing importance of energy-efficient and environmentally friendly solutions.
• Rising industrial activities in emerging markets driving demand.
• Development of smart solenoid valves with IoT capabilities enhancing market prospects.

By Type

2-way Solenoid Valve:

The 2-way solenoid valve is one of the most common types utilized across various applications due to its simplicity and effectiveness in controlling fluid flow. This type of valve consists of two ports: one for the inlet and another for the outlet, allowing for basic on/off control of fluid movement. The growing demand for automation and control in sectors such as water treatment, HVAC systems, and general industrial applications has been pivotal in fostering the growth of the 2-way solenoid valve segment. Moreover, manufacturers are increasingly focusing on developing more compact and energy-efficient 2-way solenoid valves, which are driving their widespread adoption across multiple industries.

3-way Solenoid Valve:

The 3-way solenoid valve is designed to control the flow of fluid between three different ports, allowing for more complex flow patterns compared to its 2-way counterpart. This type of valve is particularly useful in applications requiring mixing or diverting fluid flows, making it essential in chemical processing, irrigation systems, and HVAC applications. The versatility and functionality of 3-way solenoid valves have led to their increasing use in industries that prioritize precise fluid control. Additionally, advancements in materials and technology have resulted in the development of high-performance 3-way solenoid valves that can withstand harsh conditions, further enhancing their market appeal.

4-way Solenoid Valve:

4-way solenoid valves are integral to applications requiring the control of pneumatic actuators and fluid switching. They feature four ports that allow for the directional flow of air or other media in multiple directions, making them ideal for complex systems such as automated machinery and robotics. The expanding automation sector, particularly in manufacturing and assembly lines, is a significant driving force for the growth of the 4-way solenoid valve market. As industries increasingly seek to optimize their operations through automation, the demand for 4-way solenoid valves is expected to rise, supported by innovations in valve design and functionality.

5-way Solenoid Valve:

The 5-way solenoid valve offers additional functionality and control mechanisms, enabling the management of multiple flow paths simultaneously. This type of valve is often utilized in advanced pneumatic systems and is essential for applications that require intricate operations, such as in the automotive and aerospace industries. The increasing complexity of industrial processes has led to a higher demand for 5-way solenoid valves as they provide greater flexibility and efficiency in fluid control. Moreover, ongoing research and development efforts aimed at enhancing the reliability and performance of 5-way solenoid valves are likely to support their growth in the market.

Others:

This category encompasses various specialized solenoid valves that cater to specific applications or industries. These may include valves designed for corrosive environments, high-pressure applications, or unique configurations tailored to particular machinery. The increasing focus on niche applications and the demand for customized solutions are contributing to the growth of this segment. Manufacturers are continuously innovating to offer specialized solenoid valves, designed to meet stringent industry standards and performance criteria. The expansion of industrial sectors globally also presents new opportunities for the development and adoption of these specialized solenoid valve solutions.

By Application

Automotive:

In the automotive industry, solenoid valves play a crucial role in various systems, including fuel delivery, transmission control, and HVAC systems. The increasing emphasis on vehicle efficiency and the growth of electric and hybrid vehicles are driving the demand for solenoid valves that can offer precise control in these areas. Furthermore, advancements in automotive technology, such as the integration of electronic control units, are leading to a higher adoption of solenoid valves designed specifically for these applications. As the automotive industry continues to evolve, the reliance on solenoid valves for enhanced performance and efficiency will likely expand.

Chemical and Petrochemical:

Solenoid valves are vital components in the chemical and petrochemical industries, where they are employed to control the flow of corrosive and hazardous fluids. The stringent regulations governing these industries necessitate the use of high-quality solenoid valves that can ensure safety and reliability in operations. With the increasing production and processing of chemicals globally, the demand for solenoid valves that can withstand harsh environments and provide accurate control is on the rise. Additionally, the growing trend towards automation in chemical processing plants is anticipated to further bolster the market for solenoid valves within this sector.

Water and Wastewater:

The water and wastewater management sector is a significant application area for solenoid valves, as they are essential for controlling the flow of water and ensuring efficient treatment processes. With the increasing global population and urbanization, the demand for reliable water supply and wastewater treatment solutions is surging. Solenoid valves are used in various systems, including irrigation, filtration, and pumping stations, to manage water flow effectively. The growing focus on sustainable water management practices and the need for infrastructure upgrades in aging systems are expected to fuel the growth of solenoid valves in this application segment.

Food and Beverage:

In the food and beverage industry, solenoid valves are employed to regulate the flow of ingredients and control processing equipment. The need for hygienic and reliable systems that comply with industry regulations is driving the demand for high-quality solenoid valves in this sector. Moreover, the trend towards automation in food processing and packaging is further enhancing the market for solenoid valves designed for food and beverage applications. Manufacturers are increasingly developing valves that are easy to clean, corrosion-resistant, and capable of handling varying temperatures and pressures, thereby supporting their wider adoption in the industry.

Aerospace and Defense:

Solenoid valves are crucial in aerospace and defense applications, where they are used for controlling fluid systems in aircraft and military vehicles. The stringent safety and reliability standards in these industries necessitate the use of high-performance solenoid valves capable of operating under extreme conditions. The growing investments in aerospace infrastructure and defense capabilities across the globe are anticipated to drive the demand for solenoid valves in these applications. Furthermore, advancements in technology and materials are leading to the development of lightweight and compact solenoid valves that offer enhanced performance, contributing to their increased adoption in aerospace and defense systems.

By User

Oil and Gas:

The oil and gas industry relies heavily on solenoid valves for various applications, including drilling, extraction, and processing of hydrocarbons. These valves are essential for controlling the flow of fluids and maintaining safety in operations, especially in high-pressure environments. With the increasing global demand for energy and the exploration of new oil and gas reserves, the need for reliable and efficient solenoid valves is anticipated to grow. Furthermore, the industry's focus on automation and safety improvements is likely to drive the adoption of advanced solenoid valve technologies, ensuring optimal performance in critical operations.

Energy and Power:

In the energy and power sector, solenoid valves are utilized in various applications, including power plants, renewable energy systems, and grid management. The growing emphasis on energy efficiency and the transition towards sustainable energy sources are driving the demand for solenoid valves that can effectively control fluid flow in these systems. As the energy sector continues to evolve, particularly with the rise of renewable energy technologies, the reliance on solenoid valves for efficient operations and control mechanisms is expected to increase. Additionally, ongoing investments in upgrading existing energy infrastructure will further support the growth of solenoid valves in this sector.

Water and Wastewater Treatment:

Solenoid valves are integral to water and wastewater treatment facilities, where they are employed to control the flow of water and chemical additives necessary for treatment processes. The increasing focus on sustainable water management practices and the need for effective wastewater treatment solutions are driving the demand for solenoid valves in this area. With the growing population and urbanization necessitating improved water infrastructure, the market for solenoid valves in water and wastewater treatment is expected to witness significant growth. Moreover, advancements in valve technology that enhance reliability and efficiency will further bolster their adoption in treatment facilities.

Pharmaceuticals:

In the pharmaceutical industry, precision and compliance with stringent regulations are paramount, making solenoid valves critical components in manufacturing and processing equipment. These valves are used for controlling the flow of chemicals and active ingredients in various processes, ensuring accuracy and safety. The increasing demand for pharmaceuticals, coupled with the push for automation and process optimization, is driving the growth of solenoid valves in this sector. Furthermore, manufacturers are focusing on developing solenoid valves that meet the specific requirements of the pharmaceutical industry, including those that are easy to sterilize and resistant to contamination.

Automotive:

The automotive sector heavily relies on solenoid valves for various systems such as fuel injection, transmission control, and HVAC systems. With the automotive industry undergoing significant transformations through electric and autonomous vehicles, the demand for advanced solenoid valves offering precise control and efficiency is growing. As manufacturers seek to innovate and improve vehicle performance, the reliance on solenoid valves to manage critical functions will continue to increase. Additionally, the ongoing development of smart automotive technologies is expected to pave the way for new solenoid valve applications in the industry.

By Operation Type

Direct Acting Solenoid Valve:

Direct acting solenoid valves operate by using solenoid activation to directly control the valve seat, allowing for immediate opening and closing of the flow path. This type of valve is particularly suited for applications that require quick response times and is commonly utilized in low to moderate pressure environments. The simplicity of direct acting solenoid valves makes them a popular choice across various sectors, including HVAC, water treatment, and automotive applications. As industries continue to prioritize efficiency and rapid response in fluid control systems, the demand for direct acting solenoid valves is expected to remain strong.

Pilot Operated Solenoid Valve:

Pilot operated solenoid valves utilize a smaller pilot valve to control the flow through a larger main valve, making them ideal for high-pressure applications. This design allows for more efficient operation and reduced power consumption compared to direct acting valves, which is particularly beneficial in industrial processes. The growing need for energy-efficient solutions, combined with the increasing complexity of fluid control systems, is driving the demand for pilot operated solenoid valves across various industries. Their ability to manage larger flows while maintaining precision control positions them as an essential component in many applications.

Manifold Solenoid Valve:

Manifold solenoid valves are designed to integrate multiple valves into a single assembly, allowing for streamlined fluid control in compact spaces. This type of valve is particularly useful in applications where space is limited and multiple control points are required, such as in automated machinery and robotics. The trend towards miniaturization in industrial equipment is likely to spur the demand for manifold solenoid valves, as they offer the advantage of reduced installation time and improved system efficiency. The ongoing advancements in manifold valve technology and design are expected to further contribute to their growth in the market.

Servo Solenoid Valve:

Servo solenoid valves are advanced valves that utilize a servo motor for precision control of fluid flow, making them suitable for applications requiring high accuracy and responsiveness. These valves are increasingly being adopted in industries such as aerospace, automotive, and automation, where performance and reliability are critical. The growing trend towards automation and smart technologies is driving the demand for servo solenoid valves, as they offer enhanced control and monitoring capabilities. As industries continue to seek innovative solutions for fluid management, servo solenoid valves are expected to play a pivotal role in meeting these demands.

Others:

This category includes various specialized solenoid valve types that do not fit into the standard classifications. These may include custom-designed valves for specific applications or those that employ unique operating principles, such as proportional solenoid valves. The increasing demand for tailored solutions across various industries is driving the growth of this segment. Manufacturers are focusing on innovation and customization to provide solenoid valves that meet the specific needs of their clients, enabling greater flexibility and functionality in fluid control systems. The diversification in solenoid valve offerings is expected to enhance market growth by catering to niche applications.

By Region

The solenoid valve market exhibits varied performance across different regions, influenced by factors such as industrial growth, technological advancements, and regulatory frameworks. North America, with its robust manufacturing base and technological innovation, is anticipated to hold a significant share of the market. The region's emphasis on automation and energy efficiency is driving the demand for solenoid valves in various applications, from automotive to water management. Additionally, the increasing investments in infrastructure upgrades and sustainable practices are likely to propel market growth. The North America segment is projected to grow at a CAGR of 5.1% during the forecast period, indicative of its strong market position.

In contrast, the Asia Pacific region is expected to witness the highest growth rate in the solenoid valve market, driven by rapid industrialization and urbanization. Countries such as China and India are experiencing significant growth in their manufacturing sectors, leading to an increased demand for solenoid valves in various applications. The region's focus on improving water management and treatment facilities further contributes to the market's expansion. Moreover, the ongoing push towards automation in industries such as automotive and chemicals is set to drive the adoption of solenoid valves. The Asia Pacific market is projected to grow at a CAGR of 6.5%, underscoring its emerging importance in the global solenoid valve landscape.

Opportunities

The solenoid valve market presents numerous opportunities for growth, particularly in emerging economies where industrialization is on the rise. As countries in Asia Pacific and Latin America continue to expand their manufacturing capabilities and infrastructure, the demand for solenoid valves will correspondingly increase. Governments in these regions are also investing in modernization projects aimed at improving water management, energy efficiency, and industrial automation, which are all crucial for the adoption of solenoid valves. Additionally, the growing trend towards smart technologies and Industry 4.0 presents significant opportunities for solenoid valve manufacturers to develop innovative products that integrate IoT and automation features, enhancing their functionality and appeal to end-users.

Moreover, the increasing focus on sustainability and environmental regulations is driving the demand for solenoid valves that promote energy efficiency and resource conservation. Industries are increasingly seeking solutions that not only meet operational requirements but also align with environmental standards. Manufacturers have the opportunity to innovate and develop solenoid valves that cater to these needs, such as those designed for water conservation in irrigation systems or for efficient chemical processing in manufacturing plants. By proactively addressing these market trends and aligning product offerings with environmental goals, companies in the solenoid valve market can position themselves to capitalize on emerging opportunities and drive growth.

Threats

Despite the promising outlook for the solenoid valve market, several threats could hinder growth. One of the primary concerns is the intense competition within the industry, with numerous players vying for market share. This competition may lead to price wars, impacting profit margins and forcing companies to compromise on quality to remain competitive. Additionally, the rapid pace of technological advancement means that companies must continuously innovate to stay relevant. Failure to keep up with technological trends could result in obsolescence, as customers increasingly seek advanced solutions that offer better performance and reliability.

Another potential threat comes from economic fluctuations that can impact industrial investment and infrastructure projects. Economic downturns could lead to reduced budgets for capital investments in manufacturing and infrastructure, which may subsequently decrease the demand for solenoid valves. Furthermore, supply chain disruptions, as witnessed during the COVID-19 pandemic, pose significant challenges to manufacturers, affecting production schedules and delivery timelines. Companies need to implement robust supply chain strategies to mitigate these risks and ensure continuity in operations.

Competitor Outlook

• Parker Hannifin Corporation
• Emerson Electric Co.
• Siemens AG
• Honeywell International Inc.
• Festo AG & Co. KG
• Schneider Electric SE
• Bosch Rexroth AG
• ASCO Valve, Inc.
• Watts Water Technologies, Inc.
• GROVE CRANE
• Flowserve Corporation
• CKD Corporation
• Burkert Fluid Control Systems
• SMC Corporation
• Belimo Holding AG

The competitive landscape of the solenoid valve market is characterized by the presence of key players that are continually innovating to enhance their product offerings and capture a larger market share. Major companies are investing heavily in research and development to create advanced solenoid valves that meet the evolving demands of various industries. This focus on innovation is crucial for maintaining competitiveness, particularly as customer preferences shift toward smart and energy-efficient solutions. Additionally, these companies are leveraging strategic partnerships and collaborations to expand their market reach and enhance their capabilities in product development and manufacturing.

For instance, Parker Hannifin Corporation is known for its comprehensive range of solenoid valves designed for diverse applications, emphasizing energy efficiency and reliability. Emerson Electric Co. has also made significant strides in the market by integrating IoT technologies into its solenoid valve offerings, allowing for improved control and monitoring in industrial processes. Meanwhile, Siemens AG is leveraging its expertise in automation and digitalization to develop smart solenoid valves that enhance operational efficiency across various sectors. Such efforts from industry leaders are poised to shape the future of the solenoid valve market.

Moreover, emerging companies are entering the market with innovative solutions, challenging established players and fostering a dynamic competitive environment. These new entrants are often focused on niche applications or specialized products, providing customized solutions that cater to specific industry needs. As a result, manufacturers must remain vigilant and responsive to market trends, adapting their strategies to address the influx of competition. Overall, the competitive landscape of the solenoid valve market is expected to evolve continually as companies strive to innovate and meet the demands of an ever-changing industrial landscape.

• 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 GROVE CRANE
    • 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 CKD Corporation
    • 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 SMC Corporation
    • 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 ASCO Valve, 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 Bosch Rexroth AG
    • 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 Festo AG & Co. KG
    • 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 Burkert Fluid Control Systems
    • 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 Solenoid Valve Market, By Type
    • 6.1.1 2-way Solenoid Valve
    • 6.1.2 3-way Solenoid Valve
    • 6.1.3 4-way Solenoid Valve
    • 6.1.4 5-way Solenoid Valve
    • 6.1.5 Others
  • 6.2 Solenoid Valve Market, By User
    • 6.2.1 Oil and Gas
    • 6.2.2 Energy and Power
    • 6.2.3 Water and Wastewater Treatment
    • 6.2.4 Pharmaceuticals
    • 6.2.5 Automotive
  • 6.3 Solenoid Valve Market, By Application
    • 6.3.1 Automotive
    • 6.3.2 Chemical and Petrochemical
    • 6.3.3 Water and Wastewater
    • 6.3.4 Food and Beverage
    • 6.3.5 Aerospace and Defense
  • 6.4 Solenoid Valve Market, By Operation Type
    • 6.4.1 Direct Acting Solenoid Valve
    • 6.4.2 Pilot Operated Solenoid Valve
    • 6.4.3 Manifold Solenoid Valve
    • 6.4.4 Servo Solenoid Valve
    • 6.4.5 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 Solenoid Valve Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

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

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

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

Segments Analyzed in the Report

The global Solenoid Valve market is categorized based on

By Type

• 2-way Solenoid Valve
• 3-way Solenoid Valve
• 4-way Solenoid Valve
• 5-way Solenoid Valve
• Others

By Application

• Automotive
• Chemical and Petrochemical
• Water and Wastewater
• Food and Beverage
• Aerospace and Defense

By User

• Oil and Gas
• Energy and Power
• Water and Wastewater Treatment
• Pharmaceuticals
• Automotive

By Operation Type

• Direct Acting Solenoid Valve
• Pilot Operated Solenoid Valve
• Manifold Solenoid Valve
• Servo Solenoid Valve
• Others

By Region

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

Key Players

• Parker Hannifin Corporation
• Emerson Electric Co.
• Siemens AG
• Honeywell International Inc.
• Festo AG & Co. KG
• Schneider Electric SE
• Bosch Rexroth AG
• ASCO Valve, Inc.
• Watts Water Technologies, Inc.
• GROVE CRANE
• Flowserve Corporation
• CKD Corporation
• Burkert Fluid Control Systems
• SMC Corporation
• Belimo Holding AG