Emerson Electric Co.

Final Control is Emerson's largest business group. It makes valves and the motors (actuators) that open, close, and adjust those valves, controlling the flow of liquid, gas, or steam inside industrial plants. This equipment is essential to running a refinery or chemical plant safely, and it needs regular replacement and maintenance, which gives Emerson a steady stream of parts and service revenue.最终控制是艾默生最大的业务集团。它生产阀门，以及打开、关闭和调节这些阀门的电机（执行器），用于控制工业工厂内液体、气体或蒸汽的流动。这些设备对炼油厂或化工厂的安全运行至关重要，需要定期更换和维护，这为艾默生带来了持续的零部件和服务收入。

• Fisher control valvesFisher 控制阀 — valves that a plant turns to set how much liquid or gas flows through a pipe.工厂用来设定管道内多少液体或气体流过的阀门。
• Bettis actuatorsBettis 执行机构 — the motor that turns a valve open or shut on a signal from the plant's control system.在工厂控制系统发出信号时，把阀门转动开或关的电机。

This business makes the sensors that read pressure, temperature, and flow inside pipes and tanks, giving plant operators the real-time data they need to run a process safely and efficiently. Because these instruments must meet strict accuracy and safety standards, a plant tends to keep buying from a proven supplier rather than switch, which gives Emerson steady replacement demand as sensors wear out or need recalibration.测量与分析业务生产读取管道和储罐内压力、温度和流量的传感器，为工厂操作人员提供安全高效运行工艺所需的实时数据。由于这些仪器必须符合严格的精度和安全标准，工厂往往会持续使用经过验证的供应商而不轻易更换，这为艾默生带来了传感器磨损或需要重新校准时的稳定更换需求。

• Rosemount transmittersRosemount 变送器 — sensors that read pressure, temperature, or tank liquid level and send the number to the control room.读取压力、温度或储罐液位、并把数值发送到控制室的传感器。
• Micro Motion flow metersMicro Motion 流量计 — devices that measure how much liquid or gas passes through a pipe, for billing and process control.测量多少液体或气体流过管道的设备，用于计费和过程控制。

This business sells the software that ties every sensor and valve in a plant together and runs the whole operation automatically, so operators can manage it from a central control room. Once a plant builds its safety and production processes around this software, replacing it means a costly and risky shutdown, which keeps customers renewing service contracts and buying upgrades for decades.控制系统与软件业务销售将工厂内每个传感器和阀门连接起来、并自动运行整个生产过程的软件，让操作人员可在中央控制室完成管理。一旦工厂围绕这套软件建立起安全和生产流程，更换它就意味着代价高昂且风险很大的停产，这使客户几十年来持续续签服务合同并购买升级。

• DeltaV — a control system that runs an entire chemical or power plant from one control room.一套从一个控制室运行整座化工厂或电厂的控制系统。
• AspenTech softwareAspenTech 软件 — software that models a plant on a computer, so engineers can test a change before making it for real.在电脑上对工厂建模的软件，让工程师能在真正动手之前先测试一项改动。

This business makes the switches, valves, and welding equipment used on factory assembly lines to move, join, and assemble products, as distinct from the process equipment used in a chemical plant. Demand here tracks factory capital spending more closely than the rest of Emerson's business, so it runs more cyclically.离散自动化业务生产用于工厂装配线的开关、阀门和焊接设备，用来移动、连接和组装产品，与化工厂使用的工艺设备不同。这项业务的需求与工厂资本支出的关联度高于艾默生其他业务，因此周期性更强。

• ASCO solenoid valvesASCO 电磁阀 — small electric valves that switch air or gas flow on and off inside a machine.在机器内部开关空气或气体流动的小型电动阀。
• Branson weldersBranson 焊接机 — machines that use heat or sound waves to join plastic parts on an assembly line.利用热量或声波在装配线上连接塑料件的机器。

This business sells hand tools, such as pipe wrenches and wire-pulling tools, that plumbers and electricians use on job sites away from the plant floor. Its customer is the tradesperson rather than the plant engineer, which spreads Emerson's revenue beyond its core process-industry customer base.安全与生产力业务销售手动工具，例如管道扳手和穿线工具，供水管工和电工在工厂现场以外的施工现场使用。该业务面向的客户是技工，而非工厂工程师，这使艾默生的收入来源不再仅仅依赖其核心的工艺行业客户群。

• RIDGID toolsRIDGID 工具 — pipe wrenches and drain-cleaning tools that plumbers use on the job.水管工在工作中使用的管钳和通下水道工具。
• Greenlee toolsGreenlee 工具 — tools that electricians use to cut, bend, and pull electrical wire.电工用来切割、弯曲和拉拽电线的工具。

Sold under the National Instruments name, this business makes hardware and software that engineers use to test new products, such as car parts, computer chips, or aircraft parts, before they go on sale. Emerson acquired National Instruments in 2023, adding this product-testing business alongside its process-plant equipment and giving it exposure to manufacturers' product-development spending.测试与测量业务以National Instruments品牌销售，生产工程师用于在新产品上市前进行测试的硬件和软件，例如汽车零部件、计算机芯片或飞机零件。艾默生于2023年收购National Instruments，将这项产品测试业务与其工艺工厂设备业务结合，使其能够涉足制造商的产品开发支出领域。

• National Instruments test systemsNational Instruments 测试系统 — hardware and software that checks whether a new car part, computer chip, or aircraft part works as designed.检查一个新汽车零件、计算机芯片或飞机部件是否按设计正常工作的硬件和软件。