NAICS Code 333132-02 - Oil Field Equipment (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS Code 333132-02 Description (8-Digit)

Oil Field Equipment (Manufacturing) is a subdivision of the NAICS Code 333132 that involves the production of machinery and equipment used in the exploration, extraction, and transportation of oil and gas. This industry is responsible for manufacturing a wide range of specialized equipment that is used in the oil and gas industry, including drilling rigs, pumps, valves, and other machinery. The equipment produced by this industry is designed to withstand the harsh conditions of oil and gas exploration and extraction, including extreme temperatures, high pressures, and corrosive environments. As a result, the equipment produced by this industry is typically made from high-quality materials and is subject to rigorous testing and quality control procedures. Oil Field Equipment (Manufacturing) is a critical industry that plays a vital role in the oil and gas industry. Without the specialized equipment produced by this industry, it would be impossible to explore, extract, and transport oil and gas from the earth's crust.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 333132 page

Tools

Tools commonly used in the Oil Field Equipment (Manufacturing) industry for day-to-day tasks and operations.

  • Drilling rigs
  • Pumps
  • Valves
  • Compressors
  • Blowout preventers
  • Wellhead equipment
  • Subsea equipment
  • Mud pumps
  • Cementing equipment
  • Coiled tubing units
  • Fracturing equipment
  • Wireline units
  • Hydraulic power units
  • Pressure vessels
  • Heat exchangers
  • Separators
  • Flare stacks
  • Gas turbines
  • Diesel engines

Industry Examples of Oil Field Equipment (Manufacturing)

Common products and services typical of NAICS Code 333132-02, illustrating the main business activities and contributions to the market.

  • Drilling equipment
  • Wellhead equipment
  • Pumping equipment
  • Compressor equipment
  • Fracturing equipment
  • Coiled tubing equipment
  • Wireline equipment
  • Subsea equipment
  • Mud pumps
  • Cementing equipment

History

A concise historical narrative of NAICS Code 333132-02 covering global milestones and recent developments within the United States.

  • The Oil Field Equipment (Manufacturing) industry has a long history of technological advancements and innovations. In the early 1900s, the industry was focused on the production of drilling equipment, such as rotary rigs and drilling bits. In the 1930s, the industry saw the introduction of the first offshore drilling platform, which revolutionized the industry and allowed for the exploration of previously inaccessible oil reserves. In the 1950s, the industry saw the introduction of hydraulic fracturing, which allowed for the extraction of oil and gas from previously unproductive wells. In recent history, the industry has seen advancements in automation and digitalization, with the introduction of smart drilling technologies and the use of big data analytics to optimize drilling operations. In the United States, the Oil Field Equipment (Manufacturing) industry has a rich history dating back to the early 1900s. The industry has played a significant role in the growth of the US oil and gas sector, with many of the industry's key players headquartered in the US. In recent years, the industry has faced challenges due to the decline in oil prices, which has led to a decrease in demand for oil field equipment. However, the industry has also seen opportunities for growth, particularly in the development of new technologies and the expansion of the industry's global reach. Overall, the Oil Field Equipment (Manufacturing) industry has a long and storied history, marked by significant technological advancements and innovations.