NAICS Code 333415-24 - Geothermal Heat Pumps (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS Code 333415-24 Description (8-Digit)

Geothermal Heat Pumps (Manufacturing) is a subdivision of the Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing industry. This industry involves the manufacturing of geothermal heat pumps, which are devices that use the earth's natural heat to provide heating, cooling, and hot water for residential and commercial buildings. Geothermal heat pumps are an energy-efficient and environmentally friendly alternative to traditional heating and cooling systems.

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 333415 page

Tools

Tools commonly used in the Geothermal Heat Pumps (Manufacturing) industry for day-to-day tasks and operations.

  • Heat exchangers
  • Compressors
  • Coils
  • Pumps
  • Valves
  • Sensors
  • Control systems
  • Refrigerants
  • Insulation materials
  • Copper tubing

Industry Examples of Geothermal Heat Pumps (Manufacturing)

Common products and services typical of NAICS Code 333415-24, illustrating the main business activities and contributions to the market.

  • Geothermal heat pump systems
  • Ground source heat pumps
  • Water source heat pumps
  • Closed-loop geothermal systems
  • Open-loop geothermal systems
  • Hybrid geothermal systems
  • Geothermal heat pump components
  • Geothermal heat pump installation equipment
  • Geothermal heat pump maintenance equipment
  • Geothermal heat pump repair equipment

History

A concise historical narrative of NAICS Code 333415-24 covering global milestones and recent developments within the United States.

  • The geothermal heat pumps industry has a long history dating back to the 1940s when the first geothermal heat pump was invented in Switzerland. The technology was later introduced to the United States in the 1970s, and since then, the industry has experienced significant growth. In the 1980s, the industry saw a surge in demand due to the oil crisis, which led to the development of more efficient and cost-effective geothermal heat pumps. In recent years, the industry has continued to grow due to increased awareness of the benefits of geothermal energy and the need for more sustainable heating and cooling solutions. In the United States, the geothermal heat pumps industry has seen steady growth over the past decade. In 2019, the industry was valued at $1.6 billion, and it is expected to continue growing in the coming years. The growth of the industry can be attributed to several factors, including government incentives for renewable energy, increased consumer awareness of the benefits of geothermal energy, and the need for more sustainable heating and cooling solutions. Overall, the geothermal heat pumps industry has a bright future ahead, and it is expected to continue growing as more people adopt renewable energy solutions.