NAICS Code 334514-05 - Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing)

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NAICS Code 334514-05 Description (8-Digit)

Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing) is an industry that involves the production of devices used for measuring and counting fluids. These devices are designed to accurately measure the flow rate of fluids such as water, oil, and gas. The industry is responsible for the manufacturing of a wide range of devices that are used in various applications such as industrial, commercial, and residential settings.

Hierarchy Navigation for NAICS Code 334514-05

Tools

Tools commonly used in the Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing) industry for day-to-day tasks and operations.

  • Flow meters
  • Counters
  • Sensors
  • Transmitters
  • Valves
  • Pumps
  • Pipes
  • Fittings
  • Gauges
  • Calibration equipment

Industry Examples of Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing)

Common products and services typical of NAICS Code 334514-05, illustrating the main business activities and contributions to the market.

  • Water meters
  • Gas meters
  • Oil meters
  • Fuel meters
  • Chemical meters
  • Steam meters
  • Flow counters
  • Liquid dispensers
  • Tank level indicators
  • Pipeline monitoring devices

Certifications, Compliance and Licenses for NAICS Code 334514-05 - Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • UL Listing: This certification is provided by Underwriters Laboratories and ensures that the products meet safety standards.
  • CE Marking: This certification is required for products sold in the European Union and ensures that the products meet safety, health, and environmental protection standards.
  • Rohs Compliance: This certification ensures that the products do not contain hazardous substances such as lead, mercury, and cadmium. It is required for products sold in the European Union.
  • FCC Certification: This certification is required for products that emit radio frequency energy and ensures that they do not interfere with other electronic devices. It is provided by the Federal Communications Commission.

History

A concise historical narrative of NAICS Code 334514-05 covering global milestones and recent developments within the United States.

  • The Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing) industry has a long history dating back to the early 19th century when the first mechanical flow meters were invented. In the 20th century, the industry saw significant advancements with the introduction of electronic and digital flow meters. In the 1970s, the industry experienced a boom with the development of ultrasonic flow meters, which allowed for non-invasive flow measurement. In recent years, the industry has seen a shift towards smart flow meters that can communicate with other devices and systems, allowing for more efficient and accurate measurement. In the United States, the industry has been driven by the demand from the oil and gas industry, which has been a major consumer of flow meters. In the 21st century, the industry has also seen growth in the water and wastewater treatment sector, as well as in the pharmaceutical and food and beverage industries.

Future Outlook for Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing)

The anticipated future trajectory of the NAICS 334514-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing) industry in the USA is expected to grow in the coming years due to the increasing demand for flow meters and counting devices in various industries such as oil and gas, water and wastewater, and food and beverage. The industry is also expected to benefit from the growing trend of automation and digitization in manufacturing processes. The increasing adoption of IoT and cloud-based technologies is expected to drive the demand for smart flow meters and counting devices. However, the industry may face challenges such as the high cost of advanced technologies and the availability of low-cost alternatives from emerging economies. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 334514-05

Recent groundbreaking advancements and milestones in the Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Emerson's Micro Motion Coriolis Flow Meters: These flow meters provide accurate and reliable measurement of fluid flow rates and densities. They are designed for use in various industries such as oil and gas, food and beverage, and pharmaceuticals.
  • Honeywell's Smartline Pressure Transmitters: These transmitters provide accurate and reliable measurement of fluid pressure in various industrial applications. They are designed to withstand harsh environments and provide real-time data for process optimization.
  • Endress+Hauser's Promass Q Flow Meters: These flow meters provide accurate and reliable measurement of fluid flow rates and densities. They are designed for use in various industries such as oil and gas, chemicals, and food and beverage.
  • Siemens' SITRANS FC430 Coriolis Flow Meters: These flow meters provide accurate and reliable measurement of fluid flow rates and densities. They are designed for use in various industries such as oil and gas, chemicals, and food and beverage.
  • Abb's Ability Smart Sensor for Flow: This sensor provides real-time data on fluid flow rates and temperatures. It is designed to be retrofitted onto existing flow meters and provides predictive maintenance capabilities.

NAICS Code 334514-05 - Totalizing Fluid Mtrs/Cntng Device (Mfr) (Manufacturing)

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