NAICS Code 423420-23 - Fluid Meters & Counting Devices (Manufacturing) (Wholesale)

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NAICS Code 423420-23 Description (8-Digit)

Fluid Meters & Counting Devices (Manufacturing) (Wholesale) is an industry that involves the production and distribution of devices used to measure and count fluids. These devices are used in a variety of industries, including oil and gas, chemical, pharmaceutical, and food and beverage. The industry includes the manufacturing and wholesale distribution of flow meters, level meters, pressure meters, and other devices used to measure and monitor the flow of fluids.

Hierarchy Navigation for NAICS Code 423420-23

Tools

Tools commonly used in the Fluid Meters & Counting Devices (Manufacturing) (Wholesale) industry for day-to-day tasks and operations.

  • Flow meters
  • Level meters
  • Pressure meters
  • Turbine meters
  • Ultrasonic meters
  • Magnetic flow meters
  • Coriolis meters
  • Positive displacement meters
  • Vortex meters
  • Differential pressure meters
  • Mass flow meters
  • Rotameters
  • Sight flow indicators
  • Variable area flow meters
  • Electromagnetic flow meters
  • Thermal mass flow meters
  • Orifice meters
  • Pitot tubes
  • Venturi meters
  • Weir meters

Industry Examples of Fluid Meters & Counting Devices (Manufacturing) (Wholesale)

Common products and services typical of NAICS Code 423420-23, illustrating the main business activities and contributions to the market.

  • Oil and gas production
  • Chemical manufacturing
  • Pharmaceutical production
  • Food and beverage processing
  • Water treatment
  • Wastewater treatment
  • HVAC systems
  • Power generation
  • Pulp and paper production
  • Mining and minerals processing

Certifications, Compliance and Licenses for NAICS Code 423420-23 - Fluid Meters & Counting Devices (Manufacturing) (Wholesale)

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

  • ISO 9001: Quality Management System certification that ensures the company meets customer and regulatory requirements. It is provided by the International Organization for Standardization (ISO).
  • UL Listing: Certification provided by Underwriters Laboratories (UL) that ensures the safety and quality of products. It is required for electrical and electronic products.
  • NIST Calibration: Calibration certification provided by the National Institute of Standards and Technology (NIST) that ensures the accuracy of fluid meters and counting devices.
  • OSHA Compliance: Compliance with the Occupational Safety and Health Administration (OSHA) regulations that ensure a safe and healthy workplace.
  • EPA Compliance: Compliance with the Environmental Protection Agency (EPA) regulations that ensure the protection of the environment.

History

A concise historical narrative of NAICS Code 423420-23 covering global milestones and recent developments within the United States.

  • The history of the Fluid Meters & Counting Devices (Manufacturing) (Wholesale) industry dates back to the early 19th century when the first fluid meter was invented by a French engineer named Francois Isaac de Rivaz. The invention of the fluid meter was a significant milestone in the industry as it allowed for the accurate measurement of fluids, which was crucial for many industries, including oil and gas, chemical, and food and beverage. In the United States, the industry saw significant growth during the 20th century, with the development of new technologies such as electronic counters and flow meters. The industry also saw notable advancements in the development of new materials, such as plastics and composites, which allowed for the creation of more durable and efficient fluid meters and counting devices. In recent years, the industry has continued to evolve with the integration of new technologies such as the Internet of Things (IoT) and artificial intelligence (AI), which have enabled the creation of more advanced and sophisticated fluid meters and counting devices.

Future Outlook for Fluid Meters & Counting Devices (Manufacturing) (Wholesale)

The anticipated future trajectory of the NAICS 423420-23 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Fluid Meters & Counting Devices (Manufacturing) (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for fluid meters and counting devices in various sectors such as oil and gas, water and wastewater, and pharmaceuticals. The growing need for accurate measurement and control of fluid flow and volume is driving the demand for these devices. Additionally, the increasing adoption of automation in various industries is expected to boost the demand for fluid meters and counting devices. The industry is also expected to benefit from the growing trend of smart factories and the increasing use of IoT devices in industrial processes. However, the industry may face challenges such as increasing competition and the need to keep up with technological advancements to remain relevant in the market.

Industry Innovations for NAICS Code 423420-23

Recent groundbreaking advancements and milestones in the Fluid Meters & Counting Devices (Manufacturing) (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Ultrasonic Flow Meters: These meters use ultrasonic waves to measure the flow rate of fluids and are highly accurate and reliable. They are increasingly being used in various industries such as oil and gas, water and wastewater, and chemicals.
  • Smart Flow Meters: These meters are equipped with sensors and wireless communication technology that allows them to transmit data in real-time. They are being used in various industries to monitor and control fluid flow and volume.
  • Magnetic Flow Meters: These meters use magnetic fields to measure the flow rate of fluids and are highly accurate and reliable. They are being used in various industries such as water and wastewater, food and beverage, and pharmaceuticals.
  • Coriolis Flow Meters: These meters use the Coriolis effect to measure the mass flow rate of fluids and are highly accurate and reliable. They are being used in various industries such as oil and gas, chemicals, and food and beverage.
  • Iot-Enabled Counting Devices: These devices are equipped with sensors and wireless communication technology that allows them to transmit data in real-time. They are being used in various industries to monitor and control the counting of products and materials.

NAICS Code 423420-23 - Fluid Meters & Counting Devices (Manufacturing) (Wholesale)

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