NAICS Code 423620-24 - Refrigeration Freezers (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423620-24 Description (8-Digit)

Refrigeration freezers wholesale involves the distribution of commercial and industrial refrigeration equipment designed to store and preserve perishable goods at low temperatures. These freezers are used in various industries such as food service, healthcare, pharmaceuticals, and research laboratories. The wholesalers in this industry purchase refrigeration freezers from manufacturers and distribute them to retailers, commercial businesses, and other wholesalers.

Hierarchy Navigation for NAICS Code 423620-24

Tools

Tools commonly used in the Refrigeration Freezers (Wholesale) industry for day-to-day tasks and operations.

  • Walk-in freezers
  • Reach-in freezers
  • Blast chillers
  • Display cases
  • Ice machines
  • Refrigerated prep tables
  • Undercounter freezers
  • Refrigerated merchandisers
  • Refrigerated trucks
  • Refrigeration compressors

Industry Examples of Refrigeration Freezers (Wholesale)

Common products and services typical of NAICS Code 423620-24, illustrating the main business activities and contributions to the market.

  • Restaurant refrigeration freezers
  • Medical refrigeration freezers
  • Laboratory refrigeration freezers
  • Supermarket refrigeration freezers
  • Convenience store refrigeration freezers
  • Hotel refrigeration freezers
  • Catering refrigeration freezers
  • Bakery refrigeration freezers
  • Butcher shop refrigeration freezers
  • Floral refrigeration freezers

Certifications, Compliance and Licenses for NAICS Code 423620-24 - Refrigeration Freezers (Wholesale)

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

  • EPA 608 Certification: This certification is required for technicians who work with refrigerants. It is issued by the Environmental Protection Agency (EPA) and ensures that technicians are knowledgeable about the safe handling of refrigerants.
  • OSHA 10-Hour General Industry Certification: This certification is required for workers in many industries, including wholesale, and covers general safety and health hazards in the workplace.
  • Hazardous Materials Transportation Certification: This certification is required for workers who transport hazardous materials, including refrigerants. It is issued by the Department of Transportation (DOT) and ensures that workers are knowledgeable about the safe handling and transportation of hazardous materials.
  • National Association Of Wholesaler-Distributors (NAW) Certification: This certification is offered by the NAW and covers a variety of topics related to wholesale distribution, including logistics, sales, and management.
  • North American Technician Excellence (NATE) Certification: This certification is offered to technicians who work in the HVAC industry, including those who work with refrigeration freezers. It covers a variety of topics related to HVAC systems, including installation, maintenance, and repair.

History

A concise historical narrative of NAICS Code 423620-24 covering global milestones and recent developments within the United States.

  • The refrigeration industry has a long and fascinating history. The first refrigeration system was invented in the early 1800s by William Cullen, a Scottish physician. However, it wasn't until the late 1800s that refrigeration technology began to be used on a commercial scale. In the early 1900s, refrigeration technology advanced rapidly, and by the 1920s, refrigerators were becoming a common household appliance. In the United States, the refrigeration industry continued to grow throughout the 20th century, with new advancements such as the introduction of the first frost-free refrigerator in the 1950s. In recent years, the industry has continued to evolve, with a focus on energy efficiency and the development of smart refrigeration technology that can be controlled remotely. Recent history in the United States: The refrigeration industry in the United States has seen significant growth in recent years, driven by factors such as increasing demand for frozen and refrigerated foods, the growth of e-commerce, and the rise of smart home technology. In 2019, the U.S. refrigeration market was valued at $10.7 billion, and it is expected to continue to grow in the coming years. One notable trend in the industry is the increasing popularity of energy-efficient refrigeration systems, which can help businesses and consumers save money on their energy bills while also reducing their environmental impact. Another trend is the growing use of smart refrigeration technology, which allows users to monitor and control their refrigeration systems remotely using a smartphone or other device.

Future Outlook for Refrigeration Freezers (Wholesale)

The anticipated future trajectory of the NAICS 423620-24 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 Refrigeration Freezers (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for refrigeration and freezing equipment in various sectors such as healthcare, food and beverage, and pharmaceuticals. The rise in e-commerce and online grocery shopping is also expected to drive the growth of the industry. Additionally, the increasing focus on energy-efficient and eco-friendly refrigeration systems is expected to create new opportunities for the industry. However, the industry may face challenges such as rising competition and the impact of the COVID-19 pandemic on the supply chain and demand. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423620-24

Recent groundbreaking advancements and milestones in the Refrigeration Freezers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Refrigeration Systems: These systems use sensors and artificial intelligence to monitor and optimize the temperature and energy consumption of refrigeration units, reducing energy costs and improving efficiency.
  • Solar-Powered Refrigeration: Some companies are developing solar-powered refrigeration systems that use renewable energy to power refrigeration units, reducing the carbon footprint of the industry.
  • Magnetic Refrigeration: This technology uses magnetic fields to cool refrigeration units, eliminating the need for harmful refrigerants and reducing energy consumption.
  • Internet Of Things (Iot) Enabled Refrigeration: IoT-enabled refrigeration systems use sensors and connectivity to monitor and control refrigeration units remotely, improving efficiency and reducing maintenance costs.
  • Energy-Efficient Refrigerants: Some companies are developing new refrigerants that are more energy-efficient and have a lower impact on the environment than traditional refrigerants. These innovations are expected to drive the growth of the industry and create new opportunities for wholesalers.

NAICS Code 423620-24 - Refrigeration Freezers (Wholesale)

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