NAICS Code 423720-32 - Solar Energy Equipment (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423720-32
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NAICS Code 423720-32 Description (8-Digit)

The Solar Energy Equipment (Wholesale) industry involves the distribution of solar panels, solar water heaters, solar-powered generators, and other solar energy equipment to retailers, contractors, and other businesses. This industry is a subset of the Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers industry, and it plays a crucial role in the growth of the solar energy sector. Companies in this industry source solar energy equipment from manufacturers and distribute them to businesses that install and maintain solar energy 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 423720 page

Tools

Tools commonly used in the Solar Energy Equipment (Wholesale) industry for day-to-day tasks and operations.

  • Solar panels
  • Solar water heaters
  • Solar-powered generators
  • Solar inverters
  • Solar charge controllers
  • Solar batteries
  • Solar mounting systems
  • Solar tracking systems
  • Solar thermal collectors
  • Solar pool heaters
  • Solar attic fans
  • Solar-powered lighting systems
  • Solar-powered pumps
  • Solar-powered ventilation systems
  • Solar-powered refrigerators
  • Solar-powered air conditioners
  • Solar-powered water pumps
  • Solar-powered irrigation systems
  • Solar-powered streetlights

Industry Examples of Solar Energy Equipment (Wholesale)

Common products and services typical of NAICS Code 423720-32, illustrating the main business activities and contributions to the market.

  • Solar panel distributors
  • Solar water heater suppliers
  • Solar-powered generator wholesalers
  • Solar inverter distributors
  • Solar battery suppliers
  • Solar mounting system wholesalers
  • Solar thermal collector distributors
  • Solar pool heater suppliers
  • Solar attic fan wholesalers
  • Solar-powered lighting system distributors

History

A concise historical narrative of NAICS Code 423720-32 covering global milestones and recent developments within the United States.

  • The solar energy industry has a long history dating back to the 19th century when French scientist Edmond Becquerel discovered the photovoltaic effect. However, it wasn't until the 1950s that solar cells were first used to power small electrical devices. In the 1970s, the oil crisis led to a surge in interest in solar energy, and the industry began to grow rapidly. In the 1980s, the first large-scale solar power plants were built, and the industry continued to expand throughout the 1990s and 2000s. In recent years, there have been significant advancements in solar technology, including the development of more efficient solar cells and the use of energy storage systems to make solar power more reliable. In the United States, the solar energy industry has experienced significant growth in recent years. In 2019, the industry employed over 240,000 people and generated over $18 billion in investment. The growth of the industry has been driven by a combination of falling costs, government incentives, and increasing public awareness of the need to transition to renewable energy sources. In 2020, despite the challenges posed by the COVID-19 pandemic, the solar industry continued to grow, with a record 19.2 GW of solar capacity installed. The industry is expected to continue to grow in the coming years as the cost of solar energy continues to fall and more states adopt renewable energy targets.