NAICS Code 423720-47 - Wind Energy Systems (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423720-47 Description (8-Digit)

Wind Energy Systems (Wholesale) involves the distribution of wind energy systems and related equipment to retailers and other businesses. These systems are designed to harness the power of wind and convert it into usable energy for residential, commercial, and industrial applications. The industry includes a range of products such as wind turbines, blades, towers, generators, and control systems. Companies in this industry may also provide installation, maintenance, and repair services for wind 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 Wind Energy Systems (Wholesale) industry for day-to-day tasks and operations.

  • Wind turbine blades
  • Wind turbine towers
  • Wind turbine generators
  • Control systems for wind turbines
  • Wind speed sensors
  • Anemometers
  • Wind direction sensors
  • Power converters
  • Gearboxes
  • Pitch systems

Industry Examples of Wind Energy Systems (Wholesale)

Common products and services typical of NAICS Code 423720-47, illustrating the main business activities and contributions to the market.

  • Wind turbines
  • Wind farms
  • Wind power plants
  • Wind energy storage systems
  • Offshore wind energy systems
  • Onshore wind energy systems
  • Small wind energy systems
  • Community wind energy systems
  • Distributed wind energy systems
  • Hybrid wind energy systems

History

A concise historical narrative of NAICS Code 423720-47 covering global milestones and recent developments within the United States.

  • The wind energy systems industry has a long history dating back to the late 19th century when the first wind turbine was invented in Denmark. However, it wasn't until the 1970s that wind energy systems began to be used on a larger scale. In the 1980s, the industry saw significant growth, with the installation of large-scale wind farms in California and Denmark. In the 1990s, the industry continued to grow, with the development of more efficient turbines and the installation of wind farms in Europe and Asia. In recent years, the industry has seen continued growth, with the installation of large-scale wind farms in the United States, China, and India. In the United States, the wind energy systems industry has seen significant growth in recent years. In 2019, wind energy accounted for 7.2% of the total electricity generated in the United States, up from just 0.1% in 1990. The industry has been driven by a combination of federal and state policies, technological advancements, and declining costs. In 2019, the United States installed a record 9.1 GW of wind capacity, bringing the total installed capacity to over 105 GW. The industry has also seen significant job growth, with over 120,000 people employed in the industry in 2019.