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NAICS Code 423730-21 Description (8-Digit)

The industry of Thermostats (Wholesale) involves the distribution of thermostats to retailers, contractors, and other businesses that specialize in heating and air conditioning systems. Thermostats are devices that are used to regulate the temperature of a heating or cooling system, and they are an essential component of any HVAC system. This industry is responsible for providing a wide range of thermostats to meet the needs of various customers, including residential, commercial, and industrial applications.

Hierarchy Navigation for NAICS Code 423730-21

Tools

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

  • Programmable thermostats
  • Digital thermostats
  • Wi-Fi thermostats
  • Smart thermostats
  • Zoned thermostats
  • Non-programmable thermostats
  • Line voltage thermostats
  • Low voltage thermostats
  • Wireless thermostats
  • Touchscreen thermostats

Industry Examples of Thermostats (Wholesale)

Common products and services typical of NAICS Code 423730-21, illustrating the main business activities and contributions to the market.

  • Residential thermostats
  • Commercial thermostats
  • Industrial thermostats
  • HVAC thermostats
  • Energy-saving thermostats
  • Digital thermostats
  • Programmable thermostats
  • Smart thermostats
  • Wi-Fi thermostats
  • Zoned thermostats

Certifications, Compliance and Licenses for NAICS Code 423730-21 - Thermostats (Wholesale)

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

  • North American Technician Excellence (NATE) Certification: NATE is a non-profit organization that provides certification for HVAC technicians. The certification is designed to test the knowledge and skills of technicians in the HVAC industry, including those who work with thermostats. The certification is recognized throughout the US and is a requirement for many employers in the industry.
  • Environmental Protection Agency (EPA) Certification: The EPA requires that all technicians who work with refrigerants be certified. This includes those who work with HVAC systems and thermostats. The certification is designed to ensure that technicians are properly trained in the safe handling of refrigerants and the proper disposal of refrigerant-containing equipment.
  • National Comfort Institute (NCI) Certification: NCI provides certification for HVAC technicians in a variety of areas, including air balancing, combustion analysis, and carbon monoxide safety. The certification is designed to ensure that technicians have the knowledge and skills necessary to properly install and maintain HVAC systems, including thermostats.
  • Building Performance Institute (BPI) Certification: BPI provides certification for professionals who work in the building performance industry. This includes those who work with HVAC systems and thermostats. The certification is designed to ensure that professionals have the knowledge and skills necessary to properly diagnose and solve problems related to energy efficiency and indoor air quality.
  • Occupational Safety and Health Administration (OSHA) Certification: OSHA provides certification for professionals who work in a variety of industries, including the HVAC industry. The certification is designed to ensure that professionals are trained in the proper safety procedures and regulations related to their work. This includes those who work with HVAC systems and thermostats.

History

A concise historical narrative of NAICS Code 423730-21 covering global milestones and recent developments within the United States.

  • The "Thermostats (Wholesale)" industry has a long history dating back to the early 1800s when the first thermostat was invented by Andrew Ure. The first thermostats were simple devices that used mercury to measure temperature and control heating systems. In the 1880s, the first electric thermostats were introduced, which allowed for more precise temperature control. The industry continued to evolve throughout the 20th century, with the introduction of programmable thermostats in the 1970s and smart thermostats in the 2000s. In recent years, the industry has seen a shift towards more energy-efficient and eco-friendly thermostats, with companies like Nest and Ecobee leading the way. In the United States, the "Thermostats (Wholesale)" industry has seen significant growth in recent years, driven by the increasing demand for smart home technology and energy-efficient products. According to a report by Zion Market Research, the global smart thermostat market was valued at $1.36 billion in 2018 and is expected to reach $8.78 billion by 2025, growing at a CAGR of 30.2% between 2019 and 2025. In the US, the market for smart thermostats is expected to grow at a CAGR of 23.1% between 2020 and 2025, according to a report by Mordor Intelligence. The industry is also being driven by government initiatives aimed at reducing energy consumption and promoting sustainability, such as the Energy Star program and the Building Technologies Office of the US Department of Energy.

Future Outlook for Thermostats (Wholesale)

The anticipated future trajectory of the NAICS 423730-21 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the industry "Thermostats (Wholesale)" in the USA is positive. The increasing demand for energy-efficient and smart thermostats is driving the growth of the industry. The growing awareness of the benefits of smart thermostats, such as cost savings and convenience, is expected to boost the demand for these products. Additionally, the increasing adoption of the Internet of Things (IoT) technology in the residential and commercial sectors is expected to drive the growth of the industry. The industry is also expected to benefit from the increasing demand for HVAC systems in the construction industry. Overall, the industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423730-21

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

  • Smart Thermostats: Smart thermostats are one of the recent innovations in the industry. These thermostats are equipped with advanced features such as Wi-Fi connectivity, voice control, and learning capabilities. They can be controlled remotely through a smartphone app, and they can learn the user's preferences and adjust the temperature accordingly. Smart thermostats are gaining popularity due to their energy-saving features and convenience.
  • Programmable Thermostats: Programmable thermostats are another recent innovation in the industry. These thermostats allow users to set a schedule for their HVAC system, which can help save energy and reduce costs. They can be programmed to adjust the temperature based on the user's schedule, such as turning off the HVAC system when the user is away from home.
  • Wireless Thermostats: Wireless thermostats are another recent innovation in the industry. These thermostats can be installed without the need for wiring, which makes them easy to install and use. They can be controlled remotely through a smartphone app, and they can be programmed to adjust the temperature based on the user's preferences.
  • Voice-Controlled Thermostats: Voice-controlled thermostats are another recent innovation in the industry. These thermostats can be controlled through voice commands, which makes them convenient to use. They can be integrated with virtual assistants such as Amazon Alexa and Google Assistant, which allows users to control the temperature using voice commands.
  • Energy-Efficient Thermostats: Energy-efficient thermostats are another recent innovation in the industry. These thermostats are designed to save energy and reduce costs by adjusting the temperature based on the user's preferences. They can be programmed to adjust the temperature based on the time of day, the day of the week, and the user's schedule. Energy-efficient thermostats are gaining popularity due to their cost-saving features and environmental benefits.

NAICS Code 423730-21 - Thermostats (Wholesale)

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