NAICS Code 423730-21 - Thermostats (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423730-21
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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.

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 423730 page

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

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.