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

• Oil pumps
• Valves for oil pipelines
• Hoses for oil transfer
• Oil meters
• Oil tanks
• Fittings for oil pipelines
• Oil spill containment equipment
• Oil skimmers
• Oil booms
• Oil absorbent materials

Common products and services typical of NAICS Code 423830-57, illustrating the main business activities and contributions to the market.

• Oil refineries
• Oil drilling companies
• Oil transportation companies
• Oil storage facilities
• Oil spill response companies
• Petrochemical plants
• Gasoline stations
• Aviation fuel suppliers
• Lubricant manufacturers
• Chemical manufacturers

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

• API Spec Q1: API Spec Q1 is a quality management system certification that is required for companies that manufacture and supply oil and gas equipment. It ensures that the company has a quality management system in place that meets API standards. The certification is provided by the American Petroleum Institute (API).
• ISO 9001: ISO 9001 is a quality management system certification that is required for companies that manufacture and supply oil handling equipment. It ensures that the company has a quality management system in place that meets ISO standards. The certification is provided by the International Organization for Standardization (ISO).
• OSHA 29 CFR 1910.120: OSHA 29 CFR 1910.120 is a certification that is required for companies that handle hazardous materials. It ensures that the company has a safety management system in place that meets OSHA standards. The certification is provided by the Occupational Safety and Health Administration (OSHA).
• UL 508A: UL 508A is a certification that is required for companies that manufacture and supply industrial control panels. It ensures that the company has a quality management system in place that meets UL standards. The certification is provided by Underwriters Laboratories (UL).
• NEC 500: NEC 500 is a certification that is required for companies that handle hazardous materials in classified locations. It ensures that the company has a safety management system in place that meets NEC standards. The certification is provided by the National Electrical Code (NEC).

A concise historical narrative of NAICS Code 423830-57 covering global milestones and recent developments within the United States.

• The "Oil Handling Equipment (Wholesale)" industry has a long history dating back to the early 20th century when the oil industry began to boom. The industry's growth was driven by the increasing demand for oil handling equipment, which was used to transport, store, and process oil. In the 1920s, the industry saw significant growth due to the discovery of large oil reserves in the United States. During this time, the industry developed new technologies and equipment to meet the growing demand for oil handling equipment. In the 1950s, the industry experienced a significant shift towards automation and computerization, which led to the development of more efficient and cost-effective equipment. In recent years, the industry has continued to evolve, with a focus on sustainability and environmental responsibility. The industry has also seen an increase in the use of digital technologies to improve efficiency and reduce costs. In the United States, the "Oil Handling Equipment (Wholesale)" industry has a more recent history. The industry began to grow in the 1970s, following the oil crisis of 1973. During this time, the United States began to focus on domestic oil production, which led to an increase in demand for oil handling equipment. In the 1980s, the industry saw significant growth due to the deregulation of the oil industry, which led to increased competition and innovation. In recent years, the industry has continued to grow, driven by the increasing demand for oil and gas in the United States. The industry has also seen a shift towards more sustainable and environmentally friendly practices, with a focus on reducing emissions and improving energy efficiency.

The anticipated future trajectory of the NAICS 423830-57 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 Oil Handling Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for oil handling equipment in the oil and gas industry. The growth of the oil and gas industry is driven by the increasing demand for energy, which is expected to continue to grow in the coming years. Additionally, the increasing adoption of automation and digitalization in the oil and gas industry is expected to drive the demand for advanced oil handling equipment. The industry is also expected to benefit from the increasing focus on safety and environmental regulations in the oil and gas industry, which is driving the demand for more efficient and environmentally friendly oil handling equipment. Overall, the industry is expected to experience steady growth in the coming years.

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

• Smart Oil Handling Equipment: The development of smart oil handling equipment that can monitor and optimize oil handling processes is a recent innovation in the industry. This technology allows for real-time monitoring of oil handling processes, which can help to improve efficiency and reduce costs.
• Automated Oil Handling Equipment: The increasing adoption of automation in the oil and gas industry has led to the development of automated oil handling equipment. This technology allows for the automation of oil handling processes, which can help to improve efficiency and reduce costs.
• Environmentally Friendly Oil Handling Equipment: The increasing focus on environmental regulations in the oil and gas industry has led to the development of more environmentally friendly oil handling equipment. This equipment is designed to reduce the environmental impact of oil handling processes.
• Advanced Oil Spill Response Equipment: The development of advanced oil spill response equipment is another recent innovation in the industry. This equipment is designed to help contain and clean up oil spills, which can help to reduce the environmental impact of oil handling processes.
• Portable Oil Handling Equipment: The development of portable oil handling equipment is another recent innovation in the industry. This equipment is designed to be easily transported and used in remote locations, which can help to improve efficiency and reduce costs.