NAICS Code 423830-78 - Refinery Equipment (Wholesale)
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NAICS Code 423830-78 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423830-78
Parent Code (less specific)
Tools
Tools commonly used in the Refinery Equipment (Wholesale) industry for day-to-day tasks and operations.
- Refinery pumps
- Valves for refinery applications
- Heat exchangers for refining processes
- Storage tanks for crude oil and refined products
- Refinery distillation columns
- Refinery furnaces
- Refinery reactors
- Refinery separators
- Refinery compressors
- Refinery filters
Industry Examples of Refinery Equipment (Wholesale)
Common products and services typical of NAICS Code 423830-78, illustrating the main business activities and contributions to the market.
- Refinery pumps and valves
- Heat exchangers for refineries
- Storage tanks for crude oil
- Refinery distillation columns
- Refinery furnaces and reactors
- Refinery separators and compressors
- Refinery filters and strainers
- Refinery instrumentation and controls
- Refinery safety equipment and protective gear
- Refinery maintenance and repair services
Certifications, Compliance and Licenses for NAICS Code 423830-78 - Refinery Equipment (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- API 510 Pressure Vessel Inspector Certification: This certification is required for professionals who inspect pressure vessels in the petroleum and chemical industries. It is provided by the American Petroleum Institute (API).
- API 570 Piping Inspector Certification: This certification is required for professionals who inspect piping systems in the petroleum and chemical industries. It is provided by the American Petroleum Institute (API).
- API 653 Aboveground Storage Tank Inspector Certification: This certification is required for professionals who inspect aboveground storage tanks in the petroleum and chemical industries. It is provided by the American Petroleum Institute (API).
- OSHA Hazardous Waste Operations and Emergency Response (HAZWOPER) Certification: This certification is required for professionals who work with hazardous materials. It is provided by the Occupational Safety and Health Administration (OSHA).
- National Board Inspection Code (NBIC) Certification: This certification is required for professionals who perform inspections on boilers and pressure vessels. It is provided by the National Board of Boiler and Pressure Vessel Inspectors.
History
A concise historical narrative of NAICS Code 423830-78 covering global milestones and recent developments within the United States.
- The "Refinery Equipment (Wholesale)" industry has a long history of providing essential equipment to the oil and gas industry. The industry has been around since the early 20th century when the demand for oil and gas products started to increase. The industry has seen significant growth over the years, with the development of new technologies and the expansion of the oil and gas industry. In recent years, the industry has faced challenges due to the decline in oil prices, which has led to a decrease in demand for refinery equipment. However, the industry has remained resilient and has continued to provide essential equipment to the oil and gas industry. In the United States, the "Refinery Equipment (Wholesale)" industry has a rich history dating back to the early 1900s. The industry has played a critical role in the growth of the oil and gas industry in the United States. The industry has seen significant growth over the years, with the development of new technologies and the expansion of the oil and gas industry. In recent years, the industry has faced challenges due to the decline in oil prices, which has led to a decrease in demand for refinery equipment. However, the industry has remained resilient and has continued to provide essential equipment to the oil and gas industry.
Future Outlook for Refinery Equipment (Wholesale)
The anticipated future trajectory of the NAICS 423830-78 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Refinery Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for petroleum products. The growth of the oil and gas industry is expected to drive the demand for refinery equipment. The industry is also expected to benefit from the increasing demand for cleaner fuels and the need to upgrade existing refineries to meet environmental regulations. The industry is also expected to benefit from the increasing demand for petrochemicals, which are used in a wide range of products, including plastics, fertilizers, and pharmaceuticals. The industry is also expected to benefit from the increasing demand for renewable energy sources, which are expected to drive the demand for biofuels and other alternative fuels. Overall, the Refinery Equipment (Wholesale) industry is expected to grow in the coming years due to the increasing demand for petroleum products and the need to upgrade existing refineries to meet environmental regulations.
Industry Innovations for NAICS Code 423830-78
Recent groundbreaking advancements and milestones in the Refinery Equipment (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Advanced Process Control Systems: Advanced process control systems are being developed to optimize refinery operations and improve efficiency. These systems use advanced algorithms and machine learning to optimize refinery processes and reduce energy consumption.
- Digital Twins: Digital twins are virtual replicas of physical assets that can be used to simulate and optimize refinery operations. Digital twins can be used to optimize refinery processes, reduce downtime, and improve safety.
- Modular Refineries: Modular refineries are small-scale refineries that can be quickly deployed to remote locations. Modular refineries are designed to be cost-effective and can be used to produce a wide range of petroleum products.
- Renewable Energy Integration: Refineries are increasingly integrating renewable energy sources, such as solar and wind power, into their operations. This helps reduce the carbon footprint of refineries and improve their sustainability.
- Hydrogen Production: Refineries are increasingly producing hydrogen, which is used in a wide range of industrial processes, including the production of fertilizers and chemicals. Hydrogen production can also be used to reduce the carbon footprint of refineries by producing hydrogen from renewable sources.
NAICS Code 423830-78 - Refinery Equipment (Wholesale)
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