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

• Valve wrenches
• Valve seat wrenches
• Valve stem packing extractors
• Valve seat grinding tools
• Valve lapping tools
• Valve spring compressors
• Valve core removal tools
• Valve stem seal pliers
• Valve stem seal installation tools
• Valve guide drivers
• Valve guide reamers
• Valve guide knurling tools
• Valve seat cutters
• Valve seat installation tools
• Valve seat removal tools
• Valve stem grinding tools
• Valve stem refacing tools
• Valve stem chamfering tools
• Valve stem end grinding tools

Common products and services typical of NAICS Code 423840-70, illustrating the main business activities and contributions to the market.

• Oil and gas
• Chemical
• Pharmaceutical
• Water treatment
• Power generation
• HVAC
• Pulp and paper
• Food and beverage
• Mining
• Construction

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

• American Petroleum Institute (API) Certification: API certification is required for valves used in the oil and gas industry. The certification ensures that the valves meet industry standards for quality, safety, and performance. The API provides a searchable database of certified products on their website:
• National Board Inspection Code (NBIC) Certification: NBIC certification is required for pressure relief valves used in the industry. The certification ensures that the valves meet safety standards and are suitable for use in high-pressure applications. More information can be found on the National Board website:
• Underwriters Laboratories (UL) Certification: UL certification is required for valves used in fire protection systems. The certification ensures that the valves meet safety standards and are suitable for use in high-temperature environments. More information can be found on the UL website:
• American Society Of Mechanical Engineers (ASME) Certification: ASME certification is required for valves used in high-pressure applications. The certification ensures that the valves meet safety standards and are suitable for use in high-pressure environments. More information can be found on the ASME website:
• Occupational Safety and Health Administration (OSHA) Certification: OSHA certification is required for valves used in workplaces where hazardous materials are present. The certification ensures that the valves meet safety standards and are suitable for use in hazardous environments. More information can be found on the OSHA website:

A concise historical narrative of NAICS Code 423840-70 covering global milestones and recent developments within the United States.

• The valves industry has been around for centuries, with the earliest known valve designs dating back to ancient Greece and Rome. These early valves were simple devices made of wood or stone that were used to control the flow of water in aqueducts and irrigation systems. Over time, valve designs became more sophisticated, with the introduction of metal valves in the 19th century and the development of new materials and manufacturing techniques in the 20th century. Today, valves are used in a wide range of industries, including oil and gas, chemical processing, and power generation. In the United States, the valves industry has a long history of innovation and growth. During the 20th century, the industry experienced significant expansion, driven by the growth of the oil and gas industry and the increasing demand for valves in other industrial applications. In recent years, the industry has faced challenges from increased competition and changing market conditions, but it continues to be an important part of the US economy.

The anticipated future trajectory of the NAICS 423840-70 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 Valves (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for valves in various end-use industries such as oil and gas, chemical, and water treatment. The growth of the construction industry is also expected to drive the demand for valves. The increasing focus on energy efficiency and the need for sustainable solutions are also expected to boost the demand for valves. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from low-cost manufacturers. Overall, the Valves (Wholesale) industry is expected to grow steadily in the coming years.

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

• Smart Valves: These valves are equipped with sensors and can communicate with other devices to provide real-time data on the valve's performance. They can help in reducing downtime and improving efficiency.
• 3D Printing: The use of 3D printing technology in valve manufacturing has enabled the production of complex valve designs with high precision and accuracy. This technology has also reduced the lead time for valve production.
• Iot-Enabled Valves: These valves are connected to the internet and can be remotely monitored and controlled. They can help in reducing maintenance costs and improving the overall efficiency of the valve system.
• High-Performance Coatings: The use of advanced coatings such as ceramic and diamond-like carbon coatings can improve the durability and performance of valves in harsh environments.
• Valve Condition Monitoring: The use of advanced sensors and analytics can help in predicting the maintenance needs of valves and reducing the risk of valve failure.