Tools commonly used in the Magnets & Magnetic Devices (Wholesale) industry for day-to-day tasks and operations.

• Gaussmeters
• Magnetizers
• Demagnetizers
• Magnetic sweepers
• Magnetic separators
• Magnetic chucks
• Magnetic lifters
• Magnetic conveyors
• Magnetic stirrers
• Magnetic particle inspection equipment

Common products and services typical of NAICS Code 423990-25, illustrating the main business activities and contributions to the market.

• Magnetic sensors
• Magnetic locks
• Magnetic tapes
• Magnetic bearings
• Magnetic clamps
• Magnetic hooks
• Magnetic strips
• Magnetic name tags
• Magnetic whiteboards
• Magnetic therapy products

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

• ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
• Rohs: This certification ensures that the company's products are compliant with the Restriction of Hazardous Substances Directive, which restricts the use of certain hazardous materials in electrical and electronic equipment. It is provided by the European Union.
• REACH: This certification ensures that the company's products comply with the Registration, Evaluation, Authorization and Restriction of Chemicals regulation, which regulates the use of chemicals in the European Union. It is provided by the European Chemicals Agency.
• UL Listing: This certification ensures that the company's products meet safety standards set by Underwriters Laboratories, a global safety certification company.
• CE Marking: This certification ensures that the company's products meet safety, health, and environmental protection standards for products sold within the European Economic Area. It is provided by the European Union.

A concise historical narrative of NAICS Code 423990-25 covering global milestones and recent developments within the United States.

• The history of the Magnets & Magnetic Devices (Wholesale) industry dates back to the early 20th century when the first permanent magnets were invented. In the 1930s, the development of Alnico magnets, which are made of aluminum, nickel, and cobalt, revolutionized the industry. During World War II, magnets were used in radar systems, and the industry experienced significant growth. In the 1960s, the development of rare earth magnets, which are made of neodymium, iron, and boron, further expanded the industry. In recent years, advancements in technology have led to the development of stronger and more efficient magnets, which have increased the demand for magnets in various industries. In the United States, the Magnets & Magnetic Devices (Wholesale) industry has experienced steady growth since the 1990s. The industry has benefited from the growth of the electronics and automotive industries, which are major consumers of magnets. In recent years, the industry has also benefited from the growth of renewable energy sources, such as wind turbines, which require large magnets for their generators. Overall, the industry has been characterized by innovation and technological advancements, which have driven growth and increased demand for magnets.

The anticipated future trajectory of the NAICS 423990-25 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 Magnets & Magnetic Devices (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for magnetic devices in various applications such as automotive, electronics, and healthcare. The growing trend of miniaturization of electronic devices is also expected to drive the demand for magnets and magnetic devices. Additionally, the increasing focus on renewable energy sources such as wind turbines and electric vehicles is expected to boost the demand for magnets. However, the industry may face challenges such as the availability of raw materials and the increasing competition from low-cost manufacturers in other countries.

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

• Magnetic Levitation Trains: Magnetic levitation trains, also known as maglev trains, use magnets to levitate and propel the train. This technology has been in development for several years and has recently been implemented in some countries such as China and Japan.
• Magnetic Resonance Imaging (MRI): MRI is a medical imaging technique that uses magnets to create detailed images of the body. This technology has revolutionized the field of medical diagnosis and treatment.
• Magnetic Refrigeration: Magnetic refrigeration is a cooling technology that uses magnets to cool materials. This technology has the potential to be more energy-efficient and environmentally friendly than traditional refrigeration methods.
• Magnetic Bearings: Magnetic bearings are used in various applications such as turbines, compressors, and pumps. They offer several advantages over traditional bearings such as reduced friction and wear.
• Magnetic Sensors: Magnetic sensors are used in various applications such as automotive, aerospace, and industrial automation. They offer several advantages over traditional sensors such as higher accuracy and reliability.