NAICS Code 424690-40 - Gas Compressor Stations (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424690-40 Description (8-Digit)

Gas Compressor Stations (Wholesale) is a subdivision of the Other Chemical and Allied Products Merchant Wholesalers industry. This industry involves the wholesale distribution of gas compressor stations, which are used to compress natural gas and other gases for transportation through pipelines. Gas compressor stations are essential for the transportation of natural gas over long distances, as the pressure of the gas decreases as it travels through the pipeline. Gas compressor stations are typically located along the pipeline route and are used to compress the gas to maintain the pressure required for efficient transportation.

Hierarchy Navigation for NAICS Code 424690-40

Tools

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

  • Compressors
  • Gas turbines
  • Reciprocating engines
  • Pumps
  • Valves
  • Pipes
  • Pressure gauges
  • Flow meters
  • Control systems
  • Lubrication systems

Industry Examples of Gas Compressor Stations (Wholesale)

Common products and services typical of NAICS Code 424690-40, illustrating the main business activities and contributions to the market.

  • Natural gas compressor stations
  • Petroleum gas compressor stations
  • Hydrogen gas compressor stations
  • Carbon dioxide gas compressor stations
  • Nitrogen gas compressor stations
  • Oxygen gas compressor stations
  • Biogas compressor stations
  • Landfill gas compressor stations
  • Coal bed methane gas compressor stations
  • Shale gas compressor stations

Certifications, Compliance and Licenses for NAICS Code 424690-40 - Gas Compressor Stations (Wholesale)

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

  • Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. The certification ensures that the driver has passed a background check and is aware of the risks and regulations associated with transporting hazardous materials. The certification is issued by the Department of Motor Vehicles (DMV) in each state.
  • Compressed Gas Association (CGA) Certification: A certification required for workers who handle compressed gases. The certification ensures that the worker is aware of the hazards associated with compressed gases and knows how to handle them safely. The certification is issued by the Compressed Gas Association.
  • Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS) Certification: A certification required for workers who handle hazardous chemicals. The certification ensures that the worker is aware of the hazards associated with the chemicals and knows how to handle them safely. The certification is issued by OSHA.
  • National Fire Protection Association (NFPA) 70E Certification: A certification required for workers who work with electrical equipment. The certification ensures that the worker is aware of the hazards associated with electrical equipment and knows how to work with it safely. The certification is issued by the National Fire Protection Association.
  • Pipeline and Hazardous Materials Safety Administration (PHMSA) Certification: A certification required for workers who transport hazardous materials by pipeline. The certification ensures that the worker is aware of the hazards associated with transporting hazardous materials by pipeline and knows how to do it safely. The certification is issued by the PHMSA.

History

A concise historical narrative of NAICS Code 424690-40 covering global milestones and recent developments within the United States.

  • The Gas Compressor Stations (Wholesale) industry has a long history dating back to the early 19th century when the first gas compressor was invented. The industry has since grown and evolved, with notable advancements such as the development of reciprocating compressors in the early 20th century and the introduction of centrifugal compressors in the 1950s. In recent history, the industry has seen significant growth due to the increasing demand for natural gas as a cleaner alternative to traditional fossil fuels. The shale gas revolution in the United States has also contributed to the growth of the industry, with the country becoming a major exporter of natural gas.

Future Outlook for Gas Compressor Stations (Wholesale)

The anticipated future trajectory of the NAICS 424690-40 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 Gas Compressor Stations (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for natural gas and the expansion of the natural gas pipeline network. The industry is also expected to benefit from the growing demand for natural gas as a cleaner alternative to coal and oil. The increasing use of natural gas in power generation and transportation is expected to drive the demand for gas compressor stations. However, the industry may face challenges due to the volatility of natural gas prices and the increasing competition from other energy sources. Overall, the Gas Compressor Stations (Wholesale) industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424690-40

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

  • The use of advanced analytics and machine learning algorithms to optimize the performance of gas compressor stations.
  • The development of new compressor technologies that are more energy-efficient and environmentally friendly.
  • The use of remote monitoring and control systems to improve the efficiency and safety of gas compressor stations.
  • The adoption of blockchain technology to improve the transparency and security of gas trading and supply chain management.
  • The integration of renewable energy sources such as solar and wind power into gas compressor stations to reduce their carbon footprint.

NAICS Code 424690-40 - Gas Compressor Stations (Wholesale)

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