NAICS Code 424720-03 - Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale)
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NAICS Code 424720-03 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424720-03
Parent Code (less specific)
Tools
Tools commonly used in the Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale) industry for day-to-day tasks and operations.
- Gas regulators
- Gas hoses
- Gas valves
- Gas meters
- Gas pressure gauges
- Gas leak detectors
- Gas cylinders
- Gas fittings
- Gas burners
- Gas stoves
Industry Examples of Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale)
Common products and services typical of NAICS Code 424720-03, illustrating the main business activities and contributions to the market.
- Gas grills
- Propane tanks
- Gas heaters
- Gas furnaces
- Gas dryers
- Gas fireplaces
- Gas generators
- Gas water heaters
- Gas ranges
- Gas ovens
Certifications, Compliance and Licenses for NAICS Code 424720-03 - Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- National Propane Gas Association (NPGA) Certified Employee Training Program (CETP): This certification program provides training for employees in the propane industry, covering topics such as propane delivery, installation, and safety. The program is provided by the National Propane Gas Association (NPGA).
- Department Of Transportation (DOT) Hazardous Materials Transportation Certification: This certification is required for employees who transport hazardous materials, including propane. The certification is provided by the Department of Transportation (DOT).
- Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS) Training: This training is required for employees who work with hazardous materials, including propane. The training covers topics such as labeling, safety data sheets, and hazard communication. The training is provided by the Occupational Safety and Health Administration (OSHA).
- National Fire Protection Association (NFPA) 58: Liquefied Petroleum Gas Code: This code provides guidelines for the safe storage, handling, and use of propane. The code is provided by the National Fire Protection Association (NFPA).
- Environmental Protection Agency (EPA) Underground Storage Tank (UST) Operator Training: This training is required for employees who operate underground storage tanks, including those used for propane. The training covers topics such as leak detection, spill prevention, and emergency response. The training is provided by the Environmental Protection Agency (EPA).
History
A concise historical narrative of NAICS Code 424720-03 covering global milestones and recent developments within the United States.
- The Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale) industry has a long history dating back to the early 20th century when propane was first discovered as a byproduct of natural gas processing. The industry grew rapidly during World War II when propane was used as a fuel for military vehicles and heating. In the 1950s, propane became a popular fuel for home heating and cooking, leading to a surge in demand for propane tanks and equipment. The industry continued to grow throughout the 20th century, with advancements in technology and safety regulations making propane a safer and more efficient fuel source. In recent years, the industry has faced challenges from the rise of renewable energy sources and increased competition from natural gas. However, the industry has adapted by expanding into new markets such as commercial and industrial applications, and by developing new products such as propane-powered vehicles. In the United States, the Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale) industry has seen steady growth over the past decade, driven by increasing demand for propane as a fuel source for residential, commercial, and industrial applications. The industry has also benefited from advancements in technology and safety regulations, which have made propane a safer and more efficient fuel source. In recent years, the industry has faced challenges from the rise of renewable energy sources and increased competition from natural gas. However, the industry has adapted by expanding into new markets such as propane-powered vehicles and by developing new products such as high-efficiency propane furnaces and water heaters.
Future Outlook for Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale)
The anticipated future trajectory of the NAICS 424720-03 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 Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for propane and butane gases in various industries such as agriculture, construction, and transportation. The industry is also expected to benefit from the growing demand for clean energy sources and the increasing use of propane as a fuel for vehicles. However, the industry may face challenges due to the volatility of gas prices and the increasing competition from alternative energy sources. Overall, the Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 424720-03
Recent groundbreaking advancements and milestones in the Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Propane Autogas: Propane autogas is a clean-burning alternative fuel that is gaining popularity in the transportation industry. Many fleet operators are switching to propane autogas to reduce emissions and save on fuel costs.
- Smart Tank Monitoring: Smart tank monitoring systems use sensors to monitor the level of propane in tanks and alert users when it's time to refill. This technology helps prevent run-outs and ensures that customers always have a reliable supply of propane.
- Propane-Powered Generators: Propane-powered generators are becoming increasingly popular in the construction industry. They offer a reliable source of power and are more environmentally friendly than traditional diesel generators.
- Propane-Powered Irrigation Systems: Propane-powered irrigation systems are gaining popularity in the agriculture industry. They offer a cost-effective and reliable way to power irrigation pumps and reduce emissions.
- Propane-Powered Forklifts: Propane-powered forklifts are a popular choice in the material handling industry. They offer a clean-burning alternative to diesel and electric forklifts and are more cost-effective than electric forklifts.
NAICS Code 424720-03 - Gas (Lpg) Bottled Bulk Equipment Supplies (Wholesale)
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