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

• Pipe wrenches
• Adjustable wrenches
• Basin wrenches
• Flaring tools
• Tube cutters
• Pipe cutters
• Pipe benders
• Teflon tape
• Thread sealant
• Pipe dope

Common products and services typical of NAICS Code 444140-16, illustrating the main business activities and contributions to the market.

• Plumbing valves
• Heating valves
• Ventilation valves
• Air conditioning valves
• Irrigation valves
• Industrial valves
• Ball valves
• Gate valves
• Globe valves
• Check valves

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

• NSF/ANSI 61: Certification for products that come into contact with drinking water. This certification ensures that the product does not leach harmful chemicals into the water supply. Provided by NSF International.
• UL Listed: Certification for products that meet safety standards set by Underwriters Laboratories. This certification ensures that the product has been tested and meets safety requirements. Provided by Underwriters Laboratories.
• ASME Boiler and Pressure Vessel Code: Certification for products that meet safety standards for boilers and pressure vessels. This certification ensures that the product has been tested and meets safety requirements. Provided by the American Society of Mechanical Engineers.
• API 6D: Certification for valves used in the oil and gas industry. This certification ensures that the product meets safety and performance standards set by the American Petroleum Institute. Provided by the American Petroleum Institute.
• FM Approved: Certification for products that meet safety standards set by FM Global. This certification ensures that the product has been tested and meets safety requirements. Provided by FM Global.

A concise historical narrative of NAICS Code 444140-16 covering global milestones and recent developments within the United States.

• The history of the Valves (Retail) industry dates back to the early 20th century when the first valves were developed for industrial use. The first valves were made of brass and were used in steam engines. In the 1920s, the use of valves expanded to other industries such as oil and gas, chemical, and power generation. The valves were made of different materials such as steel, iron, and bronze. In the 1950s, the development of new materials such as plastics and composites led to the production of valves with better performance and durability. In recent years, the industry has seen the introduction of smart valves that can be remotely controlled and monitored. In the United States, the industry has grown steadily over the past decade, driven by the growth of the construction and manufacturing sectors. The industry has also benefited from the increasing demand for energy-efficient valves and the adoption of smart valves in various industries.

The anticipated future trajectory of the NAICS 444140-16 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 (Retail) 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, water and wastewater treatment, and chemical processing. The growth in 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 imports. Overall, the Valves (Retail) industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Valves (Retail) 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 energy consumption and improving the efficiency of the valve system.
• 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.
• Wireless Valve Monitoring: This technology allows for remote monitoring of valve performance and can help in identifying potential issues before they become major problems. It can also help in reducing maintenance costs and downtime.
• Self-Diagnosing Valves: These valves are equipped with sensors that can detect any issues with the valve's performance and can alert the operator before a major failure occurs. This can help in reducing downtime and maintenance costs.
• Valve Automation: The use of automation technology in valve systems can help in improving the efficiency and accuracy of the valve system. It can also help in reducing the need for manual labor and improving safety.