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NAICS Code 532210-05 Description (8-Digit)

Electric Equipment-Renting is a subdivision of the NAICS Code 532210 that involves the rental of various types of electric equipment to businesses and individuals. This industry provides a cost-effective solution for those who require specialized equipment for a short period of time, without the need for a long-term investment. The equipment rented out by companies in this industry is typically used for construction, industrial, or commercial purposes.

Hierarchy Navigation for NAICS Code 532210-05

Tools

Tools commonly used in the Electric Equipment-Renting industry for day-to-day tasks and operations.

  • Generators
  • Power distribution boxes
  • Extension cords
  • Lighting equipment
  • Electric drills
  • Saws
  • Welding equipment
  • Air compressors
  • Electric pumps
  • Electric heaters

Industry Examples of Electric Equipment-Renting

Common products and services typical of NAICS Code 532210-05, illustrating the main business activities and contributions to the market.

  • Construction equipment rental
  • Industrial machinery rental
  • Event lighting rental
  • Electric tool rental
  • Power generator rental
  • Electric pump rental
  • Welding equipment rental
  • Electric heater rental
  • Lighting equipment rental
  • Air compressor rental

Certifications, Compliance and Licenses for NAICS Code 532210-05 - Electric Equipment-Renting

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

  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for employees who work with electric equipment to ensure that they are aware of the safety hazards and how to prevent them. The certification is provided by OSHA, and
  • National Electrical Code (NEC) Certification: This certification is required for electricians who work with electric equipment to ensure that they are aware of the safety hazards and how to prevent them. The certification is provided by the National Fire Protection Association (NFPA), and
  • Environmental Protection Agency (EPA) Certification: This certification is required for employees who work with refrigerants to ensure that they are aware of the safety hazards and how to prevent them. The certification is provided by the EPA, and
  • Federal Communications Commission (FCC) Certification: This certification is required for employees who work with radio frequency equipment to ensure that they are aware of the safety hazards and how to prevent them. The certification is provided by the FCC, and
  • National Institute for Certification In Engineering Technologies (NICET) Certification: This certification is required for employees who work with fire alarm systems to ensure that they are aware of the safety hazards and how to prevent them. The certification is provided by NICET, and

History

A concise historical narrative of NAICS Code 532210-05 covering global milestones and recent developments within the United States.

  • The Electric Equipment-Renting industry has a long history dating back to the early 20th century when electric appliances started to become more common in households. The industry started with the rental of electric washing machines and refrigerators, which were too expensive for most households to purchase. In the 1950s, the industry expanded to include the rental of televisions and other electronic equipment. In recent years, the industry has seen significant growth due to the increasing demand for electric equipment in various industries, including construction, healthcare, and entertainment. In the United States, the industry has seen a surge in demand for electric equipment rentals due to the growth of the construction industry and the increasing popularity of events such as music festivals and sporting events that require electric equipment.

Future Outlook for Electric Equipment-Renting

The anticipated future trajectory of the NAICS 532210-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Electric Equipment-Renting industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for electric equipment in various sectors such as construction, healthcare, and entertainment. The growth of the construction industry is expected to be a major driver of the industry's growth as electric equipment is widely used in construction activities. Additionally, the increasing adoption of electric vehicles is expected to create new opportunities for the industry. The industry is also expected to benefit from the increasing trend of renting rather than buying equipment, as it provides cost savings and flexibility to businesses. However, the industry may face challenges such as increasing competition and the need to keep up with technological advancements.

Industry Innovations for NAICS Code 532210-05

Recent groundbreaking advancements and milestones in the Electric Equipment-Renting industry, reflecting notable innovations that have reshaped its landscape.

  • Online Rental Platforms: Many companies in the Electric Equipment-Renting industry have developed online rental platforms that allow customers to rent equipment easily and conveniently. These platforms provide a user-friendly interface that allows customers to browse equipment, check availability, and make reservations online.
  • Smart Equipment: The development of smart electric equipment has revolutionized the industry. Smart equipment is equipped with sensors and other advanced technologies that allow it to collect and transmit data, enabling businesses to monitor equipment usage, track maintenance needs, and optimize performance.
  • Sustainable Equipment: The industry has seen a growing trend towards sustainable electric equipment. Many companies are now offering electric equipment that is energy-efficient, eco-friendly, and reduces carbon emissions. This trend is driven by the increasing demand for sustainable solutions from customers and the need to comply with environmental regulations.
  • Equipment Tracking Systems: Many companies in the industry have implemented equipment tracking systems that allow them to monitor the location and usage of equipment in real-time. This technology helps businesses to optimize equipment usage, reduce downtime, and improve efficiency.
  • Equipment Maintenance Services: Some companies in the industry are now offering equipment maintenance services as part of their rental packages. These services include regular maintenance, repairs, and replacements, ensuring that equipment is always in good working condition. This trend is driven by the need to provide customers with a hassle-free rental experience and reduce downtime due to equipment breakdowns.

NAICS Code 532210-05 - Electric Equipment-Renting

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