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Energy
What is the energy sector?
The energy sector focuses on the production of energy and related services. It comprises the supply, transport, and development of diverse types. It includes renewable energy sources, including solar and wind power. Also, it features non-renewables, such as oil and gas. The energy sector is among the most vital, lucrative, and extensive segments, spanning over 67 million employed experts. It is because of the importance of energy for various industries. These include the chemical, defense, agriculture, and beauty sectors. The consumer goods, HoReCa, medicine and government sectors also rely on it. As do the food, games, electronics, transportation, health and IT industries.
Value of the sector
The energy sector also depends on many other segments. These include the embedded systems, environment, and fire protection sectors. They also feature the geodesy, mining, industrial engineering, and metalworking industries. As a result, the sector is among the highest revenue ones. For instance, its market value has recently reached a market value of $1.89 trillion.
Is the sector innovative?
The energy sector is among the most innovative. This is due to the importance of staying up-to-date with the latest challenges. Often, it presents its newest solutions during annual or biannual trade expositions. These occur in diverse countries with time-honoured links to the segment. Examples include the United Arab Emirates and the Federative Republic of Germany. They further feature the French Republic, the Kingdom of Spain, and the United Kingdom. Likewise, they include Norway and Austria, with events attracting tens of thousands of attendants.