BROWSE THROUGH OUR TRADE FAIRS FOR POWER & ENERGY INDUSTRY

Power & Energy

Overview of the power industry

The power industry is one of the global economy's most pivotal and significant sectors. This is because the mentioned segments provide a vital commodity to diverse industries. Among them are transport, manufacturing, healthcare, and chemistry. The power segment focuses on specific energy sources. For example, the power segment provides wares produced by energy sources. Examples include solar power and nuclear sources.

Is the sector of high value?

Due to its significance, the segment is regarded as one of the most considerable global sectors. For example, in recent years, the global market size has reached $1.90 trillion. More than 177,600 enterprises that employ over 67 million specialists produce such values. Also, the overall power sector is anticipated to continue its further development at a CAGR of 8.38%.

Is the sector innovative?

Among the leading causes for their development potential is a high focus on investing funds in R&D projects. They are anticipated to invest up to $3.2 trillion, for instance. It combines up to 35.2% of global funding to improve the use of renewable energies. Examples include wind, solar, and biofuels. Generally, the segments present their latest projects and innovations during trade expos. It encompasses events held every one to two years in Germany, Italian Republic, Turkey, and the United Kingdom. Such events attract hundreds of thousands of attendees.