Sunrise industries

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Sunrise industries

Growth industries in an economy that may become leaders in the market in the future.

Sunrise Industries

Industries in an economy that are growing rapidly and may become market leaders in the future. One example is the Internet industry in the 1990s. While many such companies were just part of the dot-com bubble, companies like Google and Amazon grew very quickly throughout the decade and are now considered fairly prominent stocks. Identifying sunrise industries can be risky, as one may be wrong about a market's direction. However, a correct investment can provide rapid capital appreciation in the near term and a steady return in the long term. See also: Industry life cycle, Sunset industry.
References in periodicals archive ?
In the words of the professor, the technology has the makings of a "serious sunrise industry .
Indian Radio Cab industry is a Sunrise industry characterized by huge demand, high growth rates and plenty of buzz.
Even before the Commission on Higher Education's partnership with the IT and Business Process Association of the Philippines (Ibpap) started early in 2013, we were keenly aware of business process outsourcing as a sunrise industry that had increased its share of the country's GDP, exports and employment quite significantly.
Market analysis:Ecological agriculture is a sunrise industry, is an important form of agricultural structural adjustment.
TELECOM which remained for years the sunrise industry in India is now facing rapid erosion in its equity.
He said: "This is a real sunrise industry, which is creating lots of jobs and it's all happening in our region.
At the same time, the domestic paper manufacturing sector can hardly be considered an infant or sunrise industry (which should be the main beneficiary of the Safeguard Measure Act) since it has been in operation for many decades, with little to show by way of improved efficiency or higher competitiveness against late-starting foreign paper manufacturers.
It's about helping to secure the UK s energy needs for the future on an affordable basis for consumers and ensuring that the UK is part of a sunrise industry with great potential for driving growth.
He explains: "It is very much a sunrise industry and the aim is to make sure as much of it as possible stays in the North-East.
The floriculture market has been declared the sunrise industry in India by the Government.
Rosario pointed out, however, that the domestic paper manufacturing sector could hardly be considered an infant or sunrise industry since it had been in operation for many decades, with little to show by way of improved efficiency or higher competitiveness against late-starting foreign paper manufacturers.
The healthcare industry is a sunrise industry and a strong growth engine of economic development in Mecklenburg-Vorpommern.