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Industry undergirds global economic expansion

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Industry undergirds global economic expansion

  • The industrial sector includes the energy used to build cities, power factories, refine fuels and produce food
  • Manufacturing jobs contribute to rising prosperity, while also making products to meet consumer preferences for cars, clothing, cosmetics and computers
  • Almost half of the world’s energy is used for industrial activity
  • Overall, industrial energy demand rises about 20 percent from 2016 to 2040; the chemicals sector grows 40 percent
  • Improving industrial energy efficiency conserves fuel and reduces emissions
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