Our Top 15 Industries.
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15. Software (entertainment)
Total market cap of the industry (in billions): $4,008
Total invested capital in the industry (in billions): $614
Total revenue of the industry (in billions): $527
Entertainment software is software used for entertainment purposes. Video games make up a huge chunk of this industry.
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14. Electronics (general)
Total market cap of the industry (in billions): $2,192
Total invested capital in the industry (in billions): $699
Total revenue of the industry (in billions): $1,153
You will see several entries in this list that wouldn't even be a consideration just a few decades ago and the general electronics industry is one of such industries.
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13. Chemical (Specialty)
Total market cap of the industry (in billions): $2,224
Total invested capital in the industry (in billions): $716
Total revenue of the industry (in billions): $846
Specialty chemicals are chemicals which are used to provide various effects which are integral as raw materials for many other industry sectors.
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12. Software (System & Application)
Total market cap of the industry (in billions): $6,613
Total invested capital in the industry (in billions): $383
Total revenue of the industry (in billions): $611
Software is as integral as hardware for the proper usage of tech, and software companies which design and implement programs pertaining to systems and application are considered to be among the most important companies.
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11. R.E.I.T
Total market cap of the industry (in billions): $2,468
Total invested capital in the industry (in billions): $2,536
Total revenue of the industry (in billions): $281
A real estate investment trust, or R.E.I.T., is a company which either owns or operates income-producing real estate. The type of real estate can vary significantly including apartment buildings, office buildings, warehouses, shopping centers and other types of commercial real estate. American Tower Corporation (NYSE:AMT) is one of the largest R.E.I.Ts in the world.
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10. Semiconductor
Total market cap of the industry (in billions): $4,259
Total invested capital in the industry (in billions): $644
Total revenue of the industry (in billions): $664
As technology continues to permeate every aspect of our life, the demand for semiconductors continues to grow which is great news for the giants of the industry including Intel Corporation (NASDAQ:INTC) which is the biggest semiconductor company in the entire world.
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9. Financial Services (Non-bank & Insurance)
Total market cap of the industry (in billions): $2,154
Total invested capital in the industry (in billions): $11,623
Total revenue of the industry (in billions): $805
The financial services industry is easily among the top industries in the world heading into 2023, with perhaps the biggest company in this sector being Berkshire Hathaway Inc. (NYSE:BRK.B) whose Trailing Twelve Month revenue is nearly $254 billion. This industry also includes some of the biggest audit firms in the world including Deloitte, KPMG, EY and PwC, with each firm earnings tens of billions of dollars in revenue each year.
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8. Diversified
Total market cap of the industry (in billions): $2,111
Total invested capital in the industry (in billions): $2,350
Total revenue of the industry (in billions): $1,637
Companies in the diversified sector are engaged in various industries and aren't confined to a specific industry. Most of the companies in the diversified sector are conglomerates which have subsidiaries engaged in different businesses.
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7. Food Processing
Total market cap of the industry (in billions): $2,251
Total invested capital in the industry (in billions): $963
Total revenue of the industry (in billions): $1,480
The food processing industry considers the transformation of agricultural produce into food and can include companies which grind grain to make wheat or companies that make convenience foods.
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6. Computers/Peripherals
Total market cap of the industry (in billions): $3,962
Total invested capital in the industry (in billions): $641
Total revenue of the industry (in billions): $1,479
In a world which is continuously evolving with respect to technology, computers and peripherals are integral to the success of most businesses. This is why even though each product may not cost a lot, the revenues earned by companies in this industry are astronomical, with Lenovo being the largest laptop manufacturer in the world and another major company being HP Inc. (NYSE:HPQ).
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5. Drugs (Pharmaceutical)
Total market cap of the industry (in billions): $4,387
Total invested capital in the industry (in billions): $1,129
Total revenue of the industry (in billions): $1,114
The pharmaceutical drug industry is incredibly important and integral to the improved living conditions that we find ourselves in, especially considering how much the world has improved in this regard compared to just a few decades ago.
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4. Auto & Truck
Total market cap of the industry (in billions): $2,662
Total invested capital in the industry (in billions): $2,032
Total revenue of the industry (in billions): $2,138
It is no surprise that the auto & truck industry is in our list, with the biggest companies in the sector including Ford Motor Company (NYSE:F) and Volkswagen.
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3. Power
Total market cap of the industry (in billions): $2,437
Total invested capital in the industry (in billions): $3,577
Total revenue of the industry (in billions): $1,936
The power industry comprises of companies which engage in providing power to homes and businesses. The power industry isn’t just one of the top industries in the world heading into 2023 but is easily one of the most integral industries since without it, most other industries would struggle to function well. The biggest power companies in the world include NextEra Energy, Inc. (NYSE:NEE) and Equinor ASA (NYSE:EQNR).
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2. Oil / Gas
Total market cap of the industry (in billions): $3,619
Total invested capital in the industry (in billions): $2,712
Total revenue of the industry (in billions): $2,897
The oil and gas industry has the highest revenue globally of any industry, which shouldn’t come as a surprise considering that only China National Petroleum Corporation has revenues higher than $400 billion while other giant such as Exxon Mobil Corporation (NYSE:XOM) and BP p.l.c. (NYSE:BP) have revenues well in excess of $200 billion.
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1. Banks
Total market cap of the industry (in billions): $7,101
Total invested capital in the industry (in billions): $16,271
Total revenue of the industry (in billions): $2,414
Easily topping the list of the top 20 industries in the world heading into 2023 is the banking industry. The banking industry is home to some of the biggest companies in the world including Capital One Financial Corporation (NYSE:COF), Barclays PLC (NYSE:BCS), Banco Santander, S.A. (NYSE:SAN) and Bank of America Corporation (NYSE:BAC).