Top 5 U.S. Growth Industries
Investing in growth industries can yield pleasant and unexpected returns. Each year, a few sectors experience a burst of progress and expansion, sending stock prices soaring. Here is our list of the top five growth industries to keep an eye on in 2015:
3D Printing The possibilities presented by 3D printing are awe-inspiring. From printing a car to a working gun, the options are seemingly limitless. The industry took off in 2014, and is expected to continue rapid growth this year. While no one has a grasp of what this technology is truly capable of just yet, it is clear that 3D printing is here to stay, and will be an integral part of US companies’ production platforms moving forward.
Solar Energy Investors have been waiting for years for solar energy to become a viable option in mass energy production. While it has failed to become commercially popular yet, 2015 is solar energy’s time to shine. The US continues to make significant strides to become more energyefficient, reducing its dependence on foreign energy supplies. With its increased emphasis on eco-friendly energy production and a lack of other viable “clean energy� options, solar energy will surge to the forefront this year.
Silicon Production Silicon demand is steadily growing, and its versatility is what makes production of it in 2015 a large growth industry. Silicon is used in many electronics, automobiles and construction projects, and as technology develops and expands, demand for silicon continues to rise. Supply is available to meet that demand, as silicon is the second most abundant element found in the Earth’s crust. Its prices are expected to shoot up nearly 20 percent in 2015.
Technology on the East Coast While Silicon Valley has been the leader in technology in the US for quite some time, eastern seaboard IT companies are poised to boom in 2015. Roughly 80 percent of the world’s largest technology companies own a large presence on the east coast, and with the recent explosion of cloud and mobile technology, IT companies here are looking promising this year.
Marijuana Regardless of your personal politics in regard to marijuana, it’s hard to argue that the industry isn’t primed for sizable growth. The legal marijuana industry is already valued at $3 billion, and is constantly expanding. As more states legalize marijuana, industry growth is expected to shoot upward of $20 billion in the next five to six years.
Jonah Engler is a Financial Expert based in New York City. A full time stock broker, franchise owner, coffee lover and investor; Engler helps startup businesses and franchise’s grow through smart financial planning.