Definition, Meaning & Synonyms

sunset-industry

Noun

/ˈsʌn.sɛt ˈɪn.də.stri/

Definition

An industry that is nearing the end of its life cycle, often due to declining demand, technological advancements, or shifting consumer preferences.

Examples

As cleaner energy sources become more popular, coal mining is often cited as a sunset industry.
The rise of digital media has turned traditional print newspapers into a sunset industry.
Many workers in sunset industries must retrain to join more dynamic and emerging sectors.

Meaning

The term ‘sunset industry’ refers to sectors of the economy that are in decline or expected to phase out, making way for new and more innovative industries.