An Industrial Cluster Analysis explores how groups of inter-related industries drive wealth creation in a region, primarily through the export of goods and services. The use of clusters as a descriptive tool for regional economic relationships provides a richer, more meaningful representation of local industry drivers and regional dynamics that do previous traditional methods.
An industry cluster is different from the classic definition of an industry sector because it represents the entire value chain of a broadly defined industry from suppliers to end products, including supporting services and specialized infrastructure. Cluster industries are geographically concentrated and inter-connected by the flow of goods and services, which is stronger than the flow linking them to the rest of the economy.
Industry Cluster Analysis Fact Sheet
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