Emerging technology and energy markets projected for significant growth

Multiple emerging technology and energy markets are projected to see significant growth over the next decade.

The global solid-state battery market is estimated to grow from approximately $895 million in 2026 to $39.76 billion by 2032, driven by demand for high-performance electric vehicles. Key players include Toyota, CATL, and BYD.

In the energy sector, the geologic natural hydrogen market is expected to expand from $50.2 million in 2025 to over $3 billion by 2035, with a compound annual growth rate of 50.7%. Meanwhile, the commercial hydrogen station market is forecasted to reach $3.045 billion by 2032 as demand shifts toward heavy-duty transport fleets.

In digital infrastructure, the sovereign cloud market is projected to rise from $18 billion in 2025 to $95 billion by 2035, fueled by increasing requirements for data sovereignty and regional regulatory compliance. Additionally, the underwater thruster market, essential for marine robotics and infrastructure inspection, is expected to grow from $83.26 million in 2025 to $244.63 million by 2032.