Fusion energy is the most promising option for clean, sustainable electricity generation, industrial and commercial heating, EV charging, AI data centers, and other power applications. Fusion is the only technology producing 24/7, directly dispatchable, zero-carb energy. Ignition Research provides global power demand forecasts, fusion industry TAM (Total Available Market) forecasts, analysis of demand drivers, fusion machine units forecasts, deployment timelines, and grid integration analysis.

AI and data centers have a voracious appetite for power, and fusion energy is one of the expected ways for the world to feed the beast. Goldman Sachs says that AI will drive data center power consumption from 2% to over 10% of global power usage by 2040. This is why we see Microsoft, AWS, and Google being early buyers and investors in fusion. Ignition Research is forecasting how this demand will be deployed and when. Fusion systems will be deployed in these “green field” energy applications.

The market for EV charging for consumers, commercial, and military will drive significant new power demands globally. The US-EIA expects EV pollution of over 650M EVs by 2050 worldwide, and the IEA forecasts nearly double this number (1.3B EVs by 2050). This market is well suited to the fusion industry and presents a ”green field” opportunity. Ignition Research will forecast the market demand timeline and the TAM (Total Available Market) globally for EV charging.

While using fusion energy for electricity often grabs the big headlines, one of the first purchase commitments for fusion systems is with Nucor Steel to power metal processing. We expect to see a significant use of fusion for many industrial and heat generation use cases. Ignition Research will forecast the global market demand timeline and the TAM (Total Available Market) for industrial and heating fusion systems.

Space and major shipbuilders are actively investing in fusion power systems to lower costs and reduce their carbon footprint. Leading space companies and government agencies are working with fusion developers to build new solutions that reach beyond our world. Ignition Research will forecast the market demand timeline and the TAM (Total Available Market) for shipping and space globally and across the solar system.

Based on the top-level fusion systems forecast, we break down the major subsystems and components expected to be used in laser, magnetic, stellarator, and hybrid fusion systems. We provide a map to materials that are now FOAK (First of a Kind), in pilot/specialty production, and COTS (Common Of The Shelf). Second, we forecast fusion power consumables such as tritium, capacitors, and other parts that must be serviced over the power plant’s lifetime. We will examine their stage of development, timeline to volume production, and share-of-wallet (market size/TAM).