Top 15 Fastest-GrowingIndustries Data & Insights

Growth indicator: Solar, wind, and geothermal industries are among the fastest-growing specific industries in the United States. According to the BLS employment projections for 2025–2035, jobs in the utilities industry are projected to grow by 9.8%, while solar and wind occupations are projected to grow by 36.5% and 29.5%, respectively.

Growth opportunity: Artificial intelligence is one of the key drivers of technology growth. Findings from McKinsey's research on high-growth opportunities indicate that AI-related software products, semiconductors, and cloud products have produced approximately $500 billion in incremental sales and $11 trillion in market capitalization gains since 2022.

Career advancement: Biotechnology use in medicine, health-related applications, and research fields continues to increase. Worldwide projections indicate that the biotechnology industry could reach approximately $3.88 trillion by 2030, with a 13.96% CAGR from 2024 to 2030, according to the global biotechnology market outlook.

Growth potential: Demand for electric cars is influencing related transportation industries, including automobile and parts manufacturing and vehicle battery and charger manufacturing. According to the BLS employment projections, other electrical equipment and component manufacturing occupations are projected to grow by 25.9% over the 2025–2035 period, including occupations related to vehicle batteries and other energy-storage batteries.

Growth potential: Cybersecurity products and services may see increased demand as more companies move customer information and AI-related activities to the cloud. Gartner's information-security forecast estimates worldwide information-security spending at approximately $244 billion in 2026.

Job growth: Health care and social assistance are among the fastest-growing job fields in the United States. According to the BLS employment outlook, nearly 2.2 million new jobs in health care and social assistance are projected between 2020 and 2035, representing a 9.5% increase in employment.

Growth potential: The logistics sector is expanding as increased e-commerce and other market forces strengthen supply-chain connections. U.S. job projections from the BLS industry outlook indicate an estimated 3.1% growth in transportation and warehousing occupations between 2025 and 2035.

Growth factors: Cloud computing and software services support rapidly growing technology fields, including business applications and artificial intelligence. Employment in computing and related equipment and services, including data processing and web hosting, is expected to grow 25.1% from 2025 to 2035, adding approximately 120,400 jobs, according to the BLS industry outlook. The cloud computing services industry is also identified by McKinsey as a high-growth technology field.

Growth opportunity: Financial services companies are being reshaped by technological advances in banking, payments, and other financial technologies. Companies are investing in or acquiring businesses that can improve and secure payment systems and other financial processes, creating continued opportunities across the fintech and digital-payments landscape.

Growth potential: Manufacturing trends and technologies include smart manufacturing and other automation technologies. BLS employment projections show that other electrical equipment and component manufacturing jobs are projected to grow by 25.9% between 2025 and 2035, driven in part by rising demand for batteries, energy-storage equipment, and fiber-optic telecommunications equipment.

Growth potential: Construction firms are seeing new business opportunities from infrastructure investment and commercial modernization projects, including data-center construction and energy projects. Employment projections from the BLS employment outlook show 5.2% growth in construction and extraction occupations from 2024 to 2034.

Growth opportunity: Technologies used in agriculture and related fields, including biotechnology, can help increase agricultural production and reduce costs. Market research projects the agriculture biotechnology sector to grow from $151.2 billion in 2024 to approximately $212.6 billion by 2030, representing annual growth of about 7.1%.

Growth factor: Improvements in technology and other changes are increasing demand for online and AI training and other educational services. While employment opportunities across U.S. educational services are somewhat limited, growth may be available in online education, workforce training, and other technology-enabled learning services. See the BLS industry employment projections for additional industry outlook information.

Opportunity: The space sector is becoming part of an emerging commercial market covering satellite and communications services, data applications, and launch capabilities. The McKinsey report on opportunities for new competition identifies the space sector as one of 18 emerging opportunities with potential to grow faster than many established industries.

Growth opportunity: Companies across industries are adopting practices designed to reduce environmental impact, including recycling and other circular-economy approaches. For manufacturers, these practices can reduce material costs while creating opportunities to meet growing consumer demand for sustainable packaging, products, and production methods.