HVAC Control Market

Industry Overview

The Global HVAC Controls Market is experiencing significant growth, with a valuation of USD 16.4 billion in 2023. It is projected to reach USD 32.5 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 10.6% during the forecast period from 2025 to 2030. HVAC controls encompass control systems equipped with advanced sensing devices that compare the current environmental conditions, such as temperature, with desired settings. These systems effectively regulate the operation of air conditioning and heating systems within enclosed spaces. The surge in global industrialization has generated a substantial demand for heating and cooling equipment across various sectors, including mining and power generation. This demand is a key driving force behind the expansion of the HVAC controls market.

Moreover, the surge in energy bills and stringent regulations regarding environmental norms have enforced commercial organizations and industries to install HVAC controls. Furthermore, the mounting demand for remote access control systems during the COVID-19 pandemic that is easy to operate has led to significant growth in investments by commercial, residential, and industrial sectors in HVAC systems, resulting in advancement in HVAC control systems equipped with sensors.  According to the United Nations (UN), by 2050, around 68 percent of the world's population will be living in cities which will lead to an increase in industrial construction activities worldwide, thus necessitating the use of HVAC controls. Thus, the advancement in the infrastructure of residential, commercial, and industrial buildings has led to the rising demand for HVAC controls.

The COVID-19 pandemic has disrupted the global supply chain of HVAC equipment and other control components, resulting in a decline in HVAC controls across different industry verticals. Owing too social distancing norms, many HVAC businesses were forced to temporarily shut down, lay off employees, or operate remotely, resulting in a slow down of operation in the HVAC control industry.

Market Segmentation

Insight by System

Based on the system, the global HVAC controls market is categorized into temperature control systems, ventilation control systems, humidity control systems, and integrated control systems. The integrated control system market is anticipated to grow at a higher rate as it combines temperature, ventilation, light, and other control systems which provides users with the advantages of different features of various controls. It also integrates communication modes like Wi-Fi, cloud computing, and IoT, resulting in controlling, monitoring, and maintaining virtual HVAC systems from anywhere. The rising adoption of IoT in building infrastructure, mounting demand for smart homes, and rising demand for energy efficiency in buildings will accelerate the growth of integrated control systems.

Insight by Component

Based on component, the global HVAC controls market is bifurcated into sensors and controllers and controlled devices. The sensors segment is anticipated to register the highest growth rate and is an imperative component that is used to measure environmental variables like temperature and humidity. These sensors communicate information to the controllers and take appropriate actions. The advancement of wireless technology and its application in IoT and smartphones will further propel the growth of sensors in HVAC controls.

Insight by Implementation Type

Based on implementation type, the global HVAC control market is bifurcated into new construction and retrofit. Among the implementation type, the new construction segment dominates the HVAC controls market owing to robust infrastructural development, enhanced standard of living, and rising focus on energy-efficient HVAC systems.

Insight by End-User

Based on the end-user, the global HVAC control market is divided into residential, commercial, and industrial. The HVAC control for the residential segment dominates the market owing to favorable government regulations and tax credit facilities for the installation of HVAC systems, as well as the increased focus of end-users on lowering electricity bills. However, the COVID-19 has had an effect on the residential sector causing the market to decelerate. The increasing economic slowdown as a result of travel restrictions and reduced consumer demand as a result of lockdowns has had a significant impact on the HVAC controls market for the residential sector. Prices of HVAC control systems and related components and equipment are projected to rise as a result of the supply shortfall in nations like the United States, Australia, and Germany, which rely heavily on Chinese players for their operations.

Global HVAC Control Market Report Coverage

Industry Dynamics

Industry Trends

The rapid climate change owing to uncertain climatic conditions and surge in global temperature will lead to deployment of HVAC control equipment in residential spaces to improve air quality are the key trends in the HVAC control market. Also, initiatives by the government to create a green, clean, and sustainable environment. by providing financial benefits to promote the use of energy-saving equipment in both residential and commercial spaces are the key trends in the HVAC control market.  

Growth Drivers

The HVAC control market is poised for significant growth due to various factors. Firstly, there is a surging demand for remote control systems, driven by the need for convenient and efficient HVAC management. Additionally, extensive research and development activities are underway to create innovative HVAC control systems, further stimulating market expansion.

The expansion of infrastructure in industrial, residential, and commercial buildings is another crucial driver for market growth. As the population continues to increase, accompanied by a rise in disposable income in emerging economies, the demand for HVAC control systems will escalate.

Government initiatives aimed at boosting investment in the construction sector also contribute to the market's growth trajectory. Moreover, workplace modernization initiatives, combined with the integration of Internet of Things (IoT) technology in HVAC systems, play a pivotal role in driving market expansion.

It is worth noting that HVAC systems offer several advantages, including energy efficiency, enhanced performance, and extended lifespan. These benefits will continue to propel the growth of the HVAC control market as businesses and consumers increasingly recognize their value.

In summary, the HVAC control market is set to experience significant growth due to the mounting demand for remote control systems, ongoing R&D efforts for innovative HVAC control systems, infrastructure expansion, population growth, increasing disposable income in emerging economies, government investment in the construction sector, workplace modernization, and the integration of IoT technology. The market's growth will be further fueled by the numerous advantages offered by HVAC systems, such as energy efficiency, improved performance, and extended lifespan.

Challenges

The less adoption of HVAC controls due to lack of awareness among industry verticals, high cost, fluctuating raw material prices, and technical complexities related to installing and upgrading existing HVAC control systems may hinder the growth of the HVAC controls market. Moreover, the slowdown of HVAC control market growth owing to the spread of COVID-19 because it operates air-conditioning and ventilation systems may further have posed a challenge for the HVAC controls market.

Opportunities

The rising demand for cloud computing in HVAC and integration of smart devices with HVAC systems will create opportunities for growth in the HVAC controls market.

Geographic Overview

APAC is expected to contribute the fastest growth in the HVAC controls market. Owing to the rising HVAC control demand in the residential sector as a result of the rising population will fuel the growth in the region. The government is also promoting energy consumption practices that will accelerate the demand for energy-efficient HVAC systems. The surging construction of new residential and commercial buildings will accelerate the growth of HVAC controls and rising smart city projects along with government subsidies for HVAC manufacturers will further drive the growth of the HVAC controls market.

Competitive Insight

The industry players in the global HVAC controls market are highly competitive and are following strategies like M&A, joint venture, collaboration to sustain themselves in the market. The key players are investing in R&D to serve the mounting demand for advanced technology from developed economies.

Johnson environmental controls offer a complete revolution, with one-of-a-kind solutions that decrease installation, maintenance, and commissioning costs. They're easy to set up and install, and they're built and constructed to save energy and improve room/occupant comfort. The products offered include valves & actuators, sensors, thermostats, critical environmental controls, airflow control, energy solutions, and panels.

Carrier is a leading provider of heating, air-conditioning, and refrigeration solutions. Their rapid HVAC segment offers industry-leading solutions to enhance global comfort, productivity, and efficiency, Their innovative controls, and building automation systems will drive the future of intelligent and sustainable buildings.

In December 2021, Johnson Controls, one of the global leaders for smart, healthy, and sustainable buildings, is offering a novel solution to millions of Americans requiring efficient and environmentally sustainable home heating and cooling with Ultimate Home Comfort™, a 10-year residential HVAC leasing program in partnership with Fundient Capital LLC, thus saves energy cost of up to 53%.

In June 2021, Honeywell has partnered with Trane technologies to accelerate the transition to next-generation, environmentally preferable refrigerant via field testing Honeywell's Solstice® N41 (R-466A), the industry's first non-flammable alternative to R-410A.

DAIKIN INDUSTRIES, Ltd., Johnson Controls, Emerson Electric Co, Honeywell International Inc., Schneider Electric, Siemens, Trane Technologies plc, Carrier, ACUITY BRANDS LIGHTING, INC, and Lennox International Inc. are some of the key players in the HVAC control market.

The HVAC Control Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By System 
  • Temperature Control Systems
  • Ventilation Control Systems
  • Humidity Control Systems
  • Integrated Control Systems
• By Component 
  • Sensors
  • Controllers and Controlled Devices
• By Implementation Type 
  • New Construction
  • Retrofit
• By End-User 
  • Residential
  • Commercial
  • Industrial

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By System
                1.2.2.    By Component 
                1.2.3.    By Implementation Type
                1.2.4.    By End-User                
                1.2.5.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By System
                5.1.1.    Temperature Control Systems
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    Ventilation Control Systems
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Humidity Control Systems
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030  
                5.1.4.    Integrated Control Systems
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030       
        5.2.    By Component
                5.2.1.    Sensors
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Controllers and Controlled Devices
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030       
        5.3.    By Implementation Type   
                5.3.1.    New Construction
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Retrofit
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030        
        5.4.    By End-User
                5.4.1.    Residential
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.    Commercial
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.    Industrial
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030        
        
6.    North America Market Estimate and Forecast

        6.1.    By Industrial
        6.2.    By Component 
        6.3.    By Implementation Type
        6.4.    By End-User        
        6.5.    By Country – U.S., Canada, and Mexico
                6.5.1.    U.S. Market Estimate and Forecast
                6.5.2.    Canada Market Estimate and Forecast
                6.5.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Industrial
        7.2.    By Component 
        7.3.    By Implementation Type
        7.4.    By End-User        
        7.5.    By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
                7.5.1.    Germany Market Estimate and Forecast
                7.5.2.    France Market Estimate and Forecast
                7.5.3.    U.K. Market Estimate and Forecast
                7.5.4.    Italy Market Estimate and Forecast
                7.5.5.    Spain Market Estimate and Forecast
                7.5.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Industrial
        8.2.    By Component 
        8.3.    By Implementation Type
        8.4.    By End-User         
        8.5.    By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
                8.5.1.    China Market Estimate and Forecast
                8.5.2.    Japan Market Estimate and Forecast
                8.5.3.    India Market Estimate and Forecast
                8.5.4.    South Korea Market Estimate and Forecast
                8.5.5.    Singapore Market Estimate and Forecast
                8.5.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Industrial
        9.2.    By Component 
        9.3.    By Implementation Type
        9.4.    By End-User        
        9.5.    By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
                9.5.1.    Brazil Market Estimate and Forecast
                9.5.2.    Saudi Arabia Market Estimate and Forecast
                9.5.3.    South Africa Market Estimate and Forecast
                9.5.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    DAIKIN INDUSTRIES, Ltd.
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Johnson Controls
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Emerson Electric Co
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Honeywell International Inc.
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Schneider Electric
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Siemens
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Trane Technologies plc
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Carrier
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    ACUITY BRANDS LIGHTING, INC
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Lennox International Inc.
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments        

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global HVAC Control Market, By System, 2018 - 2023 (USD Billion)
Table 5 Global HVAC Control Market, By System, 2025 - 2030 (USD Billion)
Table 6 Global HVAC Control Market, By Component, 2018 - 2023 (USD Billion)
Table 7 Global HVAC Control Market, By Component, 2025 - 2030 (USD Billion)
Table 8 Global HVAC Control Market, By Implementation Type, 2018 - 2023 (USD Billion)
Table 9 Global HVAC Control Market, By Implementation Type, 2025 - 2030 (USD Billion)
Table 10 Global HVAC Control Market, By End-User, 2018 - 2023 (USD Billion)
Table 11 Global HVAC Control Market, By End-User, 2025 - 2030 (USD Billion)
Table 12 Global HVAC Control Market, By Region, 2018 - 2023 (USD Billion)
Table 13 Global HVAC Control Market, By Region, 2025 - 2030 (USD Billion)
Table 14 North America HVAC Control Market, By System, 2018 - 2023 (USD Billion)
Table 15 North America HVAC Control Market, By System, 2025 - 2030 (USD Billion)
Table 16 North America HVAC Control Market, By Component, 2018 - 2023 (USD Billion)
Table 17 North America HVAC Control Market, By Component, 2025 - 2030 (USD Billion)
Table 18 North America HVAC Control Market, By Implementation Type, 2018 - 2023 (USD Billion)
Table 19 North America HVAC Control Market, By Implementation Type, 2025 - 2030 (USD Billion)
Table 20 North America HVAC Control Market, By End-User, 2018 - 2023 (USD Billion)
Table 21 North America HVAC Control Market, By End-User, 2025 - 2030 (USD Billion)
Table 22 North America HVAC Control Market, By Region, 2018 - 2023 (USD Billion)
Table 23 North America HVAC Control Market, By Region, 2025 - 2030 (USD Billion)
Table 24 Europe HVAC Control Market, By System, 2018 - 2023 (USD Billion)
Table 25 Europe HVAC Control Market, By System, 2025 - 2030 (USD Billion)
Table 26 Europe HVAC Control Market, By Component, 2018 - 2023 (USD Billion)
Table 27 Europe HVAC Control Market, By Component, 2025 - 2030 (USD Billion)
Table 28 Europe HVAC Control Market, By Implementation Type, 2018 - 2023 (USD Billion)
Table 29 Europe HVAC Control Market, By Implementation Type, 2025 - 2030 (USD Billion)
Table 30 Europe HVAC Control Market, By End-User, 2018 - 2023 (USD Billion)
Table 31 Europe HVAC Control Market, By End-User, 2025 - 2030 (USD Billion)
Table 32 Europe HVAC Control Market, By Region, 2018 - 2023 (USD Billion)
Table 33 Europe HVAC Control Market, By Region, 2025 - 2030 (USD Billion)
Table 34 Asia-Pacific HVAC Control Market, By System, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific HVAC Control Market, By System, 2025 - 2030 (USD Billion)
Table 36 Asia-Pacific HVAC Control Market, By Component, 2018 - 2023 (USD Billion)
Table 37 Asia-Pacific HVAC Control Market, By Component, 2025 - 2030 (USD Billion)
Table 38 Asia-Pacific HVAC Control Market, By Implementation Type, 2018 - 2023 (USD Billion)
Table 39 Asia-Pacific HVAC Control Market, By Implementation Type, 2025 - 2030 (USD Billion)
Table 40 Asia-Pacific HVAC Control Market, By End-User, 2018 - 2023 (USD Billion)
Table 41 Asia-Pacific HVAC Control Market, By End-User, 2025 - 2030 (USD Billion)
Table 42 Asia-Pacific HVAC Control Market, By Region, 2018 - 2023 (USD Billion)
Table 43 Asia-Pacific HVAC Control Market, By Region, 2025 - 2030 (USD Billion)
Table 44  RoW HVAC Control Market, By System, 2018 - 2023 (USD Billion)
Table 45  RoW HVAC Control Market, By System, 2025 - 2030 (USD Billion)
Table 46  RoW HVAC Control Market, By Component, 2018 - 2023 (USD Billion)
Table 47  RoW HVAC Control Market, By Component, 2025 - 2030 (USD Billion)
Table 48  RoW HVAC Control Market, By Implementation Type, 2018 - 2023 (USD Billion)
Table 49  RoW HVAC Control Market, By Implementation Type, 2025 - 2030 (USD Billion)
Table 50  RoW HVAC Control Market, By End-User, 2018 - 2023 (USD Billion)
Table 51  RoW HVAC Control Market, By End-User, 2025 - 2030 (USD Billion)
Table 52  RoW HVAC Control Market, By Region, 2018 - 2023 (USD Billion)
Table 53  RoW HVAC Control Market, By Region, 2025 - 2030 (USD Billion)
Table 54 Snapshot – DAIKIN INDUSTRIES, Ltd.
Table 55 Snapshot – Johnson Controls
Table 56 Snapshot – Emerson Electric Co
Table 57 Snapshot – Honeywell International Inc.
Table 58 Snapshot – Schneider Electric
Table 59 Snapshot – Siemens
Table 60 Snapshot – Trane Technologies plc
Table 61 Snapshot – Carrier
Table 62 Snapshot – ACUITY BRANDS LIGHTING, INC
Table 63 Snapshot – Lennox International Inc.

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global HVAC Control Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global HVAC Control Market Highlight
Figure 12 Global HVAC Control Market, By System, 2018 - 2030 (USD Billion)
Figure 13 Global HVAC Control Market, By Component, 2018 - 2030 (USD Billion)
Figure 14 Global HVAC Control Market, By Implementation Type, 2018 - 2030 (USD Billion)
Figure 15 Global HVAC Control Market, By End-User, 2018 - 2030 (USD Billion)
Figure 16 Global HVAC Control Market, By Region, 2018 - 2030 (USD Billion)
Figure 17 North America HVAC Control Market Highlight
Figure 18 North America HVAC Control Market, By System, 2018 - 2030 (USD Billion)
Figure 19 North America HVAC Control Market, By Component, 2018 - 2030 (USD Billion)
Figure 20 North America HVAC Control Market, By Implementation Type, 2018 - 2030 (USD Billion)
Figure 21 North America HVAC Control Market, By End-User, 2018 - 2030 (USD Billion)
Figure 22 North America HVAC Control Market, By Region, 2018 - 2030 (USD Billion)
Figure 23 Europe HVAC Control Market Highlight
Figure 24 Europe HVAC Control Market, By System, 2018 - 2030 (USD Billion)
Figure 25 Europe HVAC Control Market, By Component, 2018 - 2030 (USD Billion)
Figure 26 Europe HVAC Control Market, By Implementation Type, 2018 - 2030 (USD Billion)
Figure 27 Europe HVAC Control Market, By End-User, 2018 - 2030 (USD Billion)
Figure 28 Europe HVAC Control Market, By Region, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific HVAC Control Market Highlight
Figure 30 Asia-Pacific HVAC Control Market, By System, 2018 - 2030 (USD Billion)
Figure 31 Asia-Pacific HVAC Control Market, By Component, 2018 - 2030 (USD Billion)
Figure 32 Asia-Pacific HVAC Control Market, By Implementation Type, 2018 - 2030 (USD Billion)
Figure 33 Asia-Pacific HVAC Control Market, By End-User, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific HVAC Control Market, By Region, 2018 - 2030 (USD Billion)
Figure 35 RoW HVAC Control Market Highlight
Figure 36 RoW HVAC Control Market, By System, 2018 - 2030 (USD Billion)
Figure 37 RoW HVAC Control Market, By Component, 2018 - 2030 (USD Billion)
Figure 38 RoW HVAC Control Market, By Implementation Type, 2018 - 2030 (USD Billion)
Figure 39 RoW HVAC Control Market, By End-User, 2018 - 2030 (USD Billion)
Figure 40 RoW HVAC Control Market, By Region, 2018 - 2030 (USD Billion)