Electric Food Steamer Market Size, Trends and Insights By Product (Pressureless Electric Food Steamer, Commercial Pressure Electric Food Steamer), By Application (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- S. BLODGETT
- Cleveland Range
- Southbend
- AccuTemp Products
- Others
Reports Description
The rising availability of electric food steamers on online platforms boosts the market’s growth.
According to Custom Market Insights (CMI), The Global Electric Food Steamer Market market was estimated at around USD 3 billion in 2021, and is expected to reach USD 3.4 billion in 2022 and is projected to witness a CAGR of 4% during 2022-2030, to reach around USD 4.2 billion by 2030. The report examines the Electric Food Steamermarket’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Electric Food Steamer Market.
Electric Food Steamer Market: Overview
A piece of kitchen equipment called an electric food steamer is used for cooking or preparing different kinds of food. It consists of a sizable cooking pot made of metal, aluminum, plastic, or stainless steel on top of an electric heating element that emits steam for a predetermined amount of time to seal the food’s natural juices while preserving its original flavor.
Electric Food Steamer Market: COVID–19 Impact Analysis
The COVID-19 pandemic is predicted to harm the worldwide Electric Food Steamer market. Commercial Pressureless Electric Food Steamers, which in 2021 accounted for% of the global market for Commercial Electric Food Steamers, is anticipated to reach a value of USD million by 2028, growing at a revised% CAGR during the post-COVID-19 period, fully taking into account the economic change brought on by this health crisis. While restaurants accounted for over a percent of the market by application in 2021 and a% a CAGR over the projected period, they were the dominant segment.
Electric Food Steamer Market: Growth Drivers
Growth in the e-commerce industry
More than 50% of the world’s population now uses the internet, which has increased e-commerce and online sales platforms globally. On online marketplaces like Walmart and Amazon, as well as business-owned websites, companies are selling technologically advanced electric food steamers, such as electric food steamers with food dehydration technology.
Additionally, consumers are drawn to the numerous deals, specials, discounts, and price points offered online. Electric food steamers with advanced features, including an LCD control screen with start/stop, pause, and reheat buttons, as well as pre-programmed meal settings to make cooking simple, have seen an increase in sales.
Benefits offered by electric food steamer
There are various health-related advantages offered by electric food steamers, including:
- Vegetables can preserve their color, texture, flavor, and nutritional value by being steamed.
- After cooking, vegetables are less likely to break apart (as long as you don’t overcook them).
- More than one type of vegetable can be cooked at once in a multi-tiered steamer
- Vegetables that have been cooked don’t need to be strained.
Electric Food Steamer Market: Segmentation Analysis
The Electric Food Steamer market is segmented into type and application in our research scope. Based on type, the electric food steamer market is bifurcated into pressure electric food steamers and pressureless electric food steamers. Based on application, the market is categorized into residential and commercial. The commercial segment is expected to maintain its dominance throughout the anticipated period of 2022-2030.
The extensive use of electric food steamers in small family restaurants and hotels for various cooking tasks is due to their powerful electric appliances’ ability to ensure even steam distribution from top to bottom. This significantly reduces the amount of time needed to prepare food while using relatively little electricity.
The steamers also feature different cooking options and two to three steaming pots, allowing for the simultaneous streaming of various foods, including dim sum, vegetables, fish, and eggs. Electric food steamers are becoming more and more popular in both the commercial and household markets due to reduced fuel usage for small eateries like cafes and restaurants and quick cooking with the convenience of a compact design.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 3 Billion |
| Projected Market Size in 2030 | USD 4.2 Billion |
| CAGR Growth Rate | 4% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | G.S. BLODGETT, Cleveland Range, Southbend, AccuTemp Products, Vulcan, EmberGlo, Antunes, SALVIS, Solaris, Hackman, Crown Verity, Unified Brands, Hobart, Rational AG, ITW Food Equipment Group LLC, Nemco Food Equipment, Middlely, Cleveland Range, Chigo, Unified Brands Inc., A. J. Antunes and Co., GIORIK SPA, AccuTemp Products Inc, Konka, Lecon, and Others |
| Key Segment | By Product, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Electric Food Steamer market is estimated to grow annually at a CAGR of around 4% over the forecast period (2022-2030).
- In terms of revenue, the Electric Food Steamer market was valued at around USD 3 billion in 2021 and is projected to reach USD 4.2 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The Electric Food Steamer market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
- The study includes data on the major market drivers, challenges, opportunities, and their effects.
- The study elaborates on the SWOT analysis and Porter’s Five Forces model.
- The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.
Recent Development
- May 2022: A multipurpose, automatic pressure cooker is introduced by Mr. Butler. The new product performs various functions, including a pressure cooker, steamer, cake maker, food warmer, yogurt maker, and more.
- April 2022: The Mijia Cooking Robot is now available for pre-order in China from Xiaomi. The smart device can be heated to a maximum temperature of 180 °C (or around 356 °F) and has 35 different functions. The pot has a capacity of 2.2 L and can cleverly cook as little as 1 g (or approximately 0.04 oz) of food. A built-in display can also display one of more than 200 recipes and instructions.
Regional Landscape
In 2021, North America accounted for a sizable portion of the global market for electric food steamers. Due to the increase in technologically advanced products, strong manufacturing base, adoption of quick and easy cooking methods, and preference by young people due to busy schedules in nations like the US, Canada, Mexico, Germany, France, etc., the market in North America and Europe is expected to grow at a rapid rate during the forecast period, which is expected to drive up sales of electric food steamers shortly.
Competitive Landscape
The leading manufacturers implement a variety of strategies, including acquisitions and mergers. The leading players also employ new product launches and focus on ongoing technological breakthroughs in their strategy. By investing in R&D, the businesses are also attempting to hold the market share.
Our report offers quantitative and qualitative insights into the Electric Food Steamer market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.
Key Players:
- S. BLODGETT
- Cleveland Range
- Southbend
- AccuTemp Products
- Vulcan
- EmberGlo
- Antunes
- SALVIS
- Solaris
- Hackman
- Crown Verity
- Unified Brands
- Hobart
- Rational AG
- ITW Food Equipment Group LLC
- Nemco Food Equipment
- Middlely
- Cleveland Range
- Chigo
- Unified Brands Inc.
- J. Antunes and Co.
- GIORIK SPA
- AccuTemp Products Inc
- Konka
- Lecon
The global Electric Food Steamer market is segmented as follows:
By Product
- Pressureless Electric Food Steamer
- Commercial Pressure Electric Food Steamer
By Application
- Residential
- Commercial
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Electric Food Steamer Market, (2022 – 2030) (USD Billion)
- 2.2 Global Electric Food Steamer Market : snapshot
- Chapter 3. Global Electric Food Steamer Market – Industry Analysis
- 3.1 Electric Food Steamer Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growth In The E-Commerce Industry
- 3.2.2 Benefits Offered By Electric Food Steamer
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Electric Food Steamer Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electric Food Steamer Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electric Food Steamer Market – Product Analysis
- 5.1 Global Electric Food Steamer Market overview: By Product
- 5.1.1 Global Electric Food Steamer Market share, By Product, 2021 and 2030
- 5.2 Pressureless Electric Food Steamer
- 5.2.1 Global Electric Food Steamer Market by Pressureless Electric Food Steamer, 2022 – 2030 (USD Billion)
- 5.3 Commercial Pressure Electric Food Steamer
- 5.3.1 Global Electric Food Steamer Market by Commercial Pressure Electric Food Steamer, 2022 – 2030 (USD Billion)
- 5.1 Global Electric Food Steamer Market overview: By Product
- Chapter 6. Global Electric Food Steamer Market – Application Analysis
- 6.1 Global Electric Food Steamer Market overview: By Application
- 6.1.1 Global Electric Food Steamer Market share, By Application, 2021 and 2030
- 6.2 Residential
- 6.2.1 Global Electric Food Steamer Market by Residential, 2022 – 2030 (USD Billion)
- 6.3 Commercial
- 6.3.1 Global Electric Food Steamer Market by Commercial, 2022 – 2030 (USD Billion)
- 6.1 Global Electric Food Steamer Market overview: By Application
- Chapter 7. Electric Food Steamer Market – Regional Analysis
- 7.1 Global Electric Food Steamer Market Regional Overview
- 7.2 Global Electric Food Steamer Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Electric Food Steamer Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.4 North America Electric Food Steamer Market, by Product, 2022 – 2030
- 7.4.1 North America Electric Food Steamer Market, by Product, 2022 – 2030 (USD Billion)
- 7.5 North America Electric Food Steamer Market, by Application, 2022 – 2030
- 7.5.1 North America Electric Food Steamer Market, by Application, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Electric Food Steamer Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Electric Food Steamer Market, by Product, 2022 – 2030
- 7.7.1 Europe Electric Food Steamer Market, by Product, 2022 – 2030 (USD Billion)
- 7.8 Europe Electric Food Steamer Market, by Application, 2022 – 2030
- 7.8.1 Europe Electric Food Steamer Market, by Application, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Electric Food Steamer Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Electric Food Steamer Market, by Product, 2022 – 2030
- 7.10.1 Asia Pacific Electric Food Steamer Market, by Product, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Electric Food Steamer Market, by Application, 2022 – 2030
- 7.11.1 Asia Pacific Electric Food Steamer Market, by Application, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Electric Food Steamer Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Electric Food Steamer Market, by Product, 2022 – 2030
- 7.13.1 Latin America Electric Food Steamer Market, by Product, 2022 – 2030 (USD Billion)
- 7.14 Latin America Electric Food Steamer Market, by Application, 2022 – 2030
- 7.14.1 Latin America Electric Food Steamer Market, by Application, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Electric Food Steamer Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Electric Food Steamer Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Electric Food Steamer Market, by Product, 2022 – 2030
- 7.16.1 The Middle-East and Africa Electric Food Steamer Market, by Product, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Electric Food Steamer Market, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa Electric Food Steamer Market, by Application, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 G.S. BLODGETT
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Cleveland Range
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Southbend
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 AccuTemp Products
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Vulcan
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 EmberGlo
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Antunes
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 SALVIS
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Solaris
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Hackman
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Crown Verity
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Unified Brands
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Hobart
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Rational AG
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 ITW Food Equipment Group LLC
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Nemco Food Equipment
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Middlely
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Cleveland Range
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Chigo
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Unified Brands Inc.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 A. J. Antunes and Co.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.22 GIORIK SPA
- 8.22.1 Overview
- 8.22.2 Financials
- 8.22.3 Product Portfolio
- 8.22.4 Business Strategy
- 8.22.5 Recent Developments
- 8.23 AccuTemp Products Inc
- 8.23.1 Overview
- 8.23.2 Financials
- 8.23.3 Product Portfolio
- 8.23.4 Business Strategy
- 8.23.5 Recent Developments
- 8.24 Konka
- 8.24.1 Overview
- 8.24.2 Financials
- 8.24.3 Product Portfolio
- 8.24.4 Business Strategy
- 8.24.5 Recent Developments
- 8.25 Lecon
- 8.25.1 Overview
- 8.25.2 Financials
- 8.25.3 Product Portfolio
- 8.25.4 Business Strategy
- 8.25.5 Recent Developments
- 8.1 G.S. BLODGETT
List Of Figures
Figures No 1 to 18
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Key Players:
- S. BLODGETT
- Cleveland Range
- Southbend
- AccuTemp Products
- Vulcan
- EmberGlo
- Antunes
- SALVIS
- Solaris
- Hackman
- Crown Verity
- Unified Brands
- Hobart
- Rational AG
- ITW Food Equipment Group LLC
- Nemco Food Equipment
- Middlely
- Cleveland Range
- Chigo
- Unified Brands Inc.
- J. Antunes and Co.
- GIORIK SPA
- AccuTemp Products Inc
- Konka
- Lecon
- Others
FAQs
“North America” region will lead the global Electric Food Steamer market during the forecast period 2022 to 2030.
The key factors driving the market are Growth In The E-Commerce Industry, Benefits Offered By Electric Food Steamer.
The key players operating in the Electric Food Steamer market are G.S. BLODGETT, Cleveland Range, Southbend, AccuTemp Products, Vulcan, EmberGlo, Antunes, SALVIS, Solaris, Hackman, Crown Verity, Unified Brands, Hobart, Rational AG, ITW Food Equipment Group LLC, Nemco Food Equipment, Middlely, Cleveland Range, Chigo, Unified Brands Inc., A. J. Antunes and Co., GIORIK SPA, AccuTemp Products Inc, Konka, Lecon.
The global Electric Food Steamer market is expanding growth with a CAGR of approximately 4% during the forecast period (2022 to 2030).
The global Electric Food Steamer market size was valued at USD 3 Billion in 2021 and it is projected to reach around USD 4.2 Billion by 2030.