Electronic Volume Correctors (EVC) Market to Reach US$ 338.2 Million with a CAGR of 3.1% during 2023-2029 | The Market Reports

Explore the projected growth of the Electronic Volume Correctors (EVC) Market, which is expected to reach US$ 338.2 million by 2029. With a CAGR of 3.1% during the period of 2023-2029, the market presents opportunities for key players like Honeywell, Elgas, Dresser Utility Solutions, and ITRON.

The Electronic Volume Correctors (EVC) Market is poised for growth, projected to reach US$ 338.2 million by 2029. With a compound annual growth rate (CAGR) of 3.1% during the period of 2023-2029, the market offers opportunities for key players like Honeywell, Elgas, Dresser Utility Solutions, and ITRON.

A gas volume corrector serves to do all the gas related calculations, summations and determines increments of gas volume. The measurement is done by a gas meter when operating in base conditions. As a result, Electronic Volume Correctors (EVC) are used widely in wholesale gas trades.

Electronic volume correctors play a crucial role in the accurate measurement of natural gas and other fluids. They ensure the precise correction of volume calculations based on factors such as pressure, temperature, and compressibility. With the growing demand for efficient measurement and billing systems in the energy sector, the market for electronic volume correctors is expected to expand.

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The market research report provides a comprehensive analysis of the Electronic Volume Correctors (EVC) Market, including market trends, drivers, challenges, and growth opportunities. It offers insights into market segmentation, regional analysis, and the competitive landscape. The report highlights key players, their market share, and strategies for growth.

Global electronic volume correctors (EVC) manufacturers are mainly located in North America, Europe and the Asia-Pacific region, the key manufacturers are Honeywell, Elgas, Dresser Utility Solutions, the first three manufacturers occupy about 60% of the global share. The global origins are mainly distributed in North America, Europe, China, etc, and Europe is the largest production area with about 54% of market share, followed by North America. In terms of product type, single channel electronic volume corrector is the largest segment with nearly 61% share, while in terms of downstream, industrial is the largest downstream segment with about 60% share, followed by commercial with about 33% share.

Factors driving market growth include the increasing adoption of natural gas for energy generation, advancements in automation and digitalization, and the need for accurate measurement and billing systems. Regulatory initiatives promoting energy efficiency and the integration of smart technologies in the energy sector are also contributing to market expansion.

The report examines various types of electronic volume correctors, including rotary meter correctors, turbine meter correctors, and ultrasonic meter correctors. It provides insights into their applications across industries such as oil and gas, utilities, and residential sectors.

As the need for precise measurement and billing solutions continues to grow, the Electronic Volume Correctors (EVC) Market presents significant opportunities for industry participants. The comprehensive market research report equips stakeholders with valuable insights to make informed decisions and stay ahead of the competition.

Report Scope

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Electronic Volume Correctors (EVC) market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.

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Segment by Type

  • Single-channel EVC
  • Double-channel EVC


Segment by Application

  • Residential
  • Commercial
  • Industrial


By Company

  • Honeywell
  • Elgas
  • Dresser Utility Solutions
  • ITRON (Dresser Utility Solutions)
  • RMG (Dalian Energas)
  • Pietro Fiorentini
  • PLUM
  • Tancy Instrument (Goldcard)
  • Cangnan Instrument
  • Others


The Electronic Volume Correctors (EVC) report covers below items:

Chapter 1: Product Basic Information (Definition, Type and Application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source


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