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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