Global Electronic Volume Correctors (EVC) Market Research Report 2022
Market Analysis and Insights: Global Electronic Volume Correctors (EVC) Market
Due to the COVID-19 pandemic, the global Electronic Volume Correctors (EVC) market size is estimated to be worth US$ 269.78 million in 2022 and is forecast to a readjusted size of US$ 324.82 million by 2028 with a CAGR of 3.14% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Single-channel EVC accounting for 60.67% of the Electronic Volume Correctors (EVC) global market in 2021, is projected to value US$ 183.65 million by 2028, growing at a revised 2.53% CAGR from 2022 to 2028. While Residential segment is altered to a 2.15% CAGR throughout this forecast period.
North America Electronic Volume Correctors (EVC) market size was US$ 91.03 million in 2021, while Europe was US$ 137.64 million. The proportion of the North America was 34.00% in 2021, while Europe’s percentage was 51.42%, and it is predicted that Europe market share will reach 53.15% in 2028, trailing a CAGR of 3.29% through the analysis period. As for the Asia, the notable markets are China, CAGR is 4.48% respectively for the next 6-year period.
The global major manufacturers of Electronic Volume Correctors (EVC) include Honeywell, Elgas, Dresser Utility Solutions, ITRON (Dresser Utility Solutions), RMG Messtechnik, Pietro Fiorentini, PLUM, Tancy Instrument (Goldcard), Cangnan Instrument, Shanghai Fiorentini, Wigersma & Sikkema, CHINA-HTDL, RMFTEK, vemm tec Messtechnik GmbH, Galvanic Applied Sciences, SIS, Winelan, Turbulentnost-Don, etc. In terms of revenue, the global three largest players hold a 55.01% market share of Electronic Volume Correctors (EVC) in 2021.
Global Electronic Volume Correctors (EVC) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Electronic Volume Correctors (EVC) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. By Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
Honeywell
Elgas
Dresser Utility Solutions
ITRON (Dresser Utility Solutions)
RMG Messtechnik
Pietro Fiorentini
PLUM
Tancy Instrument (Goldcard)
Cangnan Instrument
Shanghai Fiorentini
Wigersma & Sikkema
CHINA-HTDL
RMFTEK
vemm tec Messtechnik GmbH
Galvanic Applied Sciences
SIS
Winelan
Turbulentnost-Don
Segment by Type
Single-channel EVC
Double-channel EVC
Segment by Application
Residential
Commercial
Industrial
Production by Region
North America
Europe
China
Consumption by Region
North America
USA
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Other
Europe
Germany
France
UK
Russia
Italy
Other
Latin America
Brazil
Mexico
Argentina
Colombia
Other
Middle East & Africa
Saudi Arabia
UAE
Turkey
Other
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