Global Lightning Protection System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Lightning Protection System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global lightning protection system market report has been segmented on the basis of product type, battery type, end-user, and region.
Global Lightning Protection System Market: Overview
The function of a lightning protection system is to protect structures from fire or mechanical destruction, and security. It consists of four parts i.e. surge suppressors, copper air terminals, copper clad ground rods, and copper cable. Light protection systems are majorly used in towers, factories, space shuttle launch pad, and buildings constructions.
Global Lightning Protection System Market: Dynamics
The key factors that are expected to drive growth of the global lightning protection systems market are growing concern regarding damage to building materials & appliances, increasing preference for smart homes, and growing number of lighting protection products worldwide. Moreover, growing construction activities coupled with the highly developed electrical systems are some of the other factors anticipated to boost the demand for lightning protection products in the upcoming period. In addition to this, growing urbanization, industrialization, and stringent rules and regulations for public safety also expected to increase demand for the lightning protection system and drives growth for the target market. Other factor such as advancements in the telecommunication sector pushing the target market towards growth.
Global Lightning Protection System Market: Segment Analysis
Global market is segmented on the basis of product type, end-users, and geography. By product type, the market is segmented into lightning rod systems, lightning rod with taut wire systems, and lighting conductor with meshed cage systems. The lightning rod type is a simple rod lightning protection system and expected to hold significant share in the market over the forecast period.
On the basis of end-user, the target market is segmented into commercial, residential, and industrial. Strong demand from commercial segment which includes office buildings, educational institutions, and shopping malls, referred as one of the primary growth factor of the target market.
Global Lightning Protection System Market: Regional Analysis
Geographically, Asia Pacific accounted for major revenue share and similar trend is expected to continue during the forecast period. Rapid infrastructure building activities undertaken in countries such as china and India, expected to contribute for growth of the target market. Further, urbanization along with rising adoption of voltage sensitive home automation technologies are some of the factors anticipated to influence the demand for lightning protection systems positively. North America accounts for significant share in the global market in terms of revenue and is expected to maintain its growth rate over the forecast period. Increasing demand from telecom industry, educational institutions, commercial office spaces, etc. anticipated to act as a major revenue contributor to the market. The Europe market accounts for moderate revenue share in the global market and is expected to witness considerable growth over the next 10 years. Moreover, the market in Middle East & Africa are also expected to register steady growth rate over the forecast period.
Safety standards defined by The National Fire Protection Association (NFPA), UL LLC – global safety consulting and certification company, and BS EN 62305 (IEC 62305) have set the requirements for lightning protection systems to use quality products, and installations standards.
Segmentation by Product Type:
- Lightning Rod Systems
- Lightning Rod with Taut Wire Systems
- Lighting Conductor with Meshed Cage Systems
Segmentation by End-user:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- N. Wallis & Co Ltd
- Pentair plc. (Pentair Erico)
- Axis Electrical Components
- DEHN + SÖHNE GmbH + Co.KG
- Lightning Protection International PTY LTD
- TS Lightning Protection Co., Ltd
- Streamer Inc.
- Eaton Corporation
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