Lightning Protection Systems Market Headed for Growth and Global Expansion by 2024

Lightning Protection Systems Market: Overview

The basic concept of installing a lightning protection system is to have a safe path for the energy of the lightning to reach the earth surface thus providing safety to the building structure from the high voltage currents. The various areas where the lightning protection systems are used include space shuttle launch pad, buildings, towers, and factories.

Lightning Protection Systems Market: Facts

The lightning protection systems have three main components namely air terminals, conductor cables, and ground rods. The vital components of the lightning protection system are the ground rods and the conductor cables as they are the ones that divert the current within the lightning safely. If a good grounding and cable coverage is provided along with full protection then the system will also be able to work in absence of the air terminals.

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Lightning Protection Systems Market: Segmentation

The global market for the lightning protection systems is fragmented into its type and the end-user industry. Based on the type, the global market is segregated into lightning rod without wire systems, lightning rod systems, and lighting conductor with meshed cage systems. Based on the end-user industry, the market is categorized into military, aviation industry, space and research, telecommunication industries, construction industry, and others.

Lightning Protection Systems Market: Growth Factors

The key factor that is driving the lightning protection systems is the growing construction of the tall infrastructures coupled with the highly developed electrical systems. These structures are highly exposed to the lightning as they have the presence of the conductors, thus the lightning protection systems are highly necessary. The factors that will contribute to the growth of the market are growing urbanization, industrialization, and the strict rules that are mandatory for the public services. Other factors that contribute to the growth of the market are the advancements that are made in the telecommunication sector, the increasing infrastructure for the telecommunication development. These factors will increase the demand for the lightning protection system in the coming years.

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Lightning Protection Systems Market: Regional Analysis

The region that is leading in the lightning protection systems market is the North America in terms of revenue. In the coming years, the region that will flourish in the lightning protection systems market is Asia Pacific region. This market growth in the region is attributed to the factors such as rapid urbanization, the stringent regulations that are imposed on the building safety, the increasing adoption of the technologies that are related to voltage sensitive home automation, and growth in the telecommunication infrastructure.

Lightning Protection Systems Market: Competitive Players

The key market players that are involved in the lightning protection systems include A.N. Wallis & Co. Ltd., Kumwell, Alltic Corporation, Lightning Protection International Pty Ltd., Eaton Corporation, Lightning Master Corporation, Raycap, ABB, Pentair Erico, Axis Electrical Components, Fatech Electronic Co., Ltd., Gersan Elektrik, Independent Protection Company, TSTLP, and Streamer Inc.

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Lightning Protection Systems Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.