Demand for Lightning Protection Systems Market | Current Trends, Issues, Challenges, Regional Outlook And Key Players

The purpose of a lightning protection system (LPS) is to provide a safe conduit for lightning energy from a lightning strike to reach the earth while also protecting the structure or building from high voltage currents caused by the hit. Lightning protection devices are now installed on towers, the launchpad for the space shuttle, factories, and buildings. Surge suppressors, copper air terminals, copper-coated ground rods, and copper wire make up the majority of the Lightning Protection System (LPS). The cable and air terminals are generally composed of copper, however, aluminum can also be used in their construction.

Because they allow current to get to the ground, the cable and ground rod are the most critical aspects of the lighting protection system. Lightning may conduct through conductors installed in the building, such as cables, phone lines, gas pipes, phone, electric lines, or water pipes, to reach the earth if there is no specified way. This is dangerous to both the building and the people inside.

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Lightning protection systems are divided into three categories: lightning rods, lightning rods with taut wire systems, and lighting conductors with mashed cage systems. A simple rod lightning protection system is the lightning rod type. Wires are strung above the building or structure to be protected in the lightning rod using taut wire system. This type of configuration is employed in a variety of constructions, including high-voltage overhead line protection, military purposes, and space stations. Many conductors are symmetrically fitted all around the structure in the lighting conductor with the meshed cage. In the case of highly exposed structures with sensitive and conductive installations, such as computer labs, it is set up.

Lightning Protection Systems Market: Dynamics

Increasing construction of high rise structures with highly advanced electrical systems is driving the market of lightning protection system. Without the lighting protection systems, these structures are vulnerable to lightning due to the presence of conductors. Also, increasing industrialization, urbanization and stringent safety regulations mandate for public service facilities also contribute towards the growth of lightning protection systems market. Furthermore, development in the field of telecommunication resulting in the formation of large number of telecommunication infrastructures, which need protection from lightning, is expected to boost the global market of lightning protection systems in the forecast period.

Lightning Protection Systems Market: Regional Outlook

North America holds a significant share in the global lightning protection systems market in terms of revenue. The lightning protection systems market in Asia-Pacific is expected to grow at a substantial rate over the forecast period. Growth in Asia-Pacific lightning protection systems market is mainly due to the rapid growth in the urbanization and the subsequent rising adoption of voltage sensitive home automation technologies, stringent building safety regulations and development of telecommunication infrastructure. Rest of the world market is estimated to account for a relatively small share of the global lightning protection systems market.

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Lightning Protection Systems Market: Market Participants

Some of the examples of the market participants in the global Lightning Protection Systems Market, identified across the value chain are:

  • ABB
  • A.N. Wallis & Co Ltd
  • Pentair Erico
  • Kumwell
  • Axis Electrical Components
  • Alltic corporation
  • Fatech Electronic CO., LTD.
  • Lightning Protection International PTY LTD
  • Gersan Elektrik Tic. ve San. A.?
  • Eaton Corporation
  • Independent Protection Company
  • Lightning Master Corporation
  • Raycap
  • Streamer Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Lightning Protection Systems Market: Segmentation

Segmentation of global lightning protection systems market can be doneon the basis of type as follows:

  • Lightning rod systems
  • Lightning  rod with taut wire systems
  • Lighting conductor with meshed cage systems

Segmentation of global lightning protection systems market can be doneon the basis of end use industry as follows:

  • Construction industry
  • Military
  • Space and research
  • Aviation industry
  • Telecommunication industries
  • Others

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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