Global Lightning Protection Systems Market Assessment and Key Insights Analyzed Till 2027

Lightning protection system (LPS) is installed to provide a safe path for lightning energy from a lightning strike to reach earth and protect the structure or building from high voltage currents from the lighting strike. Today, lightning protection systems are in use on towers, space shuttle launch pad, factories and buildings. Lightning Protection System or LPS mainly consists of four parts, which are surge suppressors, copper air terminals, copper clad ground rods and copper cable.

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The cable and air terminals used are commonly made of copper, but aluminium can also be used for its manufacture. The cable and the ground rod are the most important parts of the lighting protection system as they allow the current to pass to the ground. Without a designated path, lightning may conduct through conductors installed in the building, which include cables, phone lines, gas pipes, phone, electric lines or water pipes to reach the ground. This is hazardous to the building as well as living beings.

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.

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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By Market Segmentation

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

  • Lightning rod systems
  • Lightning  rod withtaut 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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By 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
  • TSTLP
  • Raycap
  • Streamer Inc.

 

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