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The global lightning protection products market size is predicted to hit around US$ 6 Bn by 2030, expanding at a Compound annual growth rate (CAGR) of 9.5% during the forecast period 2021 to 2030.

The global lightning protection products market growth witness by owing to increase in use of sensitive electronics for vital functions, including building security, climate control, data storage and processing, lighting, manufacturing and processing equipment, door hardware and access systems, and healthcare systems. At the same time, occurrence of more frequent extreme weather events associated with climate change is increasing the risk of failure of these electronic systems, which is propelling the use of lightning protection products.

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Major lightning protecting end users such as utilities, water treatment and nuclear power plants, warehouses, seaports, airports, military, broadcast industry, houses as well as residential complexes, and healthcare organizations are estimated to boost the demand for these products significantly. Commercial sectors, including offices, stadiums, and golf courses are other major end users.

State legislatures mandating the installation of lightning protection technology (LPT) systems in schools, hospitals, and other public buildings has considerably fueled the demand for lightning protection products. Telecommunications and wireless sectors can also boost the lightning protection products market, as their control towers and base stations need protection from lightning strikes.

Drivers

Currently, industries and the global economy are highly reliant on electronic infrastructure, which is highly vulnerable to damage from lightning and transient currents. Modern technologies in grounding, potential equalization, surge protective devices, structural lightning protection, and lightning warning systems can completely mitigate damage if deployed and integrated properly. These cost-effective systems are readily available and have the potential to save industries and the global economy billions of dollars annually. Therefore, the financial and social benefits associated with the use of lightning protection products are compelling governments to focus on the promotion of the use of lightning protection products at the targeted areas.

Challenges

Despite significant opportunities in the lightning protection products market, it is restrained by confusion and misinterpretation among customers on protection products. Every country has different standards and regulations, and such a disorder is hindering the lightning protection products market.

Vendors of lightning protection products primarily focus on the rationalization of products to accommodate different standards. Meanwhile, manufacturers have to retest and redesign their devices to comply with the requirements and specifications of the global industry standards.

Expansion of Lightning Protection Products Market

State legislatures mandating the installation of lightning protection technology (LPT) systems in schools, hospitals, and other public buildings have considerably fueled the demand for lightning protection products. Telecommunications and wireless sectors can also boost the lightning protection products market, as their control towers and base stations need protection from lightning strikes. The industrial segment is expected to expand at a rapid pace during the forecast period. The Industry 4.0 initiative is being applied to vehicles and electrical machinery in order to facilitate remote diagnostics, remote maintenance, and remote data capture. Such initiatives have increased the need for data centers, servers, and communication systems. Rise in use of electronic equipment is also fueling the demand for protection systems. This, in turn, is driving the market for lightning protection products in the industrial segment. The industrial lightning protection products market is estimated to reach 22.47 Bn, in terms of value, by 2030.

Report Highlights

• Based on product, the global lightning protection products market has been segregated into air terminals & adopters, grounding, surge suppression, conductors, bases, cable holders, splicers, fasteners, and other lightning protection products. Air terminals & adopters are usually used to protect small structures or zones such as pylons, chimneys, tanks, water towers, aerial masts, and more. The largest part of lightning current is conducted and dissipated through conductors and earthling systems closest to the point of impact of the lightning strike.
• Based on application, the global lightning protection products market has been classified into commercial, residential, and industrial. Each application is witnessing demand for these products based on social awareness and rules & regulations enacted by governments.
• Asia Pacific is projected to be a highly lucrative region of the global lightning protection products market during the forecast period. This is primarily due to an increase in investments in modernizing infrastructure and urbanization of populations, especially in developing economies such as China and India. China was, by far, the largest market in the world in terms of infrastructure development in 2015.
• Rise in investments in smart grid technologies and smart cities that include distribution grid automation, smart meters, and demand response systems in countries such as India, Japan, South Korea, and Australia would create opportunities for the lightning protection products market.

Key Players

Key players operating in the global lightning protection products market include ABB, A.N. Wallis & Co. Ltd, Alltec, DEHN SE + Co KG, East Coast Lightning Equipment, Nvent, and Lightning Protection International Pty Ltd.

Market Segmentation

By Product

• • Air Terminals & Adopters
  • Grounding
  • Surge Suppression
  • Conductors
  • Bases
  • Cable Holders
  • Splicers
  • Fasteners
  • Others

By Application

• • Residential
  • Commercial
  • Industrial

By Region

• • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Table of Contents

Chapter 1.   Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.   Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.   Executive Summary

3.1.  Market Snapshot

Chapter 4.   Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.   Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.   Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.   Global Lightning Protection Products Market, By Product

7.1.  Lightning Protection Products Market, by Product, 2021-2027

7.1.1.     Air Terminals & Adopters

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Grounding

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Surge Suppression

7.1.3.1.          Market Revenue and Forecast (2016-2027)

7.1.4.     Conductors

7.1.4.1.          Market Revenue and Forecast (2016-2027)

7.1.5.     Bases

7.1.5.1.          Market Revenue and Forecast (2016-2027)

7.1.6.     Cable Holders

7.1.6.1.          Market Revenue and Forecast (2016-2027)

7.1.7.     Splicers

7.1.7.1.          Market Revenue and Forecast (2016-2027)

7.1.8.     Fasteners

7.1.8.1.          Market Revenue and Forecast (2016-2027)

7.1.9.     Others

7.1.9.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.   Global Lightning Protection Products Market, By Application

8.1.  Lightning Protection Products Market, by Application, 2021-2027

8.1.1.     Residential

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Commercial

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Industrial

8.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.   Global Lightning Protection Products Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.     Market Revenue and Forecast, by Product (2016-2027)

9.1.2.     Market Revenue and Forecast, by Application (2016-2027)

9.1.3.     U.S.

9.1.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.1.3.2.          Market Revenue and Forecast, by Application (2016-2027)

9.1.4.     Rest of North America

9.1.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.1.4.2.          Market Revenue and Forecast, by Application (2016-2027)

9.2.  Europe

9.2.1.     Market Revenue and Forecast, by Product (2016-2027)

9.2.2.     Market Revenue and Forecast, by Application (2016-2027)

9.2.3.     UK

9.2.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.3.2.          Market Revenue and Forecast, by Application (2016-2027)

9.2.4.     Germany

9.2.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.4.2.          Market Revenue and Forecast, by Application (2016-2027)

9.2.5.     France

9.2.5.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.5.2.          Market Revenue and Forecast, by Application (2016-2027)

9.2.6.     Rest of Europe

9.2.6.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.6.2.          Market Revenue and Forecast, by Application (2016-2027)

9.3.  APAC

9.3.1.     Market Revenue and Forecast, by Product (2016-2027)

9.3.2.     Market Revenue and Forecast, by Application (2016-2027)

9.3.3.     India

9.3.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.3.2.          Market Revenue and Forecast, by Application (2016-2027)

9.3.4.     China

9.3.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.4.2.          Market Revenue and Forecast, by Application (2016-2027)

9.3.5.     Japan

9.3.5.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.5.2.          Market Revenue and Forecast, by Application (2016-2027)

9.3.6.     Rest of APAC

9.3.6.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.6.2.          Market Revenue and Forecast, by Application (2016-2027)

9.4.  MEA

9.4.1.     Market Revenue and Forecast, by Product (2016-2027)

9.4.2.     Market Revenue and Forecast, by Application (2016-2027)

9.4.3.     GCC

9.4.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.3.2.          Market Revenue and Forecast, by Application (2016-2027)

9.4.4.     North Africa

9.4.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.4.2.          Market Revenue and Forecast, by Application (2016-2027)

9.4.5.     South Africa

9.4.5.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.5.2.          Market Revenue and Forecast, by Application (2016-2027)

9.4.6.     Rest of MEA

9.4.6.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.6.2.          Market Revenue and Forecast, by Application (2016-2027)

9.5.  Latin America

9.5.1.     Market Revenue and Forecast, by Product (2016-2027)

9.5.2.     Market Revenue and Forecast, by Application (2016-2027)

9.5.3.     Brazil

9.5.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.5.3.2.          Market Revenue and Forecast, by Application (2016-2027)

9.5.4.     Rest of LATAM

9.5.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.5.4.2.          Market Revenue and Forecast, by Application (2016-2027)

Chapter 10.  Company Profiles

10.1.                 ABB, A.N. Wallis & Co. Ltd

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.                 Alltec

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.                 DEHN SE + Co KG

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.                 East Coast Lightning Equipment

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.                 Nvent

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.                 Lightning Protection International Pty Ltd.

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.                 Primary Research

11.2.                 Secondary Research

11.3.                 Assumptions

Chapter 12.  Appendix

12.1.                 About Us

12.2.                 Glossary of Terms

Research Methodology

The research methodology adopted by analysts for compiling the global lightning protection products market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global lightning protection products market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies

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