Lightning Protection Products Market Size, Share, Growth, Trends and Forecasts 2021-2030

The “Lightning Protection Products Market Size, Share, Trends, and Growth Analysis Report By Product Type: (Air Terminals and Adaptors, Conductors, Fittings and Connectors, Grounding Equipment, Surge Protectors, Other); By End Use: (Building and Factories, Electric Power, Transportation, Oil and Gas, Others), by Region, and Segment Forecasts, 2021-2030” report has been added to Precedence Research’s offering.

The global lightning protection products market size is forecasted to reach from US$ 4.79 billion in 2021 to US$ 7.7 billion by 2030, growing at a CAGR of 6% from 2021 to 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The lightning protection products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

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The rapid surge in infrastructural development across the globe is a major factor that is driving the market growth. These developments include buildings, hotels, airports and chimneys. In order to protect these infrastructures from lightning the lightning protectors are installed. For instance, On 28th June 2021, Alltec Corporation announced its partnership with E&S Grounding Solutions, a company known for its expertise in “gold standard” grounding solutions. E&S will enable Alltec to solve customers more complex project needs.

Alltec can employ E&S’s world-class knowledge in grounding system design and analysis to provide customers with superior lightning protection, grounding, and grounding solutions. Customers will benefit from Alltec and E&S Grounding’s collaborative efforts, which will provide a far more comprehensive approach to severe grounding difficulties. This partnership will allow for the modification of existing products or the development of new ones in instances when standard solutions are ineffective. With this potential cooperation, many new and exciting things will be in the works.

Report Scope of the Lightning Protection Products Market

Report Highlights Details
Market Size USD 7.7 Billion by 2030
Growth CAGR of 6% From 2021 to 2030
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product Type, End Use
Regional Scope
  • North America
  • Europe
  • Asia Pacific
  • LAMEA

This study on the lightning protection products market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis.The report also provides an understanding of the SWOT Analysis (strengths, weaknesses, opportunities and threats), along with the trends and restraints in the landscape.

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.

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global lightning protection products market are listed as below:

Pentair, Harger, Alltec Corporation, AN Wallis, Fatech Electronic, NexTek, AXIS Electrical Components, K.M.L.Technology, MTL Instruments Group, Lightning Protection International, Kumwell, Lightning Master, ABB, Streamer, TSTLP, Independent Protection, Jishnu Control Systems, Fatech Electronic and Raycap.

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.

Segments Covered in the Report

By Product Type

  • Air Terminals and Adaptors
  • Conductors
  • Fittings and Connectors
  • Grounding Equipment
  • Surge Protectors
  • Others

By End Use

  • Building and Factories
  • Electric Power
  • Transportation
  • Oil and Gas
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

TABLE OF CONTENT

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.  COVID 19 Impact on Lightning Protection Product Market

5.1.  COVID-19 Landscape: Lightning Protection Product Industry Impact

5.2.  COVID 19 – Impact Assessment for the Industry

5.3.  COVID 19 Impact: Global Major Government Policy

5.4.  Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6.  Market Dynamics Analysis and Trends

6.1.  Market Dynamics

6.1.1.    Market Drivers

6.1.2.    Market Restraints

6.1.3.    Market Opportunities

6.2.  Porter’s Five Forces Analysis

6.2.1.    Bargaining power of suppliers

6.2.2.    Bargaining power of buyers

6.2.3.    Threat of substitute

6.2.4.    Threat of new entrants

6.2.5.    Degree of competition

Chapter 7.  Competitive Landscape

7.1.1.    Company Market Share/Positioning Analysis

7.1.2.    Key Strategies Adopted by Players

7.1.3.    Vendor Landscape

7.1.3.1.        List of Suppliers

7.1.3.2.        List of Buyers

Chapter 8.  Global Lightning Protection Product Market, By Product Type

8.1.  Lightning Protection Product Market, by Product Type, 2021-2030

8.1.1.    Air Terminals and Adaptors

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Conductors

8.1.2.1.        Market Revenue and Forecast (2019-2030)

8.1.3.    Fittings and Connectors

8.1.3.1.        Market Revenue and Forecast (2019-2030)

8.1.4.    Grounding Equipment

8.1.4.1.        Market Revenue and Forecast (2019-2030)

8.1.5.    Surge Protectors

8.1.5.1.        Market Revenue and Forecast (2019-2030)

8.1.6.    Others

8.1.6.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Lightning Protection Product Market, By End-Use

9.1.  Lightning Protection Product Market, by End-Use, 2021-2030

9.1.1.    Building and Factories

9.1.1.1.        Market Revenue and Forecast (2019-2030)

9.1.2.    Electric Power

9.1.2.1.        Market Revenue and Forecast (2019-2030)

9.1.3.    Transportation

9.1.3.1.        Market Revenue and Forecast (2019-2030)

9.1.4.    Oil and Gas

9.1.4.1.        Market Revenue and Forecast (2019-2030)

9.1.5.    Others

Chapter 10.      Global Lightning Protection Product Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product Type (2019-2030)

10.1.2.  Market Revenue and Forecast, by End-Use (2019-2030)

10.1.3.  U.S.

10.1.3.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.1.3.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.1.4.  Rest of North America

10.1.4.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.1.4.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Product Type (2019-2030)

10.2.2.  Market Revenue and Forecast, by End-Use (2019-2030)

10.2.3.  UK

10.2.3.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.2.3.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.2.4.  Germany

10.2.4.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.2.4.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.2.5.  France

10.2.5.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.2.5.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.2.6.  Rest of Europe

10.2.6.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.2.6.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Product Type (2019-2030)

10.3.2.  Market Revenue and Forecast, by End-Use (2019-2030)

10.3.3.  India

10.3.3.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.3.3.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.3.4.  China

10.3.4.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.3.4.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.3.5.  Japan

10.3.5.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.3.5.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.3.6.  Rest of APAC

10.3.6.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.3.6.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Product Type (2019-2030)

10.4.2.  Market Revenue and Forecast, by End-Use (2019-2030)

10.4.3.  GCC

10.4.3.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.4.3.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.4.4.  North Africa

10.4.4.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.4.4.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.4.5.  South Africa

10.4.5.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.4.5.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.4.6.  Rest of MEA

10.4.6.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.4.6.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Product Type (2019-2030)

10.5.2.  Market Revenue and Forecast, by End-Use (2019-2030)

10.5.3.  Brazil

10.5.3.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.5.3.2.      Market Revenue and Forecast, by End-Use (2019-2030)

10.5.4.  Rest of LATAM

10.5.4.1.      Market Revenue and Forecast, by Product Type (2019-2030)

10.5.4.2.      Market Revenue and Forecast, by End-Use (2019-2030)

Chapter 11.  Company Profiles

11.1.              Pentair

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Harger

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Alltec Corporation

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              AN Wallis

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Fatech Electronic

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              NexTek

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              AXIS Electrical Components

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              K.M.L.Technology

11.8.1.  Company Overview

11.8.2.  Product e Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Lightning Protection International

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Kumwell

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global lightning protection products market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for lightning protection products are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable. 

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