The global Lightning Protection Products market gathered revenue around USD 5.3 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10% during the prediction period 2021 to 2027. This can be attributed to an increase in use of sensitive electronics for vital functions, including building security, climate control, data storage and processing, lighting, manufacturing & processing equipment, door hardware & 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, and growing awareness among the public to equip lightning protection products to protect their digital assets are propelling the market for lightning protection products.
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.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Lightning Protection Products market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Lightning Protection Products market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offerspresent short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Lightning Protection Products market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplish sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Lightning Protection Products Market Segmentation
Lightning Protection Products Market: Regional Analysis
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Lightning Protection Products Market are:
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.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects includingproduct type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2030 and covers subsequent region in its scope:
Lightning Protection Products Market: Segmentation
North America
Europe
Asia Pacific
Central & South America
Middle East and Africa
Key Benefits For Stakeholders
The study objectives of this report are: