Lightning Protection Products Market (Product: Air Terminals & Adopters, Grounding, Surge Suppression, Conductors, Bases, Cable Holders, Splicers, Fasteners, and Others; and Application: Residential, Commercial, and Industrial) - Global Industry Analysis, Share ,Growth ,Regional Outlook And Forecasts, 2021-2027

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

  • The global lightning protection products market has been segmented based on product, application, and region
  • 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.

Lightning Protection Products Market: Regional Analysis

  • Based on region, the global lightning protection products market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • 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.

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

  • Lightning Protection Products Market, by Product
    • Air Terminals & Adopters
    • Grounding
    • Surge Suppression
    • Conductors
    • Bases
    • Cable Holders
    • Splicers
    • Fasteners
    • Others
  • Lightning Protection Products Market, by Application
    • Residential
    • Commercial
    • Industrial

By Regional Outlook

North America

  • United States
  • Canada

Europe

  • Germany
  • United Kingdom
  • Italy
  • France
  • Rest of EU

Asia Pacific

  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC

Central & South America

  • Brazil
  • Argentina
  • Rest of Central & South America

Middle East and Africa

  • GCC
  • North Africa
  • South Africa

 

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the Lightning Protection Products market, and the current trends and future estimations to elucidate imminent investment pockets.
  • It presents a quantitative analysis of the market from 2021 to 2027 to enable stakeholders to capitalize on the prevailing  Lightning Protection Products market opportunities.
  • Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
  • Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the Lightning Protection Products market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2027);
  • 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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