Lightening Protection Products Market: Global Industry Analysis and Forecast 2023 -2029

Global Lightening Protection Products Market is anticipated to reach US$ 7.63 Bn by 2029 from US$ 5.07 Bn in 2022 at a CAGR of 6% during a forecast period.

Lightening Protection Products Overview

The use of electronics products have increased globally but there are chances of failure of these electronics systems due to climatic change and lightning strike. The lightening protection system is used to protect these systems. Thus, the demand for lightening protection products is expected to fuel the market during the forecast period. Governments of different countries are making mandatory to use such lightening protection products especially in schools, hospitals, and other public buildings for safety.Lightening Protection Products MarketTo know about the Research Methodology :- Request Free Sample Report Also, there is a continuous demand of light protection products from 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, Telecommunications and wireless sectors, which are projected to boost the market of lightening protection market during forecast period. The report provides a detailed study of key market dynamics, market segmentation and regional analysis. The market study contains the detailed insights about how the Global Lightening Protection Products Market is anticipated to grow during the forecast period.

Lightening Protection Products Market Dynamics

As industries are more reliable on electronic systems for their functioning can cause damage from lightening and currents, which are protected by lightening protection products. Along with that government of developing and developed countries are also focusing to promote the products as they are cost effective and readily available, which in turn, is expected to grow the lightning protection products market globally during the forecast period. Emerging technologies in artificial intelligence (AI), robotics, and the Internet of Things (IoT) use the complex structures for their functionality and are likely to damage easily. These trends are key drivers for the growth of lightning protection products market during the forecast period. Restraint factors like rules and regulations set by every country, redesigning of the  according to the consumers can hinder the growth of lightening protection product market during the forecast period.

Lightening Protection Products Market Segmentation Analysis

Segmentation, by Product: For protecting pylons, chimneys, tanks, water towers, aerial masts, mostly adapters and air terminals are used. Where lightening protection products are used to protect building security, climate control, data storage and processing, lighting, manufacturing and processing equipment, door hardware and access systems, and healthcare systems from damage.

Segmentation, by Application:

The industrial sector is expected to hold maximum share of 6% during the forecast period. Industries nowadays are engaged in new innovations and trends, which require safety system for the machines to operate without any damage. Similarly, rise in buildings, hotels, chimneys, and airports of developing countries are expected to expand the market of lightening protection products market during the forecast period. On the other side commercial sector is expanding gradually, which includes tunnels, refineries, hospitals, and commercial towers. These creates the demand for the lightening protection products market during the forecast period.

Regional Analysis:

Lightening protection products market in U.K is gaining more importance due to use of new technology, trends and increase in R&D capabilities, which are designed to protect buildings from lightning strike, which further is expected to drive the growth of  market in that region. Developing countries of Asia pacific region are expected to witness the growth of  market due to increase in infrastructure and urbanization. China being the largest market for infrastructure development is projected to boost the market of lightening protection products during the forecast period. Similarly India, Japan, South Korea, and Australia are expected to create opportunities for the lightning protection products due to increase in investment in technologies like distribution grid automation, smart meters, and demand response systems.

Lightening Protection Products Market Scope: Inquire before buying

Lightening Protection Products Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.07 Bn.
Forecast Period 2023 to 2029 CAGR: 6% Market Size in 2029: US $ 7.63 Bn.
Segments Covered: by Product Air terminals & adopters Grounding Surge suppression Conductors Bases
by Application Industrial Residential Commercial
by End Use Building and Factories Electric Power Transportation Oil and Gas Others

Lightening Protection Products Market by Region:

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

Key Players are:

1.ABB 2.A.N. Wallis & Co. Ltd, Alltec 3.DEHN SE + Co KG 4.East Coast Lightning Equipment 5.Nvent 6.Lightning Protection International Pty Ltd. 7.Pentair 8.Alltec 9.Harger Lightening and Grounding 10.Kingsmill 11.Metal Gems 12.OBO Bettermann 13.Robbins Lightening 14.Lightening Master 15.AXIS Electrical Components Pvt. Ltd.

Frequently Asked questions

1. What is the market size of the Global Lightening Protection Products Market in 2022? Ans. The market size Global  Market in 2022 was US$ 5.07 Billion. 2. What are the different segments of the Global Lightening Protection Products Market? Ans. The Global Market  is divided into Product ,Application and  End Use. 3. What is the study period of this market? Ans. The Global Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Lightening Protection Products Market share? Ans. The Asia Pacific dominates the market share in the  market. 5. What  is the Forecast Period of Global Lightening Protection Products Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
1. Global Lightening Protection Products Market: Research Methodology 2. Global Lightening Protection Products Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Lightening Protection Products Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Lightening Protection Products Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Lightening Protection Products Market Segmentation 4.1 Global Lightening Protection Products Market, by Product (2022-2029) • Air terminals & adopters • Grounding • Surge suppression • Conductors • Bases 4.2 Global Lightening Protection Products Market, by Application (2022-2029) • Industrial • Residential • Commercial 4.3 Global Lightening Protection Products Market, by End Use (2022-2029) • Building and Factories • Electric Power • Transportation • Oil and Gas • Others 5. North America Lightening Protection Products Market(2022-2029) 5.1 North America Lightening Protection Products Market, by Product (2022-2029) • Air terminals & adopters • Grounding • Surge suppression • Conductors • Bases 5.2 North America Lightening Protection Products Market, by Application (2022-2029) • Industrial • Residential • Commercial 5.3 North America Lightening Protection Products Market, by End Use (2022-2029) • Building and Factories • Electric Power • Transportation • Oil and Gas • Others 5.4 North America Lightening Protection Products Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Lightening Protection Products Market (2022-2029) 6.1. European Lightening Protection Products Market, by Product (2022-2029) 6.2. European Lightening Protection Products Market, by Application (2022-2029) 6.3. European Lightening Protection Products Market, by End Use (2022-2029) 6.4. European Lightening Protection Products Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Lightening Protection Products Market (2022-2029) 7.1. Asia Pacific Lightening Protection Products Market, by Product (2022-2029) 7.2. Asia Pacific Lightening Protection Products Market, by Application (2022-2029) 7.3. Asia Pacific Lightening Protection Products Market, by End Use (2022-2029) 7.4. Asia Pacific Lightening Protection Products Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Lightening Protection Products Market (2022-2029) 8.1 Middle East and Africa Lightening Protection Products Market, by Product (2022-2029) 8.2. Middle East and Africa Lightening Protection Products Market, by Application (2022-2029) 8.3. Middle East and Africa Lightening Protection Products Market, by End Use (2022-2029) 8.4. Middle East and Africa Lightening Protection Products Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Lightening Protection Products Market (2022-2029) 9.1. South America Lightening Protection Products Market, by Product (2022-2029) 9.2. South America Lightening Protection Products Market, by Application (2022-2029) 9.3. South America Lightening Protection Products Market, by End Use (2022-2029) 9.4 South America Lightening Protection Products Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 ABB 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 A.N. Wallis & Co. Ltd, Alltec 10.3 DEHN SE + Co KG 10.4 East Coast Lightning Equipment 10.5 Nvent 10.6 Lightning Protection International Pty Ltd. 10.7 Pentair 10.8 Alltec 10.9 Harger Lightening and Grounding 10.10 Kingsmill 10.11 Metal Gems 10.12 OBO Bettermann 10.13 Robbins Lightening 10.14 Lightening Master 10.15 AXIS Electrical Components Pvt. Ltd.
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