Market Overview:
The global lightning rod market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about lightning protection systems and their benefits, and the growing demand for these systems from commercial and industrial sectors. The air-termination lightning protection system is expected to hold the largest share of the global lightning rod market in 2018. This can be attributed to its low installation cost as compared to other types of protection systems, easy installation, and low maintenance requirements. The meshed conductors lightning protection system is projected to grow at the highest CAGR during the forecast period owing to its ability protect large areas with a single system. In terms of application, towers are expected hold the largest share ofthe global lighting rod market in 2018 followed by factories and buildings respectively.
Product Definition:
A lightning rod is a metal pole that is attached to the roof of a building and connected to a grounding wire. The purpose of the lightning rod is to protect the building from being struck by lightning.
Air-Termination Lightning Protection System:
The Air-Termination lightning protection system is a device that is used to protect power lines from the adverse effects of high voltage electricity. It consists of an air terminal, which is connected to the line, and a protective cap or an electrode, which protects the air terminal from getting hit by lightning.
Meshed Conductors Lightning Protection System:
Meshed conductors lightning protection system is a new technology that provides reliable power to consumers during electrical storms. It works on the basic principle of “Grounded” or “Sealed” cable TV systems. The system uses high strength copper wire and a special alloy of aluminum, which acts as an excellent conductor for electricity.
Application Insights:
Towers was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for high-rise buildings coupled with increasing awareness about safety is anticipated to drive the product demand in this segment over the coming years.
The space shuttle launch pad application segment accounted for USD 1,000,000 worth of lightning protection systems in 2017 and is expected to witness significant growth owing to an increase in launches across various satellites programs undertaken by China, India and Russia among others countries are undertaking such projects as part of their space program which will eventually drive product demand from 2019. Increasing investments by companies including Siemens PLMT Ltd., ABB Ltd., Alstom Grid & Power Inc., General Electric Co., Schneider Electric SE among others are likely to propel industry expansion over the coming years further driving market growth on a global level.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period, owing to increasing construction activities and technological advancements in lightning protection systems. Moreover, presence of key players such as General Electric; Eaton; Siemens A/S; and Alstom has led to increased adoption of these products across North America.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 owing its rapid growth in economies such as China, India, Japan and South Korea. Increasing number of towers due to expansion of telecom network across these countries will drive demand for streamer emission lightning conductors which are used for direct connection between two points without using any other device (such as switchboard). This will propel industry growth over the next eight years.
Growth Factors:
- Increasing demand for lightning protection systems from the construction sector
- Growing awareness about the benefits of using lightning rods among consumers
- Rising number of natural disasters worldwide that lead to increased demand for lightning protection systems
- Technological advancements in the field of lightning protection systems that make them more efficient and reliable
- Growing popularity of smart homes and their need for effective lightning protection
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightning Rod Market Research Report
By Type
Air-Termination Lightning Protection System, Meshed Conductors Lightning Protection System, Catenary wire lightning conductor, Streamer emission lightning conductor, Others
By Application
Towers, Space Shuttle Launch Pad, Factories, Buildings
By Companies
Pentair, A.N. Wallis, Alltec, East Coast Lightning Equipment, Harger Lightning & Grounding, Kingsmill, Lightning Protection International, Metal Gems, OBO Bettermann, Robbins Lightning, Pentair
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Lightning Rod Market Report Segments:
The global Lightning Rod market is segmented on the basis of:
Types
Air-Termination Lightning Protection System, Meshed Conductors Lightning Protection System, Catenary wire lightning conductor, Streamer emission lightning conductor, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Towers, Space Shuttle Launch Pad, Factories, Buildings
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pentair
- A.N. Wallis
- Alltec
- East Coast Lightning Equipment
- Harger Lightning & Grounding
- Kingsmill
- Lightning Protection International
- Metal Gems
- OBO Bettermann
- Robbins Lightning
- Pentair
Highlights of The Lightning Rod Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air-Termination Lightning Protection System
- Meshed Conductors Lightning Protection System
- Catenary wire lightning conductor
- Streamer emission lightning conductor
- Others
- By Application:
- Towers
- Space Shuttle Launch Pad
- Factories
- Buildings
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lightning Rod Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lightning rod is a metal or wooden pole, typically mounted on a roof, that conducts electricity away from buildings.
Some of the major companies in the lightning rod market are Pentair, A.N. Wallis, Alltec, East Coast Lightning Equipment, Harger Lightning & Grounding, Kingsmill, Lightning Protection International, Metal Gems, OBO Bettermann, Robbins Lightning, Pentair.
The lightning rod market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lightning Rod Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lightning Rod Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lightning Rod Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lightning Rod Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lightning Rod Market Size & Forecast, 2018-2028
4.5.1 Lightning Rod Market Size and Y-o-Y Growth
4.5.2 Lightning Rod Market Absolute $ Opportunity
Chapter 5 Global Lightning Rod Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lightning Rod Market Size Forecast by Type
5.2.1 Air-Termination Lightning Protection System
5.2.2 Meshed Conductors Lightning Protection System
5.2.3 Catenary wire lightning conductor
5.2.4 Streamer emission lightning conductor
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lightning Rod Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lightning Rod Market Size Forecast by Applications
6.2.1 Towers
6.2.2 Space Shuttle Launch Pad
6.2.3 Factories
6.2.4 Buildings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lightning Rod Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lightning Rod Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lightning Rod Analysis and Forecast
9.1 Introduction
9.2 North America Lightning Rod Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lightning Rod Market Size Forecast by Type
9.6.1 Air-Termination Lightning Protection System
9.6.2 Meshed Conductors Lightning Protection System
9.6.3 Catenary wire lightning conductor
9.6.4 Streamer emission lightning conductor
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lightning Rod Market Size Forecast by Applications
9.10.1 Towers
9.10.2 Space Shuttle Launch Pad
9.10.3 Factories
9.10.4 Buildings
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lightning Rod Analysis and Forecast
10.1 Introduction
10.2 Europe Lightning Rod Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lightning Rod Market Size Forecast by Type
10.6.1 Air-Termination Lightning Protection System
10.6.2 Meshed Conductors Lightning Protection System
10.6.3 Catenary wire lightning conductor
10.6.4 Streamer emission lightning conductor
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lightning Rod Market Size Forecast by Applications
10.10.1 Towers
10.10.2 Space Shuttle Launch Pad
10.10.3 Factories
10.10.4 Buildings
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lightning Rod Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lightning Rod Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lightning Rod Market Size Forecast by Type
11.6.1 Air-Termination Lightning Protection System
11.6.2 Meshed Conductors Lightning Protection System
11.6.3 Catenary wire lightning conductor
11.6.4 Streamer emission lightning conductor
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lightning Rod Market Size Forecast by Applications
11.10.1 Towers
11.10.2 Space Shuttle Launch Pad
11.10.3 Factories
11.10.4 Buildings
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lightning Rod Analysis and Forecast
12.1 Introduction
12.2 Latin America Lightning Rod Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lightning Rod Market Size Forecast by Type
12.6.1 Air-Termination Lightning Protection System
12.6.2 Meshed Conductors Lightning Protection System
12.6.3 Catenary wire lightning conductor
12.6.4 Streamer emission lightning conductor
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lightning Rod Market Size Forecast by Applications
12.10.1 Towers
12.10.2 Space Shuttle Launch Pad
12.10.3 Factories
12.10.4 Buildings
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lightning Rod Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lightning Rod Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lightning Rod Market Size Forecast by Type
13.6.1 Air-Termination Lightning Protection System
13.6.2 Meshed Conductors Lightning Protection System
13.6.3 Catenary wire lightning conductor
13.6.4 Streamer emission lightning conductor
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lightning Rod Market Size Forecast by Applications
13.10.1 Towers
13.10.2 Space Shuttle Launch Pad
13.10.3 Factories
13.10.4 Buildings
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lightning Rod Market: Competitive Dashboard
14.2 Global Lightning Rod Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pentair
14.3.2 A.N. Wallis
14.3.3 Alltec
14.3.4 East Coast Lightning Equipment
14.3.5 Harger Lightning & Grounding
14.3.6 Kingsmill
14.3.7 Lightning Protection International
14.3.8 Metal Gems
14.3.9 OBO Bettermann
14.3.10 Robbins Lightning
14.3.11 Pentair
