Market Overview:
The global lightning arrester 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 demand for lightning arresters in transmission lines, substations, and distribution lines across the globe. In addition, the growing awareness about safety and security among consumers is also contributing to the growth of this market. The global lightning arrester market by type is segmented into below 35 KV, 35-110 KV, and above 110 KV segments. The below 35 KV segment is projected to grow at a CAGR of 5% from 2018 to 2030 due to its low installation cost and easy maintenance requirements.
Product Definition:
A lightning arrester is a device used to protect electrical equipment from damage caused by lightning strikes. The importance of a lightning arrester is that it can prevent fires and power outages that can be caused by a lightning strike.
Below 35 KV:
Below 35 KV is the lower range of KV which means it's the lowest possible electric voltage that can be safely employed in a power line circuit. The main function of below 35 KV is to protect electrical equipment from high voltage power lines. It also provides insulation resistance and prevents arcing between conductors, thus avoiding fire hazards and related problems.
The global lightning arrester market size was valued at USD 1,849 million in 2016.
35-110 KV:
The 35-110 KV is a type of electric arrester used in lightning arresters. It has two metal plates and an insulating layer between them. The primary circuit consists of the power source, such as a battery, which may be connected to any equipment or machinery that requires electrical energy for operation. The secondary circuit is made up of one or more devices that convert the low voltage electricity into high voltage electricity required by the equipment/machinery.
Application Insights:
The transmission line application segment accounted for the largest revenue share of over 40% in 2017. The growing demand for high-quality LLA products that are capable of withstanding extreme voltage conditions and heat is expected to drive the global market growth over the forecast period. Transmission lines are widely used in power generation, oil & gas, industrial applications as well as across various sectors such as healthcare, data centers and IT parks among others.
Substation is projected to be one of the fastest-growing segments owing to increasing electricity demand across end-use industries worldwide coupled with a rise in number of subsea electrical cables being laid at a rapid pace. Substation installations require less maintenance and offer higher insulation resistance than distribution lines which results in lower installation costs per unit length compared to distribution line installations globally. These factors will drive product demand from substations segment during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of major players, technological advancements, and high demand for electricity. Moreover, increasing investments in grid modernization are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for electricity from developing economies such as China and India. In addition, growing industrialization and urbanization are likely to fuel industry expansion over this period.
Growth Factors:
- Increasing demand for lightning protection systems from the construction sector
- Growing awareness about the benefits of using lightning arresters among end-users
- Favorable government regulations and standards pertaining to lightning protection systems
- Rising investments in electrical infrastructure across developing countries
- Technological advancements in lightning protection systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightning Arrester Market Research Report
By Type
Below 35 KV, 35-110 KV, Above 110 KV
By Application
Transmission Line, Substation, Distribution Line, Total
By Companies
ABB (Thomas & Betts), SIEMENS, Hubbell, Cooper, TOSHIBA, MEIDEN (TRIDELTA), Streamer, Lamco, Shreem, Ensto, GE Grid, Jingguan, China XD, Fushun Electric Porcelain, Hengda ZJ, PG Toshiba (Langfang) Arrester, FVA Electric Apparatus, Silver Star, Yikun Electric
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Lightning Arrester Market Report Segments:
The global Lightning Arrester market is segmented on the basis of:
Types
Below 35 KV, 35-110 KV, Above 110 KV
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
Transmission Line, Substation, Distribution Line, Total
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:
- ABB (Thomas & Betts)
- SIEMENS
- Hubbell
- Cooper
- TOSHIBA
- MEIDEN (TRIDELTA)
- Streamer
- Lamco
- Shreem
- Ensto
- GE Grid
- Jingguan
- China XD
- Fushun Electric Porcelain
- Hengda ZJ
- PG Toshiba (Langfang) Arrester
- FVA Electric Apparatus
- Silver Star
- Yikun Electric
Highlights of The Lightning Arrester 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:
- Below 35 KV
- 35-110 KV
- Above 110 KV
- By Application:
- Transmission Line
- Substation
- Distribution Line
- Total
- 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 Arrester 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.
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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 arrester is a device that is installed on the roof of a building to divert lightning strikes away from the building.
Some of the major companies in the lightning arrester market are ABB (Thomas & Betts), SIEMENS, Hubbell, Cooper, TOSHIBA, MEIDEN (TRIDELTA), Streamer, Lamco, Shreem, Ensto, GE Grid, Jingguan, China XD, Fushun Electric Porcelain, Hengda ZJ, PG Toshiba (Langfang) Arrester, FVA Electric Apparatus, Silver Star, Yikun Electric.
The lightning arrester market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lightning Arrester Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lightning Arrester Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lightning Arrester Market - Supply Chain
4.5. Global Lightning Arrester Market Forecast
4.5.1. Lightning Arrester Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lightning Arrester Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lightning Arrester Market Absolute $ Opportunity
5. Global Lightning Arrester Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lightning Arrester Market Size and Volume Forecast by Type
5.3.1. Below 35 KV
5.3.2. 35-110 KV
5.3.3. Above 110 KV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lightning Arrester Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lightning Arrester Market Size and Volume Forecast by Application
6.3.1. Transmission Line
6.3.2. Substation
6.3.3. Distribution Line
6.3.4. Total
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lightning Arrester Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lightning Arrester Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lightning Arrester Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lightning Arrester Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lightning Arrester Demand Share Forecast, 2019-2026
9. North America Lightning Arrester Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lightning Arrester Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lightning Arrester Market Size and Volume Forecast by Application
9.4.1. Transmission Line
9.4.2. Substation
9.4.3. Distribution Line
9.4.4. Total
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lightning Arrester Market Size and Volume Forecast by Type
9.7.1. Below 35 KV
9.7.2. 35-110 KV
9.7.3. Above 110 KV
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lightning Arrester Demand Share Forecast, 2019-2026
10. Latin America Lightning Arrester Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lightning Arrester Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lightning Arrester Market Size and Volume Forecast by Application
10.4.1. Transmission Line
10.4.2. Substation
10.4.3. Distribution Line
10.4.4. Total
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lightning Arrester Market Size and Volume Forecast by Type
10.7.1. Below 35 KV
10.7.2. 35-110 KV
10.7.3. Above 110 KV
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lightning Arrester Demand Share Forecast, 2019-2026
11. Europe Lightning Arrester Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lightning Arrester Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lightning Arrester Market Size and Volume Forecast by Application
11.4.1. Transmission Line
11.4.2. Substation
11.4.3. Distribution Line
11.4.4. Total
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lightning Arrester Market Size and Volume Forecast by Type
11.7.1. Below 35 KV
11.7.2. 35-110 KV
11.7.3. Above 110 KV
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lightning Arrester Demand Share, 2019-2026
12. Asia Pacific Lightning Arrester Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lightning Arrester Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lightning Arrester Market Size and Volume Forecast by Application
12.4.1. Transmission Line
12.4.2. Substation
12.4.3. Distribution Line
12.4.4. Total
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lightning Arrester Market Size and Volume Forecast by Type
12.7.1. Below 35 KV
12.7.2. 35-110 KV
12.7.3. Above 110 KV
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lightning Arrester Demand Share, 2019-2026
13. Middle East & Africa Lightning Arrester Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lightning Arrester Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lightning Arrester Market Size and Volume Forecast by Application
13.4.1. Transmission Line
13.4.2. Substation
13.4.3. Distribution Line
13.4.4. Total
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lightning Arrester Market Size and Volume Forecast by Type
13.7.1. Below 35 KV
13.7.2. 35-110 KV
13.7.3. Above 110 KV
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lightning Arrester Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lightning Arrester Market: Market Share Analysis
14.2. Lightning Arrester Distributors and Customers
14.3. Lightning Arrester Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB (Thomas & Betts)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SIEMENS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hubbell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cooper
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TOSHIBA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MEIDEN (TRIDELTA)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Streamer
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lamco
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shreem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ensto
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. GE Grid
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jingguan
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. China XD
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fushun Electric Porcelain
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hengda ZJ
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. PG Toshiba (Langfang) Arrester
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. FVA Electric Apparatus
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Silver Star
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Yikun Electric
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
