Market Overview:
The global lightning protection system market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing awareness about lightning safety and its prevention, and the growing demand for advanced lightning protection systems. The air-termination lightning protection system is expected to hold the largest share of the global market in 2018. This can be attributed to its low installation cost and easy installation process. However, the meshed conductors lightning protection system is projected to grow at a higher CAGR during the forecast period as it offers better performance than other types of systems available in the market.
Product Definition:
A lightning protection system (LPS) is a complete assembly of materials and components used to protect a structure from the potentially lethal effects of lightning. The main purpose of a LPS is to intercept, divert or absorb the energy from a lightning strike in order to protect the structure and its occupants.
Air-Termination Lightning Protection System:
The Air-Termination Lightning Protection System (ATLPS) is a patented technology of Eaton Corporation. It was initially developed for power grid systems, where it played an important role in the development of smart grids. Over the years, it has gained significant popularity in other applications as well, such as data centers and oil & gas facilities. The system helps protect equipment from electrical surges and transients by providing a reliable path for electricity to flow between circuits or zones during an electric storm.
Meshed Conductors Lightning Protection System:
Meshed conductors lightning protection system is a new technology that provides reliable and cost-effective solutions to protect power lines from high-intensity electrical fields. It also helps in preventing the spread of fire along the line and protects people working on it from electrocution. The technology is still at an early stage, but has potential applications across various industries including oil & gas, manufacturing, transportation & utilities as well as commercial & residential buildings.
Application Insights:
The market is segmented by application into towers, space shuttle launch pad, factories, buildings and others. The tower was the largest application segment in 2017 with a share of over 40%. The need for providing reliable protection against lightning at high altitude is expected to drive the demand for lps during construction of towers or other structures.
Lightning can travel along catenary wires as well as streamers and hit ground objects directly if they are within close proximity. Therefore, conductors system is used at distances between tower base station to factory floor or building foundation to penthouse level in order to provide reliable protection against lightning strikes. These systems use mesh-like structure made up of thousands of thin metal wires that act as an effective barrier against electric current flow from a strike.
The Space Shuttle Launch Pad was the second largest application segment in 2017 owing to its requirement for providing reliable protection aginst any damage caused by lightning during launches.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 7.5% over the forecast period, owing to increasing construction activities and technological advancements in lightning protection systems.
Asia Pacific market for lightening protection system is anticipated to grow at a significant rate during the forecast period due to rapid development taking place across various economies including China, India, Japan etc., which has led towards increased demand for technologically advanced products that can withstand high voltage discharges with minimal damage.
Growth Factors:
- Increasing demand for lightning protection systems from the construction sector as a result of growing awareness about the benefits of using these systems
- Rising number of thunderstorms and lightning strikes across the globe, which is expected to fuel demand for lightning protection systems over the next few years
- Growing investments in infrastructure development projects, especially in emerging economies, is likely to boost demand for lightning protection systems in the near future
- Proliferation of advanced technologies that offer better safety and security against electrical hazards is projected to support growth of the global market for lightning protection systems during forecast period
- Stringent government regulations pertaining to use of these systems in various end-use industries are anticipated to propel growth of Lightning Protection System market globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightning Protection System 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
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Lightning Protection System Market Report Segments:
The global Lightning Protection System 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
Highlights of The Lightning Protection System 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 Protection System 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 protection system (LPS) is a safety device installed in buildings to protect occupants from the electrical discharge that occurs during a lightning storm.
Some of the key players operating in the lightning protection system market are Pentair, A.N.Wallis, Alltec, East Coast Lightning Equipment, Harger Lightning & Grounding, Kingsmill, Lightning Protection International, Metal Gems, OBO Bettermann, Robbins Lightning.
The lightning protection system market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lightning Protection System 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 Protection System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lightning Protection System Market - Supply Chain
4.5. Global Lightning Protection System Market Forecast
4.5.1. Lightning Protection System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lightning Protection System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lightning Protection System Market Absolute $ Opportunity
5. Global Lightning Protection System 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 Protection System Market Size and Volume Forecast by Type
5.3.1. Air-Termination Lightning Protection System
5.3.2. Meshed Conductors Lightning Protection System
5.3.3. Catenary wire lightning conductor
5.3.4. Streamer emission lightning conductor
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lightning Protection System 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 Protection System Market Size and Volume Forecast by Application
6.3.1. Towers
6.3.2. Space Shuttle Launch Pad
6.3.3. Factories
6.3.4. Buildings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lightning Protection System 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 Protection System 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 Protection System 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 Protection System 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 Protection System Demand Share Forecast, 2019-2026
9. North America Lightning Protection System 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 Protection System 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 Protection System Market Size and Volume Forecast by Application
9.4.1. Towers
9.4.2. Space Shuttle Launch Pad
9.4.3. Factories
9.4.4. Buildings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lightning Protection System Market Size and Volume Forecast by Type
9.7.1. Air-Termination Lightning Protection System
9.7.2. Meshed Conductors Lightning Protection System
9.7.3. Catenary wire lightning conductor
9.7.4. Streamer emission lightning conductor
9.7.5. Others
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 Protection System Demand Share Forecast, 2019-2026
10. Latin America Lightning Protection System 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 Protection System 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 Protection System Market Size and Volume Forecast by Application
10.4.1. Towers
10.4.2. Space Shuttle Launch Pad
10.4.3. Factories
10.4.4. Buildings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lightning Protection System Market Size and Volume Forecast by Type
10.7.1. Air-Termination Lightning Protection System
10.7.2. Meshed Conductors Lightning Protection System
10.7.3. Catenary wire lightning conductor
10.7.4. Streamer emission lightning conductor
10.7.5. Others
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 Protection System Demand Share Forecast, 2019-2026
11. Europe Lightning Protection System 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 Protection System 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 Protection System Market Size and Volume Forecast by Application
11.4.1. Towers
11.4.2. Space Shuttle Launch Pad
11.4.3. Factories
11.4.4. Buildings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lightning Protection System Market Size and Volume Forecast by Type
11.7.1. Air-Termination Lightning Protection System
11.7.2. Meshed Conductors Lightning Proection System
11.7.3. Catenary wire lightning conductor
11.7.4. Streamer emission lightning conductor
11.7.5. Others
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 Protection System Demand Share, 2019-2026
12. Asia Pacific Lightning Protection System 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 Protection System 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 Protection System Market Size and Volume Forecast by Application
12.4.1. Towers
12.4.2. Space Shuttle Launch Pad
12.4.3. Factories
12.4.4. Buildings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lightning Protection System Market Size and Volume Forecast by Type
12.7.1. Air-Termination Lightning Protection System
12.7.2. Meshed Conductors Lightning Protection System
12.7.3. Catenary wire lightning conductor
12.7.4. Streamer emission lightning conductor
12.7.5. Others
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 Protection System Demand Share, 2019-2026
13. Middle East & Africa Lightning Protection System 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 Protection System 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 Protection System Market Size and Volume Forecast by Application
13.4.1. Towers
13.4.2. Space Shuttle Launch Pad
13.4.3. Factories
13.4.4. Buildings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lightning Protection System Market Size and Volume Forecast by Type
13.7.1. Air-Termination Lightning Protection System
13.7.2. Meshed Conductors Lightning Protection System
13.7.3. Catenary wire lightning conductor
13.7.4. Streamer emission lightning conductor
13.7.5. Others
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 Protection System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lightning Protection System Market: Market Share Analysis
14.2. Lightning Protection System Distributors and Customers
14.3. Lightning Protection System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pentair
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. A.N.Wallis
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alltec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. East Coast Lightning Equipment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Harger Lightning & Grounding
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kingsmill
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lightning Protection International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Metal Gems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OBO Bettermann
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Robbins Lightning
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
