Global Lightning Protection Technologies (LPT) Market Analysis –Trends, Insights and Forecast (2023-2030)

  • Publish Date
    October 18, 2023
  • No of Pages
    328
  • SKU Code
    GIR 9005
  • Format

Report Overview

  • Understand the latest market trends and future growth opportunities for the Lightning Protection Technologies (LPT) industry globally with research from the Global Industry Reports team of in-country analysts – experts by industry and geographic specialization.
  • Key trends are clearly and succinctly summarized alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight, and confident growth projections.
  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Lightning Protection Technologies (LPT) Market” by various segments at a global and regional level for the 2010-2030 period, with 2010-2021 as historical data, 2022 as a base year, 2023 as an estimated year and 2023-2030 as forecast period.

Description:

  • The global market for Lightning Protection Technologies (LPT) estimated at US$891.2 Million in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 5.5% over the period 2022-2030.
  • Conventional, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$874.6 Million by the end of the analysis period. Growth in the Unconventional segment is estimated at 4.7% CAGR for the next 8-year period.
  • The Lightning Protection Technologies (LPT) market in the U.S. is estimated at US$171 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$271.3 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Lightning Protection Systems Market 2023

MARKET DATA INCLUDED

  • Unit SalesAverage Selling PricesMarket Size & Growth Trends
  • COVID-19 Impact and Global Slowdown Analysis
  • Analysis of US inflation reduction act 2022
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Market Drivers & Limiters
  • Market Forecasts Until 2030, and Historical Data up to 2015
  • Recent Mergers & Acquisitions
  • Company Profiles and Product Portfolios
  • Leading Competitors

The Report Includes:

  • In-depth exploration of the industry, encompassing definitions, classifications, and the industry’s interconnected structure.
  • Examination of pivotal supply-side and demand trends.
  • Detailed breakdown of both international and local products.
  • Insight into historical volume and value dimensions, along with market shares of companies and brands.
  • Five-year predictions regarding market trends and growth.
  • A robust and transparent research methodology conducted within the country.
  • A blend of qualitative and quantitative analysis, grounded in segmentation that considers economic and non-economic aspects.
  • Provision of market value data (in USD Billion) for every segment and sub-segment.
  • Geographical, regional, national, and state-wise analysis.
  • A succinct overview of the commercial potential inherent in products, technologies, and applications.
  • Company profiles of key market players operating within the product category.
  • Descriptions of attributes and manufacturing processes.
  • Segmentation based on type, application, end-users, regions, and other factors.
  • Discussion about the current state, challenges, innovations, and future requirements of the market.
  • Examination of the market based on application and product sizes: utility-scale, medium scale, and small-scale.
  • Country-specific insights and analyses for major countries and regions.
  • Coverage of historical context, pivotal industrial developments, and regulatory frameworks.
  • Analysis of competitive movements, including agreements, expansions, new products, and mergers & acquisitions.
  • Exploration of opportunities for stakeholders and a depiction of the competitive landscape among market leaders.
  • Specialized coverage of significant global events, such as the Russia-Ukraine war, global inflation, China’s “zero-Covid” policy shift, supply chain disruptions, trade tensions, and the risk of recession.
  • Evaluation of global competitiveness and market shares among key competitors.
  • Presence assessment across various geographical markets: Strong, Active, Niche, Trivial.
  • Online, interactive, peer-to-peer collaborative updates.
  • Access to digital archives and the Market Research Platform.
  • Complimentary updates for a two-year period.

Green Building Materials Reports Scope and Segments:

Report Attribute Details
Market size value in 2022 USD 891.9 Million
Revenue forecast in 2030 USD 1.4 Billion
Growth Rate CAGR of 5.5% from 2022 to 2030
Base year for estimation 2022
Historical data 2015 – 2022
Forecast period 2023 – 2030
Quantitative units Revenue in USD million and CAGR from 2023 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, trends, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios

Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.

Segments covered Product, Type, Platform, Application & Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa and rest of the world
Country scope United States, China, Japan, Germany, India, United Kingdom, France, Brazil, Italy, Canada, South Korea, Australia, Russia, Spain, Mexico, Indonesia, Netherlands, Switzerland, Saudi Arabia, Turkey, Taiwan, Poland, Sweden, Belgium, Thailand, Austria, Nigeria, Argentina, United Arab Emirates, Iran, Norway, Israel, Ireland, Malaysia, Denmark, Singapore, Philippines, Pakistan, Finland, Chile, Vietnam, Greece, Czech Republic, Romania, Portugal, Peru, New Zealand, Hungary, Iraq, Bangladesh, Qatar, Kuwait, Ukraine, Egypt, Kazakhstan, Colombia, Angola, Algeria, Morocco, Slovakia, Oman, Puerto Rico, Ethiopia, Sudan, Kenya, Ghana, Dominican Republic, Myanmar, Tanzania, Ecuador, Belarus, Guatemala, Lithuania, Latvia, Sri Lanka, Nepal, Lebanon, Slovenia, Bahrain, Libya and others
Key companies profiled A. C. Harahan Lightning Rods; A.N. Wallis & Co. Ltd.; ABB Ltd; Alltec Corporation; APC by Schneider Electric; API Technologies Corporation; AXIS Electrical Components Pvt. Ltd.; Bonding Conductors; Bourns, Inc.; Cirprotec SL; Clearline Protection Services (Pty) Ltd.; Cooper; DEHN SE + Co KG; Delta T; East Coast Lightning Equipment, Inc.; Eaton Corporation; Ekspan Ltd; Elemko SA; Ennov Infra Solutions Private Ltd.; Ensto; Erico; ERITECH; Exar Industries; Fatech Electronic Co., Ltd.; Franklin Electric Co., Inc.; Furse; GE Grid; Gersan Elektrik; HAKEL; Harger Lightening and Grounding; Hubbell; HUBER+SUHNER AG; INAEL Electrical Systems SA (INAEL); Indelec; Independent Protection Company; INGESCO; Jishnu Control Systems; K.M.L.Technology; Kingsmill Industries; Kumwell Corporation; Lamco; LEC Global; Leeweld; Lightning and Grounding; Lightning Defense; Lightning Eliminators; Lightning Master; Lightning Preventor of America; Lightning Protection International (LPI); Lightning Protection System (LPS); Lightning Storm Lightning Protection; McWane, Inc.; MEIDEN (TRIDELTA); Metal Gems; MTL Instruments Group; NexTek Inc.; Northern Powergrid; Nvent; OBO Bettermann; Pentair Plc; Prevectron; Raycap; RidgeGear; Robbins Lightening; Shreem; Siemens AG; Stormin Protection Products; Streamer, Inc.; Super Impex; TE Connectivity Ltd; TFC Group; Thompson Lightning Protection; TOSHIBA; Tridium, Inc.; TSTLP; U-VENTURES; Wallis; Whitehead & Kales and Others
Customization scope Free report customization (equivalent up to 20 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Report Format PDF, PPT, Excel & Online User Account

Lightning Protection Technologies (LPT) Report Segemented By:

Lightning Protection Technologies (LPT) Market By Technology:

  • Conventional
  • Unconventional

 

Lightning Protection Technologies (LPT) Market by Product Type:

  • Lightning Rod Systems
  • Lightning Rod with Taut Wire Systems
  • Lighting Conductor with Meshed Cage Systems
  • Air Terminals and Adaptors
  • Conductors
  • Fittings and Connectors
  • Grounding Equipment
  • Surge Protectors
  • Others

Lightning Protection Technologies (LPT) Market by End-user:

  • Commercial
  • Residential
  • Industrial

 

Lightning Protection Technologies (LPT) Market By Region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middel East & Africa
  • Rest of the World

Companies covered in Lightning Protection Technologies (LPT) market Report:

A. C. Harahan Lightning Rods Lamco
A.N. Wallis & Co. Ltd. LEC Global
ABB Ltd Leeweld
Alltec Corporation Lightning and Grounding
APC by Schneider Electric Lightning Defense
API Technologies Corporation Lightning Eliminators
AXIS Electrical Components Pvt. Ltd. Lightning Master
Bonding Conductors Lightning Preventor of America
Bourns, Inc. Lightning Protection International (LPI)
Cirprotec SL Lightning Protection System (LPS)
Clearline Protection Services (Pty) Ltd. Lightning Storm Lightning Protection
Cooper McWane, Inc.
DEHN SE + Co KG MEIDEN (TRIDELTA)
Delta T Metal Gems
East Coast Lightning Equipment, Inc. MTL Instruments Group
Eaton Corporation NexTek Inc.
Ekspan Ltd Northern Powergrid
Elemko SA Nvent
Ennov Infra Solutions Private Ltd. OBO Bettermann
Ensto Pentair Plc
Erico Prevectron
ERITECH Raycap
Exar Industries RidgeGear
Fatech Electronic Co., Ltd. Robbins Lightening
Franklin Electric Co., Inc. Shreem
Furse Siemens AG
GE Grid Stormin Protection Products
Gersan Elektrik Streamer, Inc.
HAKEL Super Impex
Harger Lightening and Grounding TE Connectivity Ltd
Hubbell TFC Group
HUBER+SUHNER AG Thompson Lightning Protection
INAEL Electrical Systems SA (INAEL) TOSHIBA
Indelec Tridium, Inc.
Independent Protection Company TSTLP
INGESCO U-VENTURES
Jishnu Control Systems Wallis
K.M.L.Technology Whitehead & Kales
Kingsmill Industries Others
Kumwell Corporation

After Sales Support

  • Every updated edition of the report and full data stack will be provided at no extra cost for 24 months.
  • Latest 2022 base year report.
  • Free Updated edition of 2023 every quarter without any hidden cost.
  • No user limitation for the report. Unlimited access within the organization.
  • Unrestricted post-sales support at no additional cost
  • Free report customization (equivalent up to 10 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
  • Global Industry Reports will support your post-purchase for a period of 24 months to answer any of your queries related to the following market and to provide you any more data needed, for your analysis.
  • Option to purchase regional or some selected Chapters from the report.

Key questions that are answered in this report:

  • What Are Lightning Protection Technologies (LPT), and How Do They Work?
  • What Are the Key Factors Driving the Growth of the Global Lightning Protection Technologies Market?
  • What Are the Major Types of Lightning Protection Technologies Available?
  • How Does Climate and Geography Impact the Adoption of Lightning Protection Technologies?
  • What Are the Impacts of Lightning Strikes on Buildings and Structures?
  • What Are the Different Components of a Lightning Protection System?
  • How Does the Global Lightning Protection Market Vary by Industry?
  • What Are the Latest Innovations in Lightning Protection Technologies?
  • How Does Regulatory Compliance Affect the Installation of Lightning Protection Systems?
  • What Are the Key Challenges Faced by the Lightning Protection Industry?
  • How Does Lightning Protection Technology Compare to Surge Protection Devices?
  • What Is the Role of Lightning Protection in Renewable Energy Systems?
  • What Are the Safety Benefits of Lightning Protection in Residential Areas?
  • What Impact Does Climate Change Have on Lightning Frequency and Protection Needs?
  • What Are the Emerging Trends in Lightning Protection for Telecommunications and Data Centers?
  • How Is the Aviation Industry Addressing Lightning Protection for Aircraft?
  • What Is the Significance of Lightning Protection in Historical and Cultural Sites?
  • How Does the Global Lightning Protection Market Vary by Region?
  • What Are the Advantages of Early Streamer Emission (ESE) Lightning Protection Systems?
  • What Are the Key Considerations When Designing Lightning Protection for Tall Structures?
  • How Are Lightning Protection Technologies Incorporating Sustainable Practices?
  • What Is the Market Size and Growth Projection for the Global LPT Market?
  • What Are the Top Lightning Protection Technology Manufacturers and Suppliers?
  • How Is Lightning Protection Technology Contributing to Public Safety and Infrastructure Resilience?
  • What Are the Cost Factors Associated with Lightning Protection System Installation and Maintenance?
  • Executive Summary
  • Research Methodology
    • Primary Research
    • Secondary Research
    • Market Analytics
    • Revenue Forecasting
  • Market Overview
    • Market Definition
    • Scope of the Study
      • Research Objectives
      • Assumptions & Limitations
      • Market Structure
    • Market Dynamics
      • Introduction
      • Microeconomic Factor Analysis
      • Market Evolution
      • Technology Roadmap
      • Demand-Supply Dynamics
      • Growth Drivers
      • Restraints
      • Opportunities
      • Challenges
      • Sustainable Strategies
    • Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
    • Industry Analysis
      • Profitability analysis
      • Supply Chain & Value Chain Analysis
      • Porter’s Five Forces Analysis
        • Bargaining power of Suppliers
        • Bargaining Power of Buyers
        • Threat of substitutes
        • Threat of new entrants
        • Degree of Competition
      • PEST Analysis
      • Upstream and downstream profitability analysis and opportunities

Global Market Scope

  1. Market analysis by product category
  2. Market analysis by component / type
  3. Market analysis by technology
  4. Market analysis by application
  5. Market analysis by industry vertical
  6. Market analysis by end-use
  7. Market analysis by emerging technologies, trends and applications
  8. Market analysis by region
    • North America
      • US
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Peru
      • Venezuela
      • Ecuador
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Russia
      • Italy
      • Spain
      • Sweden
      • Netherlands
      • Poland
      • Austria
      • Belgium
      • Finland
      • Norway
      • Switzerland
      • Denmark
      • Czech Republic
      • Portugal
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • Taiwan
      • India
      • Australia
      • Indonesia
      • Philippines
      • Malaysia
      • Others
    • Middle East
      • Iran
      • Turkey
      • Kuwait
      • UAE
      • Israel
      • Oman
      • Bahrain
      • Saudi Arabia
      • Qatar
      • Egypt
      • Others
    • Africa
      • Algeria
      • Libya
      • South Africa
      • Sudan
      • Zimbabwe
      • Others
  1. Competitive Landscape
    • Introduction
    • Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
    • Market Strategy
    • Mergers and Acquisitions
    • New Product Launches
    • Asset Transactions
    • Financial Announcements
  2. Company Profile (key market players)
    • Company profile 1
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 2
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 3
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 4
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 5
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 6
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 7
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 8
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 9
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 10
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
  1. Other Companies

150+

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.