Lightning Protection Technologies (LPT) Market
Lightning Protection Technologies (LPT) Market Analysis By Type (Dissipation Array Systems, Early Streamer Emitters, Charge Transfer Systems), By End User (Commercial Sector, Industrial Sector, Residential Sector), By Region - Global Insights 2021 to 2031
Analysis of Lightning Protection Technologies (LPT) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Market Outlook for Lightning Protection Technologies (LPT)
As per A latest analysis on the global lightning protection technologies (LPT) market by skilled analysts at Fact.MR, demand for lightning protection systems is anticipated to rise at a steady CAGR of nearly 5% over the next ten years. The survey reveals that the LPT industry was estimated to be valued at approximately US$ 800 Mn in 2020. At present, the U.S. accounts for around 20% of the global market share.
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Key Insights Covered in Lightning Protection Technologies Industry Survey:
- Market Estimates and Forecasts (2016 to 2031)
- Production Capacity Analysis of Prominent Manufacturers
- Lightning Protection Technologies Market Size in 2021
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Lightning Protection Technologies Market Growth to 2031
- Leading Export - Import Destinations
- Analysis of Supply Contracts, Avg. Consumption, Potential for Direct & Indirect Sales
- Analysis of Top Companies in Lightning Protection Technologies Market
- COVID-19 Impact on Demand for Lightning Protection Technologies and How to Navigate
- Recommendations on Key Winning Strategies
Demand Analysis of Lightning Protection Technologies from 2016 to 2020 Vs Market Outlook for 2021 to 2031
Deployment of lightning protection systems has seen some major changes over the past decade. Lightning protection systems protect infrastructure from lightning and thunder damage as they direct the current to a path of least resistance through lightning arrester rods and cables without harming the structure.
Substantial increase in the construction of high rise structures and skyscrapers has increased the application scope of lightning protection technologies and systems. Use of LPT is expected to see a major boost over the decade as technological advancements in electrical systems increase.
Rapid urbanization and industrialization all across the globe is majorly fueling sales of lightning protection devices, which are expected to be more than what they were recorded in the historic period (2016 to 2020). Demand for lightning protection devices is anticipated to rise at a positive CAGR of nearly 5% over the next ten years.
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Which are the Two Principal Types of LPT?
- Conventional Lightning Protection Technologies
- Unconventional Lightning Protection Technologies
Conventional LPT provide basic protection and is a very simple and reliable system to implement. Conventional systems are simple, inexpensive, passive, and don’t require any maintenance.
Conventional LPT demand is anticipated to rise at a CAGR of nearly 5% over the next ten years. Demand for conventional lightning protection technologies is expected to be governed majorly by outdoor lightning alert systems.
Unconventional LPT also provide similar protection as conventional LPT, but claim to also prevent lightning and shield from secondary effects such as electromagnetic pulse, electrostatic pulse, etc. Demand for unconventional lightning protection technologies is expected to rise at a CAGR of nearly 4% over the forecast period. Demand for unconventional LPT is hampered by lack of scientific and unproven claims that technology manufacturers have made.
Why is Application of Lightning Protection Technologies in Structures Gaining Momentum?
Lightning strikes can cause a lot of damage to a structure and cause the loss of property as well as human life. The odds of getting struck by lightning are pretty low, but damage to the structure and property is substantial, and hence, protection against it has now become essential.
Electric devices are extremely sensitive to voltage or current fluctuations, and since everything is digital these days, application of lightning protection technologies in electrical installations has increased to protect them from damage.
Airports depend on highly sensitive electronic equipment to ensure safe operations, and this equipment, along with the airport infrastructure, needs to be protected from lightning strikes that could endanger the lives of hundreds if not thousands of people. Demand for lightning protection technologies at airports is expected to see a rise, as airports have gotten busier than ever before.
As the world moves into complete digitization and automation, more and more systems become digital and based on electronics. Application of lightning protection technologies in electronic assets becomes imperative to ensure proper functioning of the new digital world.
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How are Government Regulations Impacting the LPT Industry?
Governments across the world are imposing stringent regulations on various public services to ensure they stay safely operational even in times of distress. This is driving the use of lightning protection technologies in the utility sector, as this sector is responsible for a substantial amount of economic activity.
Similarly, use of lightning protection technologies in healthcare facilities, use of lightning protection technologies in water treatment plants, use of lightning protection technologies in nuclear power units, and use of lightning protection technologies in warehouses are being mandated by various government institutions across the world to avoid any catastrophic damage, as these are some of the essential blocks of a functional economy.
How is the LPT Industry Segmented in this Analysis?
The global lightning protection technologies market has been segmented on the basis of type, end user, and region. Type segment is further bifurcated as dissipation array systems, early streamer emitters, and charge transfer systems.
Radioactive air terminals were also a part of lightning protection technology, but due to their environmental and occupational hazard concerns, they have been banned across many nations. Sales of radioactive air terminals are thus limited in many countries.
The end user segment is further classified into commercial, residential, and industrial.
What is the Scope of Lightning Protection Technologies across Regions?
This research details the global market landscape for LPT in regions such as North America, Latin America, Europe, APAC, and MEA.
The industry is expected to see substantial growth in developing and emerging economies. Adoption of LPT due to rapid urbanization and industrialization in the APAC region is expected to fuel market potential. While the U.S. holds nearly 20% of the global market share, growth of North American market is expected to be substantial.
Increasing government mandates to employ lightning arresting systems across various public and commercial facilities is expected to drive demand for LPT in most geographies. Demand for external lightning systems and lightning warning systems is expected to be common to all geographies, as they form the basic structure of this technology.
Country-wise Analysis
What is the Outlook for Lightning Protection Technologies in the U.S.?
Smart home technologies in the U.S. has spawned a good amount of interest among the population, and more people are adopting such smart technologies. Increasing application of smart home technologies has resulted in growing demand for lightning protection in the building design process of smart homes.
Application of lightning protection technologies in buildings is also expected to rise as urbanization paces in the region. The U.S. accounts for nearly 20% of the global market share.
Manufacturers of lightning protection devices in the U.S. are adopting various growth strategies to cash in on the revenue potential of the growing demand for structural lightning protection.
How are Sales of Lightning Protection Devices in China Shaping Up?
China is the world’s second-largest economy, and the nation has a booming industrial and commercial sector. With rapid industrialization, demand for lightning protection technologies in industrial buildings is anticipated to see an increase over the next ten years.
The LPT industry in China is expected to progress at a healthy CAGR of around 6% over the decade. Demand for LPT in industrial buildings is expected to increase as industrialists try to minimize damages caused by lightning strikes.
Category-wise Insights
Why is Demand for LPT in Commercial Buildings High?
Demand for lightning protection technologies in commercial buildings is expected to be one of the prime trends driving the market. Damage to commercial infrastructure can levy huge losses for businesses and people alike. Hence, deployment of LPT technology in these structures is expected to become an imperative choice.
For commercial buildings, deployment of internal lightning protection as well as external lightning protection is essential, as they need to protect the external infrastructure and their internal systems as well.
Why is Early Streamer Emitter Demand Something to Keep an Eye On?
Early streamer emitters is a relatively new technology in the lightning protection industry. It is a type of external lightning system. The technology has claims that it is a better and improved version of lightning protection, but the lack of scientific and technical proof makes the technology questionable in nature.
Adoption of this technology is expected to be limited until there is concrete evidence of its effectiveness. Demand for dissipation array systems and demand for charge transfer systems is also expected to follow a similar trend, as their effectiveness also lacks the same scientific and technical proof.
Competition Landscape
Top manufacturers of lightning protection devices are focusing on developing the technology and providing new advanced solutions. Next generation lightning protection with lasers is what manufacturers would be focusing on, as this technology is being developed and researched.
Demand for lightning arrester rods is expected to drop as the LPT industry advances. Market players are focusing on various strategies and mergers to extend their lead in the global LPT market.
- Repsun Lightning Protection Co. Ltd., in October 2020, demonstrated three new major product series. Smart products offer real-time remote monitoring, automatic storage of lightning, and surge data, as such, taking LPT to an advanced level.
- Researchers involved with an EU-funded LLR project have developed a new technique for lightning protection based on a 5-ton, 9 meter-long super laser. The objective is to show that lasers can safely divert and control lightning strikes. Data from this experiment can be crucial in advancing LPT.
Lightning Protection Technologies Industry Report Scope
| Attribute | Details |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Market Analysis | KT for Volume and US$ Mn for Value |
| Key Regions Covered | North America; Latin America; Europe; APEJ; MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Turkey, South Africa, and GCC Countries |
| Key Market Segments Covered | Type, End User, Region |
| Key Companies Profiled | Alltec Corporation; Fatech Electronic Co.; Pentair Plc; AXIS Electrical Components Pvt. Ltd.; MTL Instruments Group; NexTek Inc.; Harger Inc. |
| Pricing | Available upon Request |
Segmentation of LPT Industry Research
-
On the Basis of Type:
- Dissipation Array Systems
- Early Streamer Emitters
- Charge Transfer Systems
-
On the Basis of End User:
- Use of Commercial Sector
- Use of Industrial Sector
- Use of Residential Sector
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Type
- 9.1. Dissipation Array Systems
- 9.2. Early Streamer Emitters
- 9.3. Charge Transfer Systems
- 10. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by End User
- 10.1. Commercial
- 10.2. Residential
- 10.3. Industrial
- 11. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. South Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 17. Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 18. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 19. Key and Emerging Countries Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Alltec Corporation
- 21.2. Fatech Electronic Co.
- 21.3. Pentair Plc
- 21.4. AXIS Electrical Components Pvt. Ltd.
- 21.5. MTL Instruments Group
- 21.6. NexTek Inc.
- 21.7. Harger Inc.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
Table 08: Latin America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
Table 11: Europe Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
Table 14: South Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
Table 17: East Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
Table 20: Oceania Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By End User
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2016 to 2020
Figure 02: Global Market Volume Forecast (in 000' Units), 2021 to 2031
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2016 to 2020
Figure 06: Global Market Value Forecast (US$ Mn), 2021 to 2031
Figure 07: Global Market Absolute $ Opportunity, 2021 to 2031
Figure 08: Global Market Share Analysis (%), By Type, 2021 to 2031
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Type, 2021 to 2031
Figure 11: Global Market Share Analysis (%), By End User, 2021 to 2031
Figure 12: Global Market Y-o-Y Analysis (%), By End User, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by End User, 2021 to 2031
Figure 14: Global Market Share Analysis (%), By Region, 2021 to 2031
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value Share, By Type, 2021 (E)
Figure 18: North America Market Value Share, By End User, 2021 (E)
Figure 19: North America Market Value Share, By Country, 2021 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 21: North America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 22: North America Market Attractiveness Analysis by Type, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 24: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 25: Latin America Market Value Share, By Type, 2021 (E)
Figure 26: Latin America Market Value Share, By End User, 2021 (E)
Figure 27: Latin America Market Value Share, By Country, 2021 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 29: Latin America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 30: Latin America Market Attractiveness Analysis by Type, 2021 to 2031
Figure 31: Latin America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 32: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 33: Europe Market Value Share, By Type, 2021 (E)
Figure 34: Europe Market Value Share, By End User, 2021 (E)
Figure 35: Europe Market Value Share, By Country, 2021 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2016 to 2020
Figure 37: Europe Market Value Forecast (US$ Mn), 2021 to 2031
Figure 38: Europe Market Attractiveness Analysis by Type, 2021 to 2031
Figure 39: Europe Market Attractiveness Analysis by End User, 2021 to 2031
Figure 40: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 41: South Asia Market Value Share, By Type, 2021 (E)
Figure 42: South Asia Market Value Share, By End User, 2021 (E)
Figure 43: South Asia Market Value Share, By Country, 2021 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 45: South Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 46: South Asia Market Attractiveness Analysis by Type, 2021 to 2031
Figure 47: South Asia Market Attractiveness Analysis by End User, 2021 to 2031
Figure 48: South Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 49: East Asia Market Value Share, By Type, 2021 (E)
Figure 50: East Asia Market Value Share, By End User, 2021 (E)
Figure 51: East Asia Market Value Share, By Country, 2021 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 53: East Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 54: East Asia Market Attractiveness Analysis by Type, 2021 to 2031
Figure 55: East Asia Market Attractiveness Analysis by End User, 2021 to 2031
Figure 56: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 57: Oceania Market Value Share, By Type, 2021 (E)
Figure 58: Oceania Market Value Share, By End User, 2021 (E)
Figure 59: Oceania Market Value Share, By Country, 2021 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2016 to 2020
Figure 61: Oceania Market Value Forecast (US$ Mn), 2021 to 2031
Figure 62: Oceania Market Attractiveness Analysis by Type, 2021 to 2031
Figure 63: Oceania Market Attractiveness Analysis by End User, 2021 to 2031
Figure 64: Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 65: Middle East and Africa Market Value Share, By Type, 2021 (E)
Figure 66: Middle East and Africa Market Value Share, By End User, 2021 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2021 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2016 to 2020
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2021 to 2031
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2021 to 2031
Figure 71: Middle East and Africa Market Attractiveness Analysis by End User, 2021 to 2031
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2021 to 2031
Figure 73: U. S. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 74: U. S. Market Value Share, By Type, 2021 (E)
Figure 75: U. S. Market Value Share, By End User, 2021 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2021 & 2031
Figure 77: Canada Market Value Share, By Type, 2021 (E)
Figure 78: Canada Market Value Share, By End User, 2021 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2021 & 2031
Figure 80: Mexico Market Value Share, By Type, 2021 (E)
Figure 81: Mexico Market Value Share, By End User, 2021 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2021 & 2031
Figure 83: Brazil Market Value Share, By Type, 2021 (E)
Figure 84: Brazil Market Value Share, By End User, 2021 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 86: U. K. Market Value Share, By Type, 2021 (E)
Figure 87: U. K. Market Value Share, By End User, 2021 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2021 & 2031
Figure 89: Germany Market Value Share, By Type, 2021 (E)
Figure 90: Germany Market Value Share, By End User, 2021 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2021 & 2031
Figure 92: France Market Value Share, By Type, 2021 (E)
Figure 93: France Market Value Share, By End User, 2021 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2021 & 2031
Figure 95: Italy Market Value Share, By Type, 2021 (E)
Figure 96: Italy Market Value Share, By End User, 2021 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2021 & 2031
Figure 98: Spain Market Value Share, By Type, 2021 (E)
Figure 99: Spain Market Value Share, By End User, 2021 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 101: Russia Market Value Share, By Type, 2021 (E)
Figure 102: Russia Market Value Share, By End User, 2021 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2021 & 2031
Figure 104: China Market Value Share, By Type, 2021 (E)
Figure 105: China Market Value Share, By End User, 2021 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2021 & 2031
Figure 107: Japan Market Value Share, By Type, 2021 (E)
Figure 108: Japan Market Value Share, By End User, 2021 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2021 & 2031
Figure 110: South Korea Market Value Share, By Type, 2021 (E)
Figure 111: South Korea Market Value Share, By End User, 2021 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2021 & 2031
Figure 113: India Market Value Share, By Type, 2021 (E)
Figure 114: India Market Value Share, By End User, 2021 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2021 & 2031
Figure 116: ASEAN Market Value Share, By Type, 2021 (E)
Figure 117: ASEAN Market Value Share, By End User, 2021 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 119: Australia Market Value Share, By Type, 2021 (E)
Figure 120: Australia Market Value Share, By End User, 2021 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2021 & 2031
Figure 122: New Zealand Market Value Share, By Type, 2021 (E)
Figure 123: New Zealand Market Value Share, By End User, 2021 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2021 & 2031
Figure 125: GCC Countries Market Value Share, By Type, 2021 (E)
Figure 126: GCC Countries Market Value Share, By End User, 2021 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2021 & 2031
Figure 128: Turkey Market Value Share, By Type, 2021 (E)
Figure 129: Turkey Market Value Share, By End User, 2021 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2021 & 2031
Figure 131: South Africa Market Value Share, By Type, 2021 (E)
Figure 132: South Africa Market Value Share, By End User, 2021 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the lightning protection technologies industry value in 2020?
The global lightning protection technologies market amassed revenue worth nearly US$ 800 Mn in 2020.
How is demand for lightning protection technologies expected to progress over the decade?
Demand for lightning protection technologies is anticipated to progress at a CAGR of nearly 5% over the next ten years.
At what pace is demand for lightning protection technologies in Japan expected to rise?
The LPT market in Japan is anticipated to rise at a modest CAGR of around 3.5% over the next ten years.
Who are the key players in the lightning protection technologies market?
A. N. Wallis & Co Ltd., Harger, Inc., Alltec Corporation, Fatech Electronic Co., Ltd., AXIS Electrical Components Pvt. Ltd., MTL Instruments Group, NexTek, Inc., Lightning Protection International Pty Ltd., K.M.L.Technology Co., Ltd., Pentair Plc,
What does the research say about demand for lightning protection systems in Germany?
As per this research, the lightning protection system market in Germany is expected to progress at a CAGR of nearly 4% through 2031.
What are the latest trends in the lightning protection technologies industry?
Rising urbanization and industrialization in emerging economies is expected to be the most influential trend driving demand for LPT.
Lightning Protection Technologies (LPT) Market