Lighting Protection Systems Market Industry Trends, Future Demands, Growth Factors, Emerging Technologies

The lightning protection systems market share is expected to increase by USD 97.36 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.05%.

Various protection methods, including rods, meshed conductors, and catenary wires, among others, offer a number of benefits, including ease of installation, a decrease in the impacts of electromagnetic radiation inside the protected building, and protection of open areas. However, the constraints of rods prevent them from safeguarding tiny structures, whereas mesh conductors are difficult and expensive to instal. Catenary wires, on the other hand, might be hazardous in handling areas where lifting equipment is employed. Therefore, ongoing problem-solving and R&D contribute to the advancement of product innovations.

The range of applications for lightning protection technologies and systems has expanded due to the significant increase in the building of high rise buildings and skyscrapers. The use of LPT is anticipated to significantly rise during the next ten years as electrical system technology advances.

Key Lightning Protection Systems Market Driver

Demand from the telecom industry is one of the key factors driving the growth of the global lightning protection systems market. Earthing, lightning, and surge protection are critical parts of telecommunication facilities. Telecom towers are one of the tallest structures; thus, the probability of lightning strikes is high. A lightning discharge can strike a telecom tower by either direct strikes, coupling through the earth, or electromagnetic fields. When lightning strikes a telecom tower, the grounding system experiences a surge in the voltage as current passes into the earth. This is known as lightning-induced ground potential rise.

Key Lightning Protection Systems Market Trend

The rising number of smart homes will fuel the global lightning protection systems market growth. Smart homes and buildings are equipped with automated features that enable occupants to control devices and electronics remotely. Smart homes include various networks that encompass communications, security, entertainment, and information technology. With an increasing number of sensitive and smart appliances in the residential sector, it is expected to trigger the demand for lightning protection systems for safety purposes. Increasing security needs and changing lifestyles have contributed to the growth of the smart home market globally. Moreover, smart homes are powered by computing devices and IT that connect various appliances and gadgets, which ensure enhanced comfort and convenience to users.

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Global Lighting Protection Systems Market: Major Players
Pentair
Lightning Master
DEHN
ABB
OBO BETTERMANN
A.N.Wallis&Co
Kingsmill Industries
Metal Gems
Alltec
East Coast Lightning Equipment

Global Lighting Protection Systems Market: By Types
Conventional
Unconventional

Global Lighting Protection Systems Market: By Applications
Commercial
Residential
Industrial

Global Lighting Protection Systems Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Lighting Protection Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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