The Global Market for Lightning Protection Technologies is Projected to Reach US$1 Billion by 2020

High Rise Smart Buildings & Structures in the Electronic Age Drives the Global Lightning Protection Technologies Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Lightning Protection Technologies market. The global market for Lightning Protection Technologies is projected to reach US$1 billion by 2020, driven by the growing popularity of high-rise architecture and the increased risk of damage to such buildings from direct lightning strikes. Also driving growth is the vulnerability of electronically enhanced buildings to lightning induced voltage surges.
Lightning Protection Technologies (LPT) encompass equipment and devices designed to provide protection against the high current and voltage produced by lightning. The extraordinary increase in the number of lightning strikes triggered by extreme weather patterns worldwide is a strong case for adoption of lightning protection systems to reduce damage to humans and infrastructure. Proper grounding serves as the basis for any LPT to reduce risk and optimize performance. Lightning protection systems offer protection for sensitive electronics and business-critical IT infrastructure, against direct lightning strikes and transient voltage spikes. Over the last couple of decades, newer technologies have been developed such as the charge transfer system (CTS), the dissipation array system (DAS), and other novel methods to effectively protect against lightning.
Growing regulatory pressure to protect facilities such as water treatment and nuclear power plants, warehouses, seaports, airports, military units, schools, healthcare and broadcast industries will also fuel demand growth in the coming years. Commercial sectors that include golf courses, schools, offices, stadiums, as well as large building complexes are expected to be other major sources of revenues for the LPT market. As homes and buildings become smarter with the incorporation of new connected technologies, monitoring controls and intelligent systems, the need for lightning protection is becoming more critical to safeguard the electrical equipment and devices. Specialized surge protection is also crucial for the safety of Ethernet, telephone, and coaxial lines in home offices.  In the aviation industry, the replacement of aluminum with lighter carbon composites to create lightweight aircraft leaves them susceptible to lightning strikes. As a result, a number of lightning protection solutions are being adopted to avoid damage to aircraft.
As stated by the new market research report on Lightning Protection Technologies, Europe represents the largest market with about 29% share of the global market in 2015. Asia-Pacific ranks as the fastest growing market with an estimated compounded annual growth rate of 7.2% over the analysis period. The growth in the region is driven by rapid urbanization, regulations mandating installation of lightning protection systems at public service facilities, rising adoption of voltage sensitive home automation technologies and electronic systems, developing telecommunication infrastructure and the resulting need to protect cellular towers, antennas and equipment.

Major players in the market include A. N. Wallis & Co. Ltd., Alltec Corporation, AXIS Electrical Components (India) Pvt. Ltd., Fatech Electronic Co. Ltd., K.M.L. Technology Co. Ltd., Lightning Eliminators & Consultants Inc., Lightning Protection International Pty Ltd., Littelfuse Inc., MTL Instruments Group, NexTek Inc., Pentair plc, PT. Zeus Prima Garda, and Shenzhen Techwin Lightning Technologies Co., Ltd. among others.

The research report titled “Lightning Protection Technologies: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market trends, market issues, growth drivers, and strategic industry activity of global companies.  The report provides market estimates and projections for major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa, and Latin America.

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