Lightning Protection Technologies (LPT) Market

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.

Key Insights Covered in Lightning Protection Technologies Industry Survey:

• Market Estimates and Forecasts (2016-2031)
• 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—2020). Demand for lightning protection devices is anticipated to rise at a positive CAGR of nearly 5% over the next ten years.

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.

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	2021-2031
Historical Data Available for	2016-2020
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 Lightning Protection Technologies in Commercial Sector
  • Use of Lightning Protection Technologies in Industrial Sector
  • Use of Lightning Protection Technologies in Residential Sector