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According to the lightning rod industry analysis, the global lightning rod market will grow steadily at a CAGR of around 8% by 2021. One of the key drivers for this market is the adherence to lighting protection safety standards. Lightning safety systems provide a specific path for the lightning current to travel to the ground, ensuring the safety of infrastructure and people. The use of non-listed materials in safety equipment can result in inadequate protection, so the majority of manufacturers follow and implement the safety standards provided by various international, national, and regional organizations safety standards. For instance, on a pitched roof, air terminals should be placed at lesser height intervals than that of in a gently sloping roof. The constant efforts made by vendors to comply with safety standards will fuel market growth during the forecast period.
One of the latest lightning rod market trends gaining traction is the demand for lighting rods with early streamer emission (ESE) technology. ESE technology is a relatively new approach toward lightning protection. An ESE air terminal initiates the early and upward generation of streamer (positively charged ionic channel) and connects to the streamer-leader discharge earlier than a conventional air terminal, during the development of a lightning strike. This method gives the leverage to provide protect open areas, structures and their premises at the same time. With better efficiency, ESE air terminals will emerge as a new phase in enhanced lightning protection and will contribute significantly to the global lightning rod market in the coming years.
The lightning rod market is characterized by the presence of few vendors, focusing on technical and aesthetic innovations in lightning rods. This approach of the established players has induced a moderate competitive environment in the lighting rod market. Lightning conductors manufacturers in the market are offering lightning rods with decorative motifs such as antique designs and glass balls, which will enhance the appearance of the building. In terms of technological innovations, vendors are drifting towards ESE technology for enhanced area protection. The above factors are expected to intensify the competition of the lightning arrester market in the future.
Leading vendors in the market are
The other prominent vendors in the global lightning rod market include East Coast Lightning Equipment, Harger Lightning & Grounding, Kingsmill Industries, Lightning Protection International, Metal Gems, OBO Bettermann, Robbins Lightning, and Thompson Lightning Protection.
During 2016, the industrial segment dominated the global lightning rod market and accounted for a major part of the overall market share. The industrial segment includes end-users such as manufacturing plants, water, and sewage plants, nuclear power plants, and oil and gas. The primary reason for the dominance of this segment is the high vulnerability to lightning damages, due to certain structural features such as extensive electrical wirings, use of flammable gases and liquids, and large areas of operation. Owing to the increasing demand from various industries for lightning protection such as oil and gas, nuclear plants, and manufacturing, the industrial segment is expected to grow during the forecast period.
In this market study, analysts have estimated the Americas to dominate the lightning arrester market during the forecast period. The high frequency of lighting in North America is the key contributor to the dominance of this region in the lighting rod market. The US state of Florida recorded the highest number of lightning strikes in the Americas during 1997-2011. These US states are prone to lightning strikes because of geographical and topological factors. As the market for lightning rods is mature in the Americas, a relatively moderate growth is expected in the region in the coming years.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Tags: lightning safety systems, industrial segment, outdoor equipment, best appliances, lightning rod market research, lightning rod market size,
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