Global Lightning Rod Market 2017-2021

Global lightning rod market forecasts

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.

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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.

Competitive landscape and key vendors

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 

• Pentair
• A.N. Wallis
• Alltec

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. 

Segmentation by end-user and analysis of the lightning rod market

• Commercial
• Industrial
• Residential

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. 

Geographical segmentation and analysis of the lightning rod market

• Americas
• APAC
• EMEA

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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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global lightning rod market?
• What are the key market trends impacting the growth of the global lightning rod market?
• What are the challenges to market growth?
• Who are the key vendors in the global lightning rod market?
• What are the market opportunities and threats faced by the vendors in the global lightning rod market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global lightning rod market?

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