Lightning Protection Systems Market by Technology, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44937
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The lightning protection systems market has the potential to grow by USD 97.36 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.05%.

This lightning protection systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (conventional lightning protection systems and unconventional lightning protection systems), geography (APAC, Europe, North America, MEA, and South America), and end-user (commercial, residential, and others). The lightning protection systems market report also offers information on several market vendors, including A.N. Wallis & Co. Ltd., ABB Ltd., ALLTEC LLC, DEHN SE + Co KG, Harger Lightning & Grounding, LBA Group, Inc., LightningMaster Corp., NexTek Inc., nVent Electric Plc, and OBO BETTERMANN Holding GmbH & Co. KG among others.

What will the Lightning Protection Systems Market Size be in 2021?

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Lightning Protection Systems Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The demand from the telecom industry is notably driving the lightning protection systems market growth, although factors such as lack of awareness in developing countries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lightning protection systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This lightning protection systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Lightning Protection Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A.N. Wallis & Co. Ltd.
  • ABB Ltd.
  • ALLTEC LLC
  • DEHN SE + Co KG
  • Harger Lightning & Grounding
  • LBA Group, Inc.
  • LightningMaster Corp.
  • NexTek Inc.
  • nVent Electric Plc
  • OBO BETTERMANN Holding GmbH & Co. KG

 

This statistical study of the lightning protection systems market encompasses successful business strategies deployed by the key vendors. The lightning protection systems market is fragmented and the vendors are deploying growth strategies such as forming strategic alliances to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lightning protection systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Lightning Protection Systems Market?

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36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the lightning protection systems market in APAC. Market growth in this region will be slower than the growth of the market in North America, South America, and MEA regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Lightning Protection Systems Market?

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The lightning protection systems market share growth by the conventional lightning protection system segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the lightning protection systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 2.05%

Regional analysis

APAC, Europe, North America, MEA, and South America

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A.N. Wallis & Co. Ltd., ABB Ltd., ALLTEC LLC, DEHN SE + Co KG, Harger Lightning & Grounding, LBA Group, Inc., LightningMaster Corp., NexTek Inc., nVent Electric Plc, and OBO BETTERMANN Holding GmbH & Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Lightning Protection Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive lightning protection systems market growth during the next five years
  • Precise estimation of the lightning protection systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the lightning protection systems industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of lightning protection systems market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Lightning Protection Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.05%

Market growth 2021-2025

$ 97.36 million

Market structure

Fragmented

YoY growth (%)

1.43

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A.N. Wallis & Co. Ltd., ABB Ltd., ALLTEC LLC, DEHN SE + Co KG, Harger Lightning & Grounding, LBA Group, Inc., LightningMaster Corp., NexTek Inc., nVent Electric Plc, and OBO BETTERMANN Holding GmbH & Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The lightning protection systems market growth will increase by $132.67 million during 2019-2024.
The lightning protection systems market is expected to grow at a CAGR of 2.55% during 2019-2024.
Technavio has segmented the lightning protection systems market by technology (Conventional lightning protection systems and Unconventional lightning protection systems) ,end user (Commercial, Residential, and Others) , and geographic (APAC, Europe, North America, MEA, and South America).
A.N. Wallis & Co. Ltd., ABB Ltd., ALLTEC LLC, DEHN SE + Co KG, Harger Lightning & Grounding, LBA Group, Inc., LightningMaster Corp., NexTek Inc., nVent Electric Plc, OBO BETTERMANN Holding GmbH & Co. KG are a few of the key vendors in the lightning protection systems market.
APAC will register the highest growth rate of 47.64% among the other regions. Therefore, the lightning protection systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the lightning protection systems market growth are:
  • Strong demand from commercial end-users
The lightning protection systems market vendors should focus on grabbing business opportunities from the conventional lightning protection systems segment as it accounted for the largest market share in the base year.
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