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Lightning Protection Technologies (LPT) - Global Strategic Business Report

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    Report

  • 527 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2228042

Global Lightning Protection Technologies (LPT) Market to Reach $1.4 Billion by 2030

The global market for Lightning Protection Technologies (LPT) estimated at US$936 Million in the year 2023, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030.

Conventional LPT, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$874.6 Million by the end of the analysis period. Growth in the Unconventional LPT segment is estimated at 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $179.1 Million, While China is Forecast to Grow at 5.9% CAGR

The Lightning Protection Technologies (LPT) market in the U.S. is estimated at US$179.1 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$271.3 Million by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 119 Featured)

  • Bourns, Inc.
  • API Technologies Corporation
  • APC by Schneider Electric
  • HUBER+SUHNER AG
  • INAEL Electrical Systems SA (INAEL)
  • Alltec LLC
  • Clearline Protection Services (Pty) Ltd.
  • DEHN SE + Co KG
  • Fatech Electronic (Foshan) Co., Ltd.
  • Harger Lightning & Grounding
  • INGESCO
  • Elemko SA
  • Cirprotec SL
  • Ennov Infra Solutions Private Ltd.
  • Exar Industries

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • An Introduction to Lightning Protection Technologies
  • Components of Lightning Protection System
  • Types of Lightning Protection Systems
  • Building Codes & Standards for Lightning Protection Systems
  • Major End-Markets for Lightning Protection Systems
  • Lightning: A Spectacular yet Destructive Natural Phenomenon
  • Key Lightning Facts
  • Global Lightning Protection Technologies - Growth Drivers and Challenges in a Nutshell
  • Global Lightning Protection Systems Market to Exhibit Long Term Growth
  • Recent Market Activity
  • Pressing Need to Mitigate & Manage Lightning Strike Risks
  • Market to be Driven by Increased Demand for LPT Installation in Commercial Facilities
  • Comprehensive Solution and Improved End-User Experience to Drive Market
  • Market Challenges
  • Ignorance of Lightning Protection: Major Restraint in Developing and Under Developed Countries
  • Installation and Functionality of LPT: Core Areas of Consideration
  • Sluggish Technological Advancements Restraining LPT Market
  • Lack of Harmonization in LPT Standards Leads to Obscurity and Uncertainty
  • LPT Efficacy Data Empirical Rather Than Scientific
  • Lightning Protection Technologies (LPT) - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Construction Activity: A Key Demand Determinant
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Growth in Smart Home Numbers Drive the Need for Lightning Protection Solutions
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Global Smart Homes Market by Category for the Years 2020 and 2022
  • Growing Population & Urbanization Trend Influence Market Prospects
  • Opportunity Indicators
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Relevance of Lightning Protection in Industrial Facilities
  • Opportunities in Commercial Buildings
  • Next-Generation Lightning Protection with Lasers
  • Aircraft Industry: A Prominent Consumer of LPTs
  • Rising PV Installations Up the Demand for LPTs
  • Innovative LPT Crucial to Combat Petrochemical Tank Fires
  • LPT Providers Benefit from Rising Demand for Wind Energy
  • Wireless Antenna Industry Drives Demand for LPT
  • Lightning Protection Standards and Guidelines
  • Global Lightning Protection Codes and Standards
  • A Regional Overview
  • Standards for Design, Installation and Maintenance of Lightning Protection Systems (LPS) in Select Countries Worldwide
  • Certification Process
  • LPI Certified Designers & Installers
  • International Lightning Protection Association (ILPA)
  • FAA Lightning Protection Standards
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Lightning Protection Technologies (LPT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Lightning Protection Technologies (LPT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Lightning Protection Technologies (LPT) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Conventional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Conventional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Conventional by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Unconventional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Unconventional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Unconventional by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Lightning Protection Technologies (LPT) Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Lightning Insurance Reimbursement Scenario
  • US Insurance Payouts by Number of Claims and Insured Lightning Losses: 2010-2019
  • Assessment of Life and Property Damage by Lightning Fires in the US
  • Lightning Deaths in the US by State (2010-2019): Percentage Breakdown of Number of Lightening Deaths for Alabama, Arizona, Colorado, Florida, Missouri, Texas and Others
  • Urbanization Brings Down Lightning Fatalities
  • Lightning Death Statistics in the US
  • Lightning Fatalities in the US by Type of Activity (2010-2019): Percentage Breakdown of Lightning Deaths for Camping, Gathering, Hiking, At-Home, Riding, Sports, Walking, Water-Related and Others
  • Lightning Fatalities in the US by Type of Sport (2010-2019): Percentage Breakdown of Number of Deaths for Baseball, Football, Golf, Running and Soccer
  • Lightning Fatalities in the US by Type of Outdoor Activity (2010-2019): Percentage Breakdown of Number of Deaths for Agricultural Activities, Construction Work, Law Enforcement/Military, Lawn Mowing, Roofing and Others
  • US Lightning Fatalities during Work and Daily Routine by Gender (2010-2019): Percentage Breakdown of Lightning Deaths for Females and Males
  • Lightning Protection Standards Drive Growth
CANADA
JAPAN
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Lightning Protection Standard in Japan (JIS A4201)
CHINA
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Overview of Lightning Incidences and Economic Damages in China
EUROPE
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Lightning Protection Standards Drive Demand in Europe
  • Standards for Design, Installation and Maintenance of Lightning Protection Systems (LPS) in Select European Countries
FRANCE
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Asia-Pacific to Power Growth of Global Lightning Protection Technologies Market
  • Asia-Pacific Standards for Design, Installation and Maintenance of Lightning Protection Systems (LPS) in Select Asian Countries
AUSTRALIA
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Urban Constructions to Drive Demand for Lightning Protection Systems
  • Deaths in India by Type of Natural Calamity (2011, 2013, 2018 & 2019): No. of Deaths Caused Due to Cyclones, Earthquakes, Floods, Heatstroke, and Lightning
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Tall Building Structures Drive Demand for Lightning Protection in Middle East
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Lightning Protection Technologies (LPT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
  • South Africa: More Lightning Deaths than Elsewhere in the World
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bourns, Inc.
  • API Technologies Corporation
  • APC by Schneider Electric
  • HUBER+SUHNER AG
  • INAEL Electrical Systems SA (INAEL)
  • Alltec LLC
  • Clearline Protection Services (Pty) Ltd.
  • DEHN SE + Co KG
  • Fatech Electronic (Foshan) Co., Ltd.
  • Harger Lightning & Grounding
  • INGESCO
  • Elemko SA
  • Cirprotec SL
  • Ennov Infra Solutions Private Ltd.
  • Exar Industries