A lightning strike carries around 100 million volts of electricity and up to 100,000 amperes of current. Hence, lightning protection systems are critical to ensuring the safety of people and infrastructure. Lightning rods are an important component of any lightning protection system. This metallic rod serves as the initial point of lightning strike. The global market for lightning rods is expected to be driven by the increasing demand from industrial end-users such as power plants, manufacturing plants, and oil and gas plants. The increasing consumption of lightning rods in commercial buildings due to the increasing use of sensitive, smart devices is another key factor driving the growth of the market.
Technavio’s analysts forecast the global lightning rod market to grow at a CAGR of 7.98% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global lightning rod market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of lightning rods at the manufacturer level.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Lightning Rod Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Pentair - A.N. Wallis - Alltec
Other prominent vendors - East Coast Lightning Equipment - Harger Lightning & Grounding - Kingsmill Industries - Lightning Protection International - Metal Gems - OBO Bettermann - Robbins Lightning - Thompson Lightning Protection
Market driver - Adherence to lightning protection safety standards - For a full, detailed list, view our report
Market challenger - Lack of awareness in developing countries - For a full, detailed list, view our report
Market trend - Introduction of lightning rods with decorative motifs - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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