Global Lightning Protection Technologies (LPT) Industry

Global Lightning Protection Technologies (LPT) Industry

  • October 2022 •
  • 527 pages •
  • Report ID: 5961434 •
  • Format: PDF

What’s New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Complimentary updates for one year

Global Lightning Protection Technologies (LPT) Market to Reach $1.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Lightning Protection Technologies (LPT) estimated at US$833.6 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at aCAGR of 4.8% over the period 2020-2027. Conventional, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$734 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Unconventional segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $160.5 Million, While China is Forecast to Grow at 6% CAGR
The Lightning Protection Technologies (LPT) market in the U.S. is estimated at US$160.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$224.2 Million by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 119 Featured)
A. N. Wallis & Co Ltd. Alltec Corporation AXIS Electrical Components Pvt. Ltd. Fatech Electronic Co., Ltd. K.M.L. Technology Co., Ltd. Lightning Eliminators & Consultants, Inc. Lightning Protection International Pty Ltd. Littelfuse, Inc. MTL Instruments Group NexTek, Inc. nVent Electric plc PT. Zeus Prima Garda