Earthing Lightning Protection System Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: NVent Erico, OBO Bettermann, DEHN, ABB Furse, Phoenix Contact, Schneider Electric

Registering a CAGR of 10.1% over the forecast period, the market value of Earthing Lightning Protection System is expected to reach US$ 14,000 million in the year 2027.

Earthing Lightning Protection System Market Overview

Extreme weather conditions such as high wind speeds, heavy rainfall, and lightning are becoming more common around the world. Lightning is always destructive because it damages structures and can cause explosions, fires, and electric shock hazards. More than half of the lightning current discharged from the building's protection system rises back into the electrical installation's earthing systems, rendering the building protection system ineffective in protecting the electrical installation. As a result, earthing lightning protection systems should be installed to protect an electrical installation system.

The earthing lightning protection system provides dependable and long-lasting protection for building structures and electronic systems. The components of this system must be chosen by the installers in accordance with the requirements of individual sites. While installing the system, both the mechanical and electrical requirements must be considered and met. This solution has a wide range of applications, including commercial and residential buildings, oil and gas, power generation, renewable energy, and transportation.

The market for earthing lightning protection is expected to grow in the coming years as a result of rising concern about lightning damage to buildings and structures, as well as an increase in the number of smart homes. However, rising industrial standards and stringent government regulations in different regions may limit market growth in the near future.

The report aspects discussed the profile of the top manufacturers of the global Earthing Lightning Protection System market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Earthing Lightning Protection System Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Earthing Lightning Protection System Market?

The global Earthing Lightning Protection System includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include NVent Erico, OBO Bettermann, DEHN, ABB Furse, Phoenix Contact, Schneider Electric, Citel, AN Wallis, Sichuan Zhongguang, VFC, Guangxi Dikai, Gersan Elektrik, Harger Lightning & Grounding, Chengdu Pedaro, Lightning Master and others.

Industry News and Updates:

nVent Introduces Wind Turbine Instant Lightning Registration System

May 20, 2019—nVent Electric plc (NYSE: NVT) ("nVent"), a global leader in electrical connection and protection solutions, has launched the nVent ERICO Lightning Registration System, which records and instantly reports the occurrence and severity of a strike experienced by onshore and offshore wind turbines.

What are the major Applications, Types, and Regions for the Earthing Lightning Protection System Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Lighting Protection System


• Earthing System


• Others

By Application, it is segmented into

• Building


• Factories


• Communication


• Electric Power


• Transportation


• Oil and Gas


• Others

Earthing Lightning Protection System Market Regional Analysis

The Asia Pacific region will have the largest market share due to rapid urbanization and a growing preference for voltage-sensitive home automation technologies. The earthing lightning protection system market will be dominated by North America and Europe. Rising demand for electronic devices, rising safety standards, and increasing home automation technologies are some of the factors driving the market growth. The Middle East and Africa, as well as Latin America, are expected to have a lower share than other regions.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Earthing Lightning Protection System Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Earthing Lightning Protection System Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Earthing Lightning Protection System Market report scope?

Scope of the Report covers Earthing Lightning Protection System Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Earthing Lightning Protection System Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Earthing Lightning Protection System Report

• Evaluate Earthing Lightning Protection System market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Earthing Lightning Protection System market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Earthing Lightning Protection System Market is studied from 2017 - 2027.

What is the growth rate of the Earthing Lightning Protection System Market?

The Earthing Lightning Protection System Market is growing at a CAGR of 10.1% over the next 5 years.

Who are the key players in Earthing Lightning Protection System Market?

NVent Erico, OBO Bettermann, DEHN, ABB Furse, Phoenix Contact, Schneider Electric, Citel, AN Wallis, Sichuan Zhongguang, VFC, Guangxi Dikai, Gersan Elektrik, Harger Lightning & Grounding, Chengdu Pedaro, Lightning Master

What regions does this Earthing Lightning Protection System Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Earthing Lightning Protection System Market?

Lighting Protection System, Earthing System, Others

What are the major end-use applications of Earthing Lightning Protection System Market?

Building, Factories, Communication, Electric Power, Transportation, Oil and Gas, Others

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