"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Earthing Lightning Protection System market size, share & industry analysis, By Type (Lighting Protection System, Earthing System), By Application (Commercial and Residential, Oil and Gas, Power Generation, Renewable Energy, Transportation, Others) and regional forecast 2021-2028

Region : Global | Report ID: FBI103732 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Extreme weather conditions like high wind speeds, heavy rainfall and lightning are on rise across the world. The consequences of lightning is always devastating as it damages the structures, as well as may create explosion, fire, and electric shock hazards. More than 50% of the lightning current discharged from the building’s protection system, rises back into the earthing systems of the electrical installation.  Thus, the building protection system becomes incapable to protect the electrical installation. Therefore, earthing lightning protection systems should be implemented to provide protection to an electrical installation system.


The earthing lightning protection system delivers reliable, and long-lasting protection for structures and electronic systems seized within the building structure. The installers of this system need to choose the components in accordance with the requirements of individual sites. The mechanical requirements as well as the electrical criteria need to be considered and complied while installing the system. This solution has wide application in the commercial and residential buildings, oil and gas, power generation, renewable energy and transportation areas.


The market for earthing lightning protection is expected to excel in the coming years owing to growing concern of damage that would cause by lightning to building or structure, rising number of smart homes. However, rising industrial standards and stringent government regulations across regions may limit the growth of the market in near future.


Key Market Driver -

• Growing concern of damage by lightning to building or structure to drive the market • Rising smart home projects to fuel the market growth

Key Market Restraint -

• Stringent government regulations across the region may hamper the market growth


Key Players Covered:


Companies like ABB, Thorne & Derrick Among Others Continuously Strives to Provide Better and Safety Solutions


The main aim of companies operating in this market is to provide best safety product to industrial, commercial and technical customers across the world. The companies adhere to the standards require to develop this system to provide the highest level of safety available. The key players follow organic and inorganic growth strategies to stay competitive in the market.


Regional Analysis


To gain extensive insights into the market, Request for Customization


The Asia Pacific region to hold maximum share in the market owing to rapid growth in urbanization, and growing preference for voltage sensitive home automation technologies. North America and Europe to hold significant share in the earthing lightning protection system market. Growing demand for electronic devices, rising safety standards, and increasing home automation technologies are some of the factors propelling the growth of the market. The Middle East & Africa and Latin America is projected to show relatively less share as compared to other regions.


Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • Lighting Protection System

  • Earthing System



By Application




  • Commercial and Residential

  • Oil and Gas

  • Power Generation

  • Renewable Energy

  • Transportation

  • Others



By Geography




  • North America (The US and Canada)

  • Europe (The UK, Germany, France, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • June 2018 — The electrical department of Kolkata, India installed lighting protection system at many major parks in the state owing to frequent incidence of lightning which has caused the death of many people in the state.

  • April 2016 — ABB launched QuickSafe, a next-generation surge protection device (SPD) to protect critical installations of hospitals, data centres, and banks from damage caused by surges in the power supply


Earthing Lightning Protection System market  Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

Dow_Chemical_logo

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X