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Lightening Protection Products Market Size, Growth, Trends, and Industry 2030

Lightening Protection Products Market is anticipated to reach US$ 8.08 Bn by 2030 from US$ 5.37 Bn in 2023 at a CAGR of 6% during a forecast period.

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Lightening Protection Products Market Size, Growth, Trends, and Industry 2030

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  1. LIGHTENING PROTECTION PRODUCTS MARKET GLOBAL ANALYSIS REPORT 2024-2030 Published by: Kadambari Jedhe

  2. Market Size & Overview: The global lightning protection products market is projected to grow from USD 5.37 billion in 2023 to USD 8.08 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6% during the forecast period. This growth is driven by the increasing reliance on electronic systems across various industries and the rising need to safeguard these systems from lightning-induced failures. Governments worldwide are implementing regulations mandating the use of lightning protection systems, particularly in public infrastructures like schools and hospitals,to ensure safety.

  3. Market Growth & Opportunities The market is experiencing significant expansion due to the proliferation of advanced technologies such as artificial intelligence (AI), robotics, and the Internet of Things (IoT), which are susceptible to lightning-related damages. Industries' growing dependence on electronic systems necessitates robust protection measures, thereby fueling demand for lightning protection products. Additionally, the cost-effectiveness and ready availability of these products contribute to their widespread adoption across various sectors. Sample Request

  4. Market Segmentation by Product by End Use • Air terminals& adopters • Building and Factories • Grounding • Electric Power • Surge suppression • Transportation • Conductors • Oil and Gas • Bases • Others by Application • Industrial • Residential • Commercial

  5. Regional Analysis: ▪ North America: Holding a significant market share of approximately 39.1% in 2024, North America's dominance is attributed to stringent building codes and regulations that mandate the installation of lightning protection systems across commercial, industrial, and residential infrastructures. The presence of key manufacturers further strengthens the region's market position. ▪ Europe: The European market is characterized by strict directives and legislation regarding lightning protection, particularly in countries like Germany and the United Kingdom. The emphasis on safeguarding power plants, telecommunications installations, and historic structures drives the demand for advanced lightning protection solutions in this region. ▪ Asia-Pacific (APAC): Emerging as the fastest-growing regional market, APAC's expansion is fueled by rapid urbanization and substantial investments in infrastructure development in countries such as China and India. The increasing construction of industrial facilities, communication towers, implementationof effectivelightningprotectionsystems to mitigate potential risks. and smart cities necessitates the

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

  7. Merges and Acquisition ABB Ltd. acquired Thomas & Betts to strengthen its position in electrical protection solutions,expandingits portfolio in the lightning protection sector. nVent Electric Plc acquired Erico Global Company, a leading provider of grounding and lightning protection solutions, enhancing its market presence. Harger Lightning & Grounding was acquired by Southwire Company, boosting Southwire’s capabilities in grounding and lightning protectionproducts. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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