According to the new market research report “Earthing Lightning Protection system – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Earthing Lightning Protection System market size is projected to reach USD 15.08 billion by 2030, at a CAGR of 5.2% during the forecast period.
- Global Earthing Lightning Protection System MarketSize(US$ Million), 2019-2030
Source: QYResearch, “Earthing Lightning Protection system – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Earthing Lightning Protection System TopPlayers Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, “Earthing Lightning Protection system – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Earthing Lightning Protection System include nVent Erico, OBO Bettermann, DEHN, ABB Furse, Phoenix Contact, Schneider Electric, Citel, AN Wallis, Sichuan Zhongguang, VFC, etc. In 2023, the global top five players had a share approximately 19.0% in terms of revenue.
- Earthing Lightning Protection System,Global Market Size, Split by Product Segment
Source: QYResearch, “Earthing Lightning Protection system – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Lightning Protection System is the largest segment, hold a share of 54.7%.
- Earthing Lightning Protection System,Global Market Size, Split by ApplicationSegment
Source: QYResearch, “Earthing Lightning Protection system – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Building is the largest segment, hold a share of 28.9%.
Market Drivers:
Increasing Infrastructure Development: The rapid growth of residential, commercial, and industrial infrastructure globally heightens the need for effective lightning protection systems to safeguard buildings and equipment.
Restraint:
Lack of Awareness in Developing Regions: In some developing regions, there is limited awareness and understanding of the importance of lightning protection, which can hinder market growth.
Opportunity:
Expansion of Telecom and Data Centers: The proliferation of telecom infrastructure and data centers, which require reliable protection against lightning strikes, offers significant market potential.
About The Authors
Kang Qi – Lead Author
Email: kangqi@qyresearch.com
Kang Qi is a technology & market senior analyst specializing in industrial equipment. He is engaged in the development of technology and market reports and is also involved in custom projects.
About QYResearch
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