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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Lightning Protection Technologies (LPT) market. Market segmentation includes Technology (Conventional, Unconventional), and End-Use (Commercial, Residential, Industrial).

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24 November 3:44 a.m., Silicon Valley, California - According to the new market research report, the global market for Lightning Protection Technologies is projected to grow at a CAGR of 4.8% to reach US$1.2 billion by 2027, driven by advancements in electrical systems and anticipated increase in construction of high-rise buildings and tall structures. The global Lightning Protection Technologies market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Conventional LIT Technology, one of the segments analyzed and sized in this study, is forecast to grow at over 5.2% and reach a market size of US$734 million by the end of the analysis period. The United States is forecast to readjust to a 4.5% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$39.6 million growing at a CAGR of 2% over the next couple of years. In addition, over US$11.4 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Conventional segment will reach a market size of US$49.8 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Conventional segment in this country against this backdrop will grow at a CAGR of 4% over the next couple of years to create an addressable market opportunity worth US$150.9 million by the year 2027.

Rapid industrialization and urbanization globally have resulted in emergence of tall structures that are exposed to lightning due to the presence of various conductors, requiring effective protection from lightning. The market growth is favored by stringent regulations for public services and ongoing advancements in the telecom sector along with expansion of the telecommunication infrastructure. Lightning strikes can damage appliances and building materials, creating strong demand for protection products. In addition, the need to protect smart homes from high current and voltage spikes due to lightning is expected to further bolster the demand for lightning protection systems. These products are anticipated to find increasing acceptance across different end-user segments like utilities, water treatment plants, warehouses, nuclear power units, military, airports, residential areas and healthcare facilities. The adoption is favored by development of telecommunication facilities coupled with mounting regulatory pressure for protecting commercial facilities like offices, schools and healthcare units. Deployment of lightning protection systems in commercial units is likely to be one of the prominent trends driving the global market.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 7499. Among this pool, 1052 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 223 unique participations, a total of 101 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Huawei Technologies Co., Ltd.
Apple, Inc.
ASUSTeK Computer, Inc.
Amazon.com, Inc.
HTC Corporation
Acer, Inc.
ARCHOS SA
HP, Inc.
Lava International Ltd.
Best Tablet Company
CHUWI, Inc.

Segments Covered in the Report -
Technology (Conventional, Unconventional)
End-Use (Commercial, Residential, Industrial)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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