Home / Blog
Global Earthing Lightning Protection System Market Size Is Estimated To Grow From USD 9006.6 Million In 2018
Monday, 22 Jun, 2020
Earthing Lightning Protection System includes external lightning protection and internal Lightning protection.

The Earthing Lightning Protection System market size is estimated to grow from USD 9006.6 million in 2018 to USD 11241.6 million by 2024, at a CAGR of 3.76%. The base year considered for the study is 2018 and the market size is projected from 2014 to 2024.

This sales market has witnessed growth owing to increased usage in building and communication applications. Increased investment in Earthing Lightning Protection System technology by leading players is expected to favorably impact market growth over the forecast period.

Asia Pacific is expected to be the fastest growing market over the forecast period owing to extensive usage in the communication and building field. This can primarily be attributed to the considerable Chinese market, which contributes significantly to global volume as well as revenue generation. Although average selling prices are lower in Asia Pacific, high demand is expected to result in sizable market revenue over the next six years.

2. Market 

Globally, the Earthing Lightning Protection System industry market is low concentrated as the manufacturing technology of Earthing Lightning Protection System is relatively matures. And some enterprises, like nVent Erico, OBO Bettermann, DEHN, etc. are well-known for the wonderful performance of their Earthing Lightning Protection System. At the same time, Asia-Pacific, occupied 48% sales market share in 2018, is remarkable in the global Earthing Lightning Protection System industry.

The consumption of Earthing Lightning Protection System is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Earthing Lightning Protection System industry may not keep that fast. But it is surely forecasted that the market of Earthing Lightning Protection System is still promising. 

The business model in the industry is mainly based on direct sales and distribution. Conventional Earthing Lightning Protection System are usually sold through distributors; unconventional Earthing Lightning Protection System are usually sold in direct sales and are individually designed and produced for different inspection purposes, environments and precision requirements.

3. Types & Application

On the basis of type, the Earthing Lightning Protection System market has been segmented into Lightning Protection System, Earthing System and others. The Others (Electronic Systems Protection) segment is estimated to register the highest CAGR, in terms of value, of the overall Earthing Lightning Protection System market. The growth of the Lightning Protection System segment is expected to continue during the forecast period due to the increasing demand for building and communication applications. 

On the basis of application, the Earthing Lightning Protection System market has been segmented into Building, Factories, Communication, Electric Power, Transportation, Oil & Gas and others. The Building segment is projected to dominate the Earthing Lightning Protection System market during the forecast period. The dominance of the Building segment can be attributed to the increasing usage of Earthing Lightning Protection System.