Press release
Global Lightning Protection Technologies Market Portrays High-End Demand across Major Geographies during 2018-2028 // MTL Instruments Group, Lightning Protection International Pty Ltd., and K.M.L.Technology Co., Ltd
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The three types of modern lightning protection technologies are Early Streamer Emitter (ESE), Charge Transfer System (CTS), and Dissipation Array System (DAS). Conventional lightning protection technologies and early streamer emitter have a common aspect that they attract lightning. The charge transfer system has an entirely different approach. Instead of attracting lightning, this system discourages it and prevents the formation of lightning strikes in the protected area. The dissipation array system is different from other lightning protection technologies as it is only available for commercial purposes. This system creates a zone of protection that safeguards the area against lightning strikes.
Global Lightning Protection Technologies Market: Drivers and Challenges
The growing concern for damage to appliances and building materials through direct lightning strikes is one of the major factors driving the growth of the lightning protection technologies market. The growing adoption of lightning protection technologies or products among various end users such as airports, nuclear power plants, warehouses, water treatment plants, and healthcare facilities is anticipated to boost the demand for lightning protection technologies during the forecast period.
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Due to rising urbanization, there is a growing demand for connectivity across the globe, which increases the demand for telecom towers. As telecom towers are one of the major end users of lightning protection technologies, the market is poised to grow subsequently. However, any rising industrial standards, stringent government regulations across different regions, or any product defects can hamper the growth of lightning protection technologies in the near future.
Key Vendors
Examples of some of the market participants in the global lightning protection technologies market identified across the value chain include Alltec Corporation, A. N. Wallis & Co Ltd., Fatech Electronic Co., Ltd., Harger, Inc., NexTek, Inc., AXIS Electrical Components Pvt. Ltd., DEHN, Pentair Plc., MTL Instruments Group, Lightning Protection International Pty Ltd., and K.M.L.Technology Co., Ltd.
Global Lightning Protection Technologies Market: Regional Outlook
The lightning protection technologies market can be segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa.
North America dominates the lightning protection technologies market owing to the developed telecommunications, wireless sector, and advanced technologies. Europe is anticipated to hold the second largest market share of the lightning protection technologies market owing to high usage of electronic components in houses as well as commercial places. APEJ is anticipated to show huge potential and substantial growth in the lightning protection technologies market in terms of rapid urbanization, growing safety standards, rising demand of electronic products, and rise in awareness among people. Thus, due to the above factors, lightning protection technologies market strengthens over the forecast period.
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