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Lightning Protection Products Market Key Growth Factors 2016 - 2026
Lightning Protection Products Market
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Lightning Protection Products Market: Drivers and Restraints
Lightning protection products market are witnessing maximum growth owing to growing concern of damage to building materials & appliances through direct lightning strikes, expanding number of smart homes through advance technology, provides protection against high voltage spike and current generated through lightning, and increase in demand for customized products. Moreover, growing adoption of lightning protection products among various end user such as water treatment, nuclear power plants, utilities, warehouses, airports, military, residential area, and healthcare along with developing telecommunication facilities and rising pressure from regulatory bodies to protect commercial facilities such as schools, office, healthcare facilities, and many more are some of the factors that can boost the demand for lightning protection products over the forecast period. However, any product defect, stringent government regulations across different regions, and rising industrial standards may hamper the growth of lightning protection products market in near future.
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Lightning Protection Products Market: Segmentation
The lightning protection products market has been classified on the basis of product type, and application.
Based on product type, the lightning protection products market is segmented into the following:
Air Terminals & Adaptors
Conductors
Fittings & Connectors
Grounding Equipment
Surge Protectors
Others (Decorative Items)
Based on application, the lightning protection products market is segmented into the following:
Industrial
Commercial
Residential
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