Global Lightning Rod Market Analysis and Key Insights on Factors and Trends during 2017 – 2022

Lightning is one of the natural most destructive and powerful phenomena that causes major problems to various industries such as buildings destruction, and damage critical electronic systems. To overcome these issues, companies are developing novel lightning protection products to serve consumer needs. One of the main components of lightning protection products systems are rods, which are gaining huge momentum in the present market. Market Research Hub (MRH) has freshly broadcasted a new study to its vast archive, which is titled as “Global Lightning Rod Market Research Report 2017-2022 by Players, Regions, Product Types & Applications”. The main motive of the study is to provide an in-depth analysis of the market trends, factors in the current market along with industry growth prospects from 2012 to 2017, and forecast to 2022. To provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Japan, Asia Pacific, Southeast Asia, North America, and Latin America.

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A lightning rod is very simple and a pointed metal rod attached to the roof of a building. It is better to say that lightning rods provide a low-resistance path to ground that can be used to conduct the enormous electrical currents when lightning strikes occur. The system has the ability to handle the enormous electrical current associated with the strike. Currently, the majority of the manufacturers in the market are observing to the safety standards provided by various international, national, and regional organizations. This provides customers the safety assurance for installing lightning rods. This leads to increased adoption for lightning rods in the market, thus driving market growth.

According to the latest findings, the global lightning rod market has showcased significant growth over the past few years and is anticipated to generate substantial revenue in future till 2021. Also, the CAGR is also anticipated to surge rapidly at an impressive rate throughout the forecast period. It has been analyzed that increasing urbanization, demand for technically advanced lightning protection products, and rising adoption of photovoltaic are some of the factors that can accelerate the market revenue growth of lightning rod during the forecast period.

Further, the report focuses on the market segmentation by type, shape and application or key consumers. Key consumers of lightning rod market are City Building, Lightning Protection Facilities, Equipment Room and Others. Based on type, the market has been segmented into straight lightning rod, special lightning rod and pre-discharge lightning rod.  The shape of the lighting rod can be varied into needle shape, spherical, band shape and others.

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As the report concludes, facts and examinations about the key vendors are offered. Key players available in this market include LPS France (France), Siemens (Germany), ECLE (US), Yokogawa (Japan), Thompson Lightning Protection (US), XDXC (China), Shihlin Electric (China Taiwan), OBO (Germany), PHOENIX (Germany), ETA (China), ABB (Switzerland) and DEHN (Germany).

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This release was published on openPR.