Lightning Protection System for Building Market size was valued at USD 4.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.1% from 2026 to 2033, reaching USD 7.2 Billion by 2033.
The global Lightning Protection System for Building Market was valued at approximately USD 3.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. This growth is driven by the increasing need for safety measures in buildings, particularly in regions prone to thunderstorms and lightning strikes. North America and Europe have historically accounted for a large share of the market due to stringent building codes and the presence of major infrastructure projects. In 2022, North America contributed about 35% of the total market share, driven by demand for both residential and commercial lightning protection systems. Furthermore, the Asia Pacific region is projected to witness significant growth at a CAGR of 7.3% during the forecast period, owing to rapid urbanization and infrastructure development in countries like China, India, and Japan. In terms of regional opportunities, the Middle East and Africa (MEA) region is expected to present lucrative growth potential in the coming years. With increasing construction activities and the development of high rise buildings, the demand for lightning protection systems is anticipated to rise. By 2030, the MEA market is forecasted to grow at a CAGR of 7.5%, reaching an estimated value of USD 1.2 billion. Latin America is also witnessing a steady increase in demand, particularly in countries such as Brazil and Mexico, where economic growth is driving investments in infrastructure projects. Overall, the global markets regional dynamics highlight robust growth opportunities in developing regions, fueled by both new constructions and retrofitting of existing buildings.
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NVent Erico
OBO Bettermann
DEHN
ABB Furse
Phoenix Contact
Schneider Electric
Citel
AN Wallis
Sichuan Zhongguang
VFC
Guangxi Dikai
Gersan Elektrik
Harger Lightning & Grounding
Chengdu Pedaro
Lightning Master
Siemens
ECLE
NEMA
EC&M
Erico
Eaton
Emerson Electric
GE Industrial Solutions
A. Harfield Ltd
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Lightning Protection System for Building Market
Air Terminals (Lightning Rods)
Conductors
Grounding Systems
Surge Protection Devices (SPDs)
Connector Accessories
Conventional Lightning Protection Systems
Early Streamer Emission Systems
Static Electricity Discharge Systems
Integrated Lightning Protection Systems
Residential Buildings
Commercial Buildings
Industrial Facilities
Government and Institutional Buildings
New Construction Installations
Retrofitting Existing Buildings
Maintenance and Inspection Services
Construction Companies
Facility Management Services
Government Agencies
Insurance Companies
Consulting Engineering Firms
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Lightning Protection System for Building Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Lightning Protection System for Building Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Lightning Protection System for Building Market, By Type
6. Global Lightning Protection System for Building Market, By Application
7. Global Lightning Protection System for Building Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Lightning Protection System for Building Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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