Albany, NY -- (SBWIRE) -- 01/13/2017 -- About Lightning Rods

A lightning strike carries around 100 million volts of electricity and up to 100,000 amperes of current. Hence, lightning protection systems are critical to ensuring the safety of people and infrastructure. Lightning rods are an important component of any lightning protection system. This metallic rod serves as the initial point of lightning strike. The global market for lightning rods is expected to be driven by the increasing demand from industrial end-users such as power plants, manufacturing plants, and oil and gas plants. The increasing consumption of lightning rods in commercial buildings due to the increasing use of sensitive, smart devices is another key factor driving the growth of the market.

Technavios analysts forecast the global lightning rod market to grow at a CAGR of 7.98% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global lightning rod market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of lightning rods at the manufacturer level.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Lightning Rod Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Pentair
A.N. Wallis
Alltec

Other prominent vendors
East Coast Lightning Equipment
Harger Lightning & Grounding
Kingsmill Industries
Lightning Protection International
Metal Gems
OBO Bettermann
Robbins Lightning
Thompson Lightning Protection

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Market driver
Adherence to lightning protection safety standards
For a full, detailed list, view our report

Market challenge
Lack of awareness in developing countries
For a full, detailed list, view our report

Market trend
Introduction of lightning rods with decorative motifs
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

Table of Contents

PART 01: Executive summary
PART 02: Scope of the report
Market overview
Vendor segmentation
Common currency conversion rates
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Overview
Market size and forecast by revenue
Five forces analysis
PART 06: Market segmentation by end-user
Overview
Global lightning rod market for industrial end-users
Global lightning rod market for commercial end-users
Global lightning rod market for residential end-users
Segmentation summary
PART 07: Geographical segmentation
Overview
Lightning rod market in Americas
Lightning rod market in EMEA
Lightning rod market in APAC
Segmentation summary
PART 08: Market drivers
Adherence to lightning protection safety standards
High cost of lightning strike damages
Increasing construction activities
PART 09: Impact of drivers
PART 10: Market challenges
Concerns about corrosion
Need for frequent maintenance

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