DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Lightning Protection Systems Market 2017-2021" report to their offering.
The report forecasts that the global lighting protection systems market to grow at a CAGR of 5.14% during the period 2017-2021.
Global Lighting Protection Systems 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 operating in this market.
The latest trend gaining momentum in the market is rising number of smart homes. Smart homes and buildings are equipped with automated features that enable occupants to remotely control devices and electronics. Smart homes include various networks that encompass communications, security, entertainment, and information technology. With increasing number of sensitive and smart appliances in the residential sector, it is expected to trigger the demand for lightning protection systems for safety purposes. Increasing security needs and changing lifestyles have contributed to the growth of smart homes market globally.
One of the major drivers for this market is strong demand from commercial end-users. Commercial end-users include buildings such as office buildings, educational institutions, shopping malls, churches, museums, aircraft, telecom towers, and hospitals. Lightning strikes can damage walls and concrete, as well as create fire accidents. This results in economic losses in terms of insurance claims, fire damage, destruction of equipment, and production losses. Owing to the safety regulations by various international safety authorities, owners and builders comply with these standards for lightning protection.
One of the major factors hindering the growth of this market is lack of awareness in developing countries. In developing countries, death and injuries caused by lightning strikes are being largely neglected. A labor-intensive economy, tropical climate, and poor infrastructure have led to lightning-related deaths and injuries in developing countries such as India, South Africa, Bangladesh, and Sri Lanka. The lack of good infrastructure and proper lightning protection systems are the key factors responsible for unexpected deaths and injuries due to lightning in these countries when compared with the developed nations.
- A.N. Wallis & Co
Other prominent vendors:
- East Coast Lightning Equipment
- Kingsmill Industries
- Lightning Master
- Metal Gems
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by technology
Part 07: Market segmentation by end-users
Part 08: Geographical segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/49dnb5/global_lightning