Lightning Protection Products Market Size & Share, Product Type (Air Terminals and Adaptors, Conductors, Fittings and Connectors, Grounding Equipment, Surge Protectors); Application; End use - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

  • Report ID: 7340
  • Published Date: Mar 18, 2025
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Lightning Protection Products Market size was valued at USD 5.2 billion in 2024 and is projected to reach USD 14.1 billion by the end of 2037, rising at a CAGR of 8% during the forecast period, i.e., 2025-2037. In 2025, the lightning protection products is evaluated at USD 5.6 billion. 

The global lightning protection products market is experiencing rapid growth owing to the increasing development of infrastructure. Rapid urbanization and the proliferation of smart city initiatives have led to a surge in the construction of residential, commercial, and industrial buildings. This expansion necessitates the integration of effective lightning protection measures to ensure the safety and longevity of these infrastructures. An example highlighting this is the proposal to install lightning protection measures in the world's longest electric vehicle highway, the Atal Harit Vidyut Rashtriya Mahamarg (AHVRM), 2022.

Moreover, the global shift towards renewable energy sources, such as wind and solar power, has led to the development of extensive energy infrastructures. These installations are particularly susceptible to lightning strikes, which highlights the need for robust protection systems to ensure operational continuity.  For instance, in February 2025, Mahanadi Coalfields Limited released an online tender invitation for the supply, installation, and testing of seven Early Streamer Emission (ESE) based lightning arresters at the 2 MW solar power plant at the MCL headquarters.


Lightning Protection Products Market Size
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Lightning Protection Products Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising frequency of lightning strikes due to climate change: Climate change has been linked to an increase in extreme weather events, including thunderstorms. The lightning strikes pose significant risks to structures and electronic systems, prompting a greater emphasis on protective measures. According to a study by the Centers for Disease Control and Prevention 2024, the U.S. reports nearly 40 million lightning strikes every year. The report further states that these increasing lightning strikes in the U.S. led to 444 lightning strike deaths from 2006 to 2021.
  • Stringent safety laws and compliance standards: Governments and regulatory bodies worldwide have implemented rigorous safety standards to protect structures and occupants from lightning-related hazards. Organizations such as the National Fire Protection Association (NFPA), the International Electrotechnical Commission (IEC), and UL have set strict regulations for lightning protection in industries, buildings, and power infrastructure. Compliance with these standards such as NFPA 780 in the U.S. and BS EN 62305 in Europe, is mandatory for various sectors such as aerospace, oil and gas, and telecommunications, boosting demand for advanced lightning protection systems.

Challenges

  • High installation and maintenance costs: Implementing a comprehensive lightning protection system requires significant investment, particularly for large-scale infrastructure projects such as power plants, airports, and industrial facilities. The costs include specialized materials, professional installation, and periodic maintenance to ensure optimal performance. Many businesses may hesitate to adopt these systems due to budget constraints, leading to increased vulnerability to lightning-related damage.
  • Technological limitations and compatibility issues: Despite advancements in lightning protection technology, challenges persist in integrating new solutions with existing electrical and structural systems. Additionally, compatibility with older buildings and infrastructure requires costly modifications, increasing investment costs. The rise in budget may limit the adoption of the lightning protection products technology.

Base Year

2024

Forecast Year

2025-2037

CAGR

8%

Base Year Market Size (2024)

USD 5.2 billion

Forecast Year Market Size (2037)

USD 14.1 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Lightning Protection Products Segmentation

Product Type (Air Terminals and Adaptors, Conductors, Fittings and Connectors, Grounding Equipment, Surge Protectors)

Air terminals and adaptors segment is estimated to account for lightning protection products market share of more than 30% by the end of 2037. Air terminals and adaptors are designed to intercept lightning strikes and safely direct the energy into a grounding network. Air terminals or lightning rods are installed at the highest point of structures to provide a preferred strike point. Additionally, adaptors enhance connectivity between air terminals and conductors, ensuring efficient energy dissipation. These components are essential for protecting buildings, industrial facilities, and critical infrastructure from lightning-related damages.

Application (Electric Power, Building and Factories, Transportation, Oil and Gas

The electric power segment in lightning protection products market is expected to hold a remarkable share through 2037 as lightning protection products play a crucial role in the electric power sector by safeguarding power plants, substations, and transmission networks from lightning-induced failures. Surge protection devices (SPDs) and grounding systems help prevent voltage spikes that can damage transformers and equipment failure, leading to costly repairs. Proper lightning protection ensures grid stability, reducing downtime and enhancing the lifespan of critical infrastructure. As power grids expand, especially with renewable energy integration, demand for advanced lightning protection solutions continues to grow.

Our in-depth analysis of the global lightning protection products market includes the following segments:

Product Type

  • Air Terminals and Adaptors
  • Conductors
  • Fittings and Connectors
  • Grounding Equipment
  • Surge Protectors
  • Others

Application

  • Electric Power
  • Building and Factories
  • Transportation
  • Oil and Gas
  • Others

End use

  • Residential
  • Commercial
  • Industrial

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Lightning Protection Products Industry - Regional Scope

North America Market Analysis

North America in lightning protection products market is projected to capture over 40% revenue share by 2037, due to increasing infrastructure development, strict regulatory standards, and rising extreme-weather events. The region enforces stringent safety codes, such as NFPA 780 and UL 96, which mandate lightning protection for commercial, industrial, and residential buildings. Additionally, the expansion of renewable energy projects, particularly wind and solar farms, has increased the demand for surge protection and grounding systems. With climate change leading to more frequent thunderstorms, industries are prioritizing advanced lightning protection solutions to minimize operational risks and financial losses.

The U.S. lightning protection products market is expanding, owing to rising investments in smart grid infrastructure, advanced telecommunications, and critical industrial facilities. Additionally, federal and state regulations such as OSHA guidelines and IEEE standards are mandating adoption in energy, aviation, and data centers. The market is poised to offer lucrative growth through the estimated period as the National Weather Service highlights the growing number of thunderstorms. The report states that about 16 million thunderstorms happen every year, out of which 100,000 thunderstorms are faced by the U.S. Thus, the increasing frequency of severe thunderstorms and power disruptions has accelerated the demand for surge protection and grounding solutions to ensure operational continuity and safety.

The lightning protection products market is rising rapidly in Canada due to expanding renewable energy projects, especially in wind farms and hydroelectric plants that require robust surge protection. The country’s strict building codes, including the Canadian Electrical Code (CEC) Section 10, mandate proper grounding and lightning protection for industrial and commercial structures. Additionally, increasing investments in remote infrastructure are driving demand for advanced lightning mitigation solutions.  The rising number of thunderstorms necessitates the demand for effective lightning protection products in the country.

Asia Pacific Market Analysis

Asia Pacific is predicted to be the fastest growing lightning protection products market through 2037 due to rapid urbanization, industrial growth, and increasing investments in high-rise buildings and smart infrastructure. Countries such as China, Japan, and India are implementing stricter safety regulations to protect data centers, airports, and transportation networks. Additionally, the region’s high exposure to monsoon and tropical thunderstorms has intensified the need for advanced surge protection and grounding solutions to prevent electrical failures and structural damage.

China’s lightning protection products market is growing due to massive infrastructure projects, including high-speed rail networks, industrial zones, and urban megastructures. The government’s push for smart grid modernization and expanding 5G telecommunications networks in China has increased the demand for advanced protection and grounding systems. Furthermore, stricter enforcement of GB/T lightning protection standards helps in growth across commercial and industrial sectors.

The lightning protection products market in India is expanding rapidly due to the government’s push for railway electrification, metro projects, and large-scale industrial corridors. The rise in severe thunderstorms and rising incidents of lightning-related fatalities have increased the need for advanced lightning protection in rural and urban areas. Therefore, the government is focused on strengthening safety regulations and awareness programs. This includes strict compliance with the Bureau of Indian Standards (BIS) regulations that drive adoption across commercial and residential sectors. Additionally, the rapid deployment of 4G and 5G telecom towers in remote areas has fueled demand for robust lightning protection products.

Lightning Protection Products Market Share
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Companies Dominating the Lightning Protection Products Landscape

    The top companies in the lightning protection products market gain a competitive edge through technological innovation, regulatory compliance, and global market reach. These companies invest in R&D to develop advanced surge protection, grounding systems, and smart monitoring solutions, ensuring superior performance and reliability. Companies complying with international safety standards such as IEC 62305 and NFPA 780 make them preferred suppliers for critical infrastructure projects. Here are some leading players in the lightning protection products market:

    •  ABB
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Pentair
    • Harger
    • Alltec Corporation
    • AN Wallis
    • Fatech Electronic
    • NexTek
    • Siemens
    • AXIS Electrical Components
    • K.M.L.Technology,
    • MTL Instruments Group,
    • Lightning Protection International
    • Kumwell, Lightning Master
    • Streamer
    • TSTLP
    • Independent Protection
    • Jishnu Control Systems
    • Fatech Electronic
    • Raycap

In the News

  • In November 2024, TE Connectivity expanded its energy business by acquiring Harger, a company specializing in lightning protection and grounding solutions. Through this strategic acquisition, TE Connectivity offers a wide range of products for better grid reliability, safety, and performance in the energy sector.  
  • In June 2024, ABB invested USD 35 million in a new facility in Nottingham, UK, to meet the growing demand for Furse earthing and lightning protection solutions. This modern site, set to open in 2025, will feature advanced technology, flexible automation, R&D and testing, and digital processes to increase production, improve efficiency, and enhance sustainability.

Author Credits:   Abhishek Verma


  • Report ID: 7340
  • Published Date: Mar 18, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The lightning protection products market sector was valued at USD 5.2 billion in 2024 and is projected to expand at a profitable CAGR of 8% during the forecast period, i.e., 2025-2037.

The global lightning protection products market registered a profitable valuation of USD 5.2 billion in 2024 and is poised to reach USD 14.1 billion by 2037 expanding at a CAGR of 8% during the forecast period, i.e., 2025-2037.

The major players in the market are Pentair, Harger, Alltec Corporation, AN Wallis, Fatech Electronic, NexTek, Siemens and others.

By product type, the air terminals and adaptors segment is expected to hold a 30% share by 2037. Air terminals and adaptors are essential components of lightning protection systems. These are designed to intercept lightning strikes and safely direct the energy into a grounding network.

North America is poised to register the largest revenue share of 40% in the global lightning protection products market by the end of 2037. The market growth is driven by increasing infrastructure development, strict regulatory standards, and rising extreme weather events.
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