Global Lightning Rod Market 2017-2021
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.
Technavio’s analysts forecast the global lightning rod market to grow at a CAGR of 7.98% during the period 2017-2021.
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:
Technavio Announces the Publication of its Research Report – Global Lightning Rod Market 2017-2021
Technavio recognizes the following companies as the key players in the global lightning rod market: Pentair, A.N. Wallis, and Alltec
Other Prominent Vendors in the market are: East Coast Lightning Equipment, Harger Lightning & Grounding, Kingsmill Industries, Lightning Protection International, Metal Gems, OBO Bettermann, Robbins Lightning, and Thompson Lightning Protection
Commenting on the report, an analyst from Technavio’s team said: “Lightning rods, the first point of lightning strike, are available in various types of tip ends such as blunt, rounded, pointed, and tapered. End-users prefer blunt-end lightning rods due to the fact that blunt-end air terminals have a higher probability of lightning strike reception than other types of lightning rods. Blunt-end lightning rods also accept the strike faster and stronger than sharp-end lightning rods due to the presence of a stronger electric field than a sharper rod of the same height.”
According to the report, a cloud-to-ground lightning current always seeks to pass to the ground through a path of least resistance. When it comes to buildings and houses, it finds many routes such as electric lines, water pipes, gas lines, cable and internet lines, and metal window frames that are conductive to lightning. Lightning current can cause severe damages if the building is not equipped with proper lightning protection.
Further, the report states that lightning rods are made of copper, steel, or aluminum because of their high conductivity and easy availability. Corrosion is the gradual destruction of metals due to an electrochemical reaction with the environment. In the presence of moisture, copper and steel are susceptible to corrosion, which can gradually reduce the efficiency of lightning rods. Although corrosion may not immediately impact the functioning of lightning protection, it can degrade the metal. Many vendors offer painted lightning rods as painting can slow down the corrosion, but not stop this process permanently. According to UL and LPS safety standards, the presence of even a small amount of corrosion can lead to compliance issues. This can necessitate frequent replacement of lightning rods, which can be a tedious and expensive procedure.
Pentair, A.N. Wallis, Alltec, East Coast Lightning Equipment, Harger Lightning & Grounding, Kingsmill Industries, Lightning Protection International, Metal Gems, OBO Bettermann, Robbins Lightning, Thompson Lightning Protection.