LIGHTNING PROTECTION PRODUCTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Lightning Protection Products Market, By Product Type (Air Terminals and Adaptors, Conductors, Fittings and Connectors, Grounding Equipment, Surge Protectors, and Others), By Application (Building and Factories , Electric Power, Transportation, Oil and Gas, and Others), By End-use (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In May 2024, ABB and Niedax Group, a provider of cable management solutions announced the formation of a joint venture to meet the increasing demand for cable tray systems in North America. This strategic partnership combines the strengths and expertise of both companies to provide high-quality cable management solutions tailored to the needs of the North American lightning protection products market.
In April 2024, HarGround introduced two new grounding connectors - CGCRFE and CGFEXCR. These connectors are made of a high-strength copper alloy, making them well-suited for high-compression grounding applications.
In October 2021, Raycap, a global supplier of electrical components for surge protection, communication, and monitoring, announced the expansion of its 2-in-1 surge protection product line. The new RaycapProTec T1SF arrester, featuring an integrated backup fuse, not only reduces the required space in control cabinets but also simplifies installation and maintenance processes, ultimately leading to lower overall costs for customers.
In July 2021, Streamer announced that the lightning protection device it developed has passed certification tests at CEPRI (Wuhan), which is owned by the State Grid Corporation of China (SGCC). This device will be supplied to SGCC sites.