Lightning Protection Products Market: Strong Application,Emerging Trends And Future Scope By 2021-2031
Lightning Protection Products Market: Introduction According to the report, the global lightning protection products market is projected to surpass US$ 6.1 Bn by 2031 , expanding at a CAGR of ~10% during the forecast period. This can be attributed to an increase in use of sensitive electronics for vital functions, including building security, climate control, data storage and processing, lighting, manufacturing & processing equipment, door hardware & access systems, and healthcare systems. At the same time, occurrence of more frequent extreme weather events associated with climate change is increasing the risk of failure of these electronic systems, and growing awareness among the public to equip lightning protection products to protect their digital assets are propelling the market for lightning protection products. Expansion of Lightning Protection Products Market State legislatures mandating the installation of lightning protec...