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Download Free sampleThe global Earthing Lightning Protection System market was valued at 2643.06 Million USD in 2021 and will grow with a CAGR of 4.91% from 2021 to 2027, based on HNY Research newly published report.
The prime objective of Earthing Lightning Protection System Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Earthing Lightning Protection System Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Earthing Lightning Protection System encompasses external lighting protection, effective earthing and transient overvoltage protection (surge protection of electronic systems), etc. Lightning protection systems are the modern development of the innovation pioneered by Benjamin Franklin: the lightning rod. Today, lightning protection systems are in use on thousands of buildings, homes, factories, towers, and even the Space Shuttle`s launch pad. An earthing system or grounding system is circuitry which connects parts of the electric circuit with the ground, thus defining the electric potential of the conductors relative to the Earth`s conductive surface. The choice of earthing system can affect the safety and electromagnetic compatibility of the power supply.For industry structure analysis, the Earthing Lightning Protection System industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top two producers account for about 50% of the revenue market. Regionally, Europe & UK is the biggest production value area of valves, also the leader in the whole Earthing Lightning Protection System industry.
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