Abstract
Harmonizing Standards and Regulations across Different Regions to Save Resources in the Lightning
Protection Technology Market
With every country having different standards and regulations, the market for lightning
protection technology (LPT) is mired in confusion and misinterpretation about protection products
among customers. Such disorder can waste time, money, and other resources. In the U.S. market,
majority of the companies comply with National Fire Protection Association (NFPA) Standard 780 and
the Underwriters Laboratories (UL) 96A standard. The European International Electrotechnical
Commission (IEC) 1024 is one of the most essential and widely adopted document for LPTs. LPT
vendors primary focus is the rationalization of products to accommodate different standards.
Meanwhile, manufacturers have to retest and redesign their devices to meet the requirements and
specifications of an industry standard.
This Frost & Sullivan research service looks at the global LPT markets. It segments the
market into grounding and lightning protection equipment and discusses market drivers and restraints
as well as industry challenges. Additionally, it also provides information on the growth trends,
technology trends, competitive structure and market opportunities, thereby enabling companies to
align their positioning strategies to benefit from the changing market and obtain maximum return on
investment.
Demand from Various End-User Industries Spur Growth of LPT Market
State legislatures are mandating that lightning protection systems be installed in schools,
hospitals, and other public buildings. Major LPT and grounding equipment end users such as
utilities, water treatment and nuclear power plants, warehouses, seaports, airports, military,
broadcast industry, houses as well as residential complexes, and healthcare are expected to
significantly spur product demand. Commercial sectors including schools, offices, stadiums, golf
courses, and large building complexes are other likely sources of revenue.
The telecommunications and wireless sectors can provide a major thrust to the LPT market, as
their control towers and base stations need protection from lightening strikes. Greater use of
electronic equipment -- in both homes and offices -- can also hike demand for LPT devices.
"High-tech electronic equipment is extremely sensitive and is damaged by voltage fluctuations
and lightning strikes," says the analyst of this research service. "Grounding solves this
problem and ensures the safety of the gadgets." Rapid infrastructure development and growing
industrialization are also anticipated to drive market growth.
Complete Solutions and Enhanced End-User Experience to Augment Market Revenue
Bundling various power quality solutions to provide a complete solution for customers is likely
to see the $450.2 million world LPT market achieve substantial growth rates. These packages could
include grounding, lightning protection, and other supporting products. This strategy has generated
tremendous response and is expected to propel the market toward $695.5 million by 2011. Providing
quick service and implementing a customer feedback process are also part of these complete
solution packages.
To achieve high levels of customer satisfaction, companies have to develop customer-related
solutions and consistently expand their products and services. "Through in-depth training
programs and seminars, manufacturers can keep customers abreast of developments in the market,"
notes the analyst. "Product line, timeliness of delivery, and value-added services help them
expand their customer base." Installation and maintenance services also greatly improve
customer satisfaction.
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