Earthing Lightning Protection System market by Type (Lighting Protection System, Earthing System), by Application (Commercial, Residential, Oil, Gas, Power Generation, Renewable Energy, Transportation, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Earthing Lightning Protection System market size was valued at USD 3.5 USD Million in 2023 and is projected to reach USD 8.13 USD Million by 2032, exhibiting a CAGR of 12.8 % during the forecast period.ELPS stands for Earthing Lightning Protection System is one of the safety measures that aims to safeguard structures and electrical systems from lightning since it offers a luxuriate path for electric current to go through the ground. The conventional types include rod-based systems while the elaborated categories are the Early Streamer Emission (ESE) systems. The main elements of ELPS are to earth the electrodes together with conductors and the bonding system to provide a satisfactory discharge of electrical energy. Heating, ventilating, and air conditioning systems: These systems are very essential in buildings, industrial plants, and communication towers where they protect the structures from fire risks and voltage spikes. ELPS advantages include increased safety, minimised chances of having structural damage, safeguarding of delicate electronics, and less disruption of business hence less chances of incurring high maintenance costs.
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The market report provides an in-depth analysis of the ELPS market, covering key insights, trends, drivers, challenges, emerging trends, market size, market share, competitive landscape, company profiles, industry dynamics, market segmentation, and regional insights.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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