According to Cognitive Market Research, the global Lightning Rods market size is USD 1985.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 794.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 595.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 456.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 99.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 39.70 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
The Direct Lightning Rod held the highest Lightning Rods market revenue share in 2024.
