The invention discloses a lightning conductor with an induction effect, comprising a conductor rod, a conductor body, a grounding body, and a down lead. The lightning conductor is characterized in that the conductor body is arranged at the top of the conductor rod, the grounding body is arranged at the bottom of the conductor rod, the down lead is arranged between the conductor rod and the grounding body, an induction device is arranged at the joint of the conductor rod and the conductor body, and a consumption device is arranged between the down lead and the grounding body. The lightning conductor has the following advantages: by adopting a spherical or elliptical hollow cavity, a lightning conductor socket and a lightning conductor body can be well protected, and the service life of the lightning conductor socket and the service life the lightning conductor body are prolonged; because of increase in resistance, the lightning discharge current is effectively reduced, and the possibility of direct lightning stroke in the protection range is eliminated; an added induction ring can effectively sense the distance and strength of thunder clouds; and the lightning conductor is of a simple structure, high reliability and stable performance.