Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained some of the promising fireplace safety markets in entire GCC area. In previous few years, the market has loved strong progress owing to growing development market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with recent fireplace incidences and emergence of excessive rise buildings the necessity for advanced fire security methods have surged within the country.
เพรสเชอร์เกจ constructed buildings or ongoing development could be geared up with advanced fireplace security systems, nevertheless, immense alternatives exist for the players in retrofit buildings segment which have conventional hearth security techniques.
In the 12 months 2015, the market for fireplace security methods in Saudi Arabia declined as a outcome of slumping oil costs, which affected infrastructure/real property spending and building activities. Moreover, lots of the upcoming tasks had been placed on hold by the federal government to reduce the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fire security market touched $577 million in 2015. The hearth security market in Saudi Arabia is predicted to stay risky till 2017, where growth could be recorded post 2017 with the recovery of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC area registered positive progress as a outcome of growing development actions for the upcoming Dubai World Expo 2020. The occasion is likely to entice 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, entertainment, and so on. Also, government mandates are additional fueling the expansion of the market in UAE.
In overall Saudi Arabia’s fire safety market, fireplace safety methods have generated majority of the market revenues, whereby fireplace extinguishers, fire suppression systems and hearth pumps & controllers have led the market development.
Over the subsequent six years, Saudi Arabia’s fireplace safety market would be pushed by the federal government obligatory regulations and substitute of present hearth security techniques. Residential and industrial verticals can be the key verticals the place main substitute markets exists.
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