Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising fire security markets in whole GCC area. In previous few years, the market has loved strong development owing to rising construction market in the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with เกจ์วัดแก๊สหุงต้ม and emergence of excessive rise buildings the necessity for advanced fire security systems have surged in the nation.
เครื่องมือที่ใช้วัดความดัน constructed buildings or ongoing construction would be equipped with advanced fire security methods, nonetheless, immense opportunities exist for the gamers in retrofit buildings section which have traditional hearth safety systems.
In the 12 months 2015, the marketplace for hearth security methods in Saudi Arabia declined because of slumping oil prices, which affected infrastructure/real property spending and construction activities. Moreover, many of the upcoming projects were put on hold by the government to minimize back the burden on the Saudi Arabia’s economy.
According to 6Wresearch, Saudi Arabia’s fireplace security market touched $577 million in 2015. The fireplace safety market in Saudi Arabia is anticipated to remain volatile till 2017, where growth could be recorded post 2017 with the recovery of the oil costs coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest fireplace safety market in GCC area registered positive development because of rising development activities for the upcoming Dubai World Expo 2020. The event is more probably to attract 25 million tourists, which is spurring the construction within the areas of hospitality, public infrastructure, retail, leisure, etc. Also, government mandates are additional fueling the expansion of the market in UAE.
In general Saudi Arabia’s fire safety market, fireplace protection techniques have generated majority of the market revenues, wherein hearth extinguishers, fireplace suppression systems and hearth pumps & controllers have led the market growth.
Over the subsequent six years, Saudi Arabia’s fire security market would be driven by the government necessary regulations and substitute of present fireplace security systems. Residential and industrial verticals would be the key verticals the place major alternative markets exists.
For extra information, go to www.intersecexpo.com
Share

Leave a Comment