Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising fireplace safety markets in whole GCC area. In last 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 education. Also, with recent fire incidences and emergence of high rise buildings the necessity for superior hearth safety systems have surged in the nation.
The newly constructed buildings or ongoing construction could be outfitted with superior hearth security systems, nonetheless, immense alternatives exist for the players in retrofit buildings phase which have traditional fireplace security systems.
In the year 2015, the marketplace for fireplace safety systems in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real property spending and development activities. Moreover, pressure gauge หน้าปัด 2 นิ้ว of the upcoming projects have been placed on maintain by the federal government to minimize back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s hearth safety market touched $577 million in 2015. The hearth safety market in Saudi Arabia is expected to remain unstable till 2017, the place development would be recorded submit 2017 with the restoration of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest fire security market in GCC region registered constructive development because of rising construction actions for the upcoming Dubai World Expo 2020. The occasion is prone to entice 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, entertainment, etc. Also, government mandates are further fueling the growth of the market in UAE.
In general Saudi Arabia’s fireplace safety market, fireplace protection methods have generated majority of the market revenues, wherein hearth extinguishers, fireplace suppression systems and fire pumps & controllers have led the market growth.
Over the next six years, Saudi Arabia’s hearth security market would be driven by the government mandatory rules and alternative of present hearth security techniques. Residential and industrial verticals would be the key verticals where main replacement markets exists.
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