Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising hearth safety markets in entire GCC area. In previous couple of years, the market has loved strong progress owing to growing building market in the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with recent hearth incidences and emergence of excessive rise buildings the need for superior fireplace safety methods have surged within the country.
The newly constructed buildings or ongoing development would be equipped with advanced fire security methods, nevertheless, immense alternatives exist for the gamers in retrofit buildings section which have traditional fire security systems.
In the year 2015, the market for fireplace safety techniques in Saudi Arabia declined because of slumping oil prices, which affected infrastructure/real estate spending and building activities. Moreover, many of the upcoming tasks were put on maintain by the federal government to scale back the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s fire safety market touched $577 million in 2015. The fire security market in Saudi Arabia is expected to remain unstable till 2017, where growth could be recorded publish 2017 with the recovery of the oil costs coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC region registered positive development as a outcome of rising construction activities for the upcoming Dubai World Expo 2020. The event is prone to entice 25 million tourists, which is spurring the construction in the areas of hospitality, public infrastructure, retail, entertainment, and so on. Also, ร้านซ่อมเครื่องวัดความดันomron are further fueling the growth of the market in UAE.
In total Saudi Arabia’s fire safety market, fireplace protection techniques have generated majority of the market revenues, wherein fireplace extinguishers, fire suppression techniques and fireplace pumps & controllers have led the market development.
Over the following six years, Saudi Arabia’s fireplace security market could be pushed by the federal government necessary laws and substitute of current fire safety systems. Residential and industrial verticals can be the necessary thing verticals where major alternative markets exists.
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