Saudi Arabia has remained one of the most promising fire security markets in complete GCC area. In previous few years, the market has enjoyed sturdy development owing to rising construction market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with recent hearth incidences and emergence of high rise buildings the need for advanced fire security methods have surged within the nation.
The newly constructed buildings or ongoing construction would be outfitted with advanced hearth safety systems, nevertheless, immense alternatives exist for the players in retrofit buildings segment which have conventional fire safety methods.
In the yr 2015, the market for hearth security methods in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real estate spending and building actions. Moreover, lots of the upcoming tasks were placed on hold by the government to scale 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 security market in Saudi Arabia is predicted to stay unstable until 2017, where growth can be recorded submit 2017 with the recovery of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest fire safety market in GCC area registered optimistic development as a result of rising building actions for the upcoming Dubai World Expo 2020. The occasion is more doubtless to appeal to 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, leisure, and so on. Also, authorities mandates are additional fueling the expansion of the market in UAE.
In ที่วัดแรงดันน้ำ , fireplace safety techniques have generated majority of the market revenues, wherein fireplace extinguishers, fire suppression methods and fireplace pumps & controllers have led the market development.
Over the next six years, Saudi Arabia’s hearth security market could be pushed by the government mandatory regulations and replacement of existing fire safety systems. Residential and industrial verticals would be the key verticals where main substitute markets exists.
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