Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising fireplace safety markets in whole GCC region. In previous couple of years, the market has loved robust growth owing to rising building market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with current fire incidences and emergence of high rise buildings the need for advanced hearth safety systems have surged in the country.
The newly constructed buildings or ongoing construction would be equipped with superior hearth safety techniques, nonetheless, immense opportunities exist for the gamers in retrofit buildings phase which have traditional fire security techniques.
In the 12 months 2015, the market for fire security systems in Saudi Arabia declined as a outcome of slumping oil costs, which affected infrastructure/real estate spending and construction activities. Moreover, many of the upcoming tasks had been put on hold by the government to minimize back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fireplace security market touched $577 million in 2015. The fireplace security market in Saudi Arabia is predicted to remain risky until 2017, where progress could be recorded post 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 growth as a end result of rising development actions for the upcoming Dubai World Expo 2020. The occasion is prone to appeal to 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, entertainment, and so forth. Also, government mandates are additional fueling the growth of the market in UAE.
In เกจวัดแรงดัน , hearth protection systems have generated majority of the market revenues, whereby fireplace extinguishers, fire suppression methods and hearth pumps & controllers have led the market development.
Over the next six years, Saudi Arabia’s hearth safety market could be pushed by the government necessary regulations and alternative of current fireplace safety methods. Residential and industrial verticals can be the important thing verticals where major alternative markets exists.
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