Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained some of the promising fireplace safety markets in complete GCC area. In last few years, the market has enjoyed strong growth owing to rising construction market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with recent fire incidences and emergence of high rise buildings the need for superior fireplace security methods have surged within the country.
The newly constructed buildings or ongoing development would be geared up with advanced fire safety methods, however, immense alternatives exist for the gamers in retrofit buildings phase which have conventional fireplace security techniques.
In the yr 2015, the market for hearth security methods in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real property spending and building actions. Moreover, many of the upcoming tasks have been placed on hold by the federal government to reduce the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s hearth security market touched $577 million in 2015. เกจ์วัดความดัน in Saudi Arabia is expected to remain unstable until 2017, where progress could be recorded publish 2017 with the recovery of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest fire security market in GCC area registered positive progress as a end result of growing building actions for the upcoming Dubai World Expo 2020. The event is more doubtless to entice 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, authorities mandates are additional fueling the expansion of the market in UAE.
In general Saudi Arabia’s fireplace security market, hearth safety methods have generated majority of the market revenues, wherein hearth extinguishers, fireplace suppression techniques and fireplace pumps & controllers have led the market progress.
Over the next six years, Saudi Arabia’s fire security market would be driven by the government necessary rules and alternative of existing fire safety methods. Residential and industrial verticals would be the key verticals the place main replacement markets exists.
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