Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising fire security markets in whole GCC region. In previous few years, the market has enjoyed sturdy progress owing to growing construction market in the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with current hearth incidences and emergence of high rise buildings the necessity for superior fire security systems have surged in the country.
เกจวัดแรงดันน้ำไทวัสดุ constructed buildings or ongoing construction could be geared up with superior fireplace safety techniques, nonetheless, immense alternatives exist for the gamers in retrofit buildings section which have conventional fireplace security techniques.
In the 12 months 2015, the market for hearth security systems in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real estate spending and building actions. Moreover, lots of the upcoming tasks have been put on maintain by the federal government to reduce the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fire security market touched $577 million in 2015. The hearth security market in Saudi Arabia is expected to remain volatile until 2017, the place progress can be recorded submit 2017 with the recovery of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest hearth security market in GCC region registered optimistic growth as a end result of rising development actions for the upcoming Dubai World Expo 2020. The event is prone to attract 25 million tourists, which is spurring the construction within the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, authorities mandates are additional fueling the growth of the market in UAE.
In general Saudi Arabia’s hearth safety market, fireplace protection techniques have generated majority of the market revenues, wherein fireplace extinguishers, fireplace suppression techniques and fire pumps & controllers have led the market progress.
Over the next six years, Saudi Arabia’s fireplace safety market can be driven by the federal government necessary laws and alternative of existing hearth safety systems. Residential and industrial verticals could be the key verticals the place major alternative markets exists.
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