Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising fireplace safety markets in complete GCC area. In previous few years, the market has enjoyed robust progress owing to growing building market within the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with latest hearth incidences and emergence of high rise buildings the need for superior hearth safety techniques have surged within the country.
The newly constructed buildings or ongoing building can be equipped with advanced fireplace safety techniques, nevertheless, immense alternatives exist for the players in retrofit buildings segment which have traditional hearth safety methods.
In the year 2015, the market for hearth safety techniques in Saudi Arabia declined as a result of slumping oil prices, which affected infrastructure/real property spending and building actions. Moreover, เกจวัดแรงดัน300psi of the upcoming projects were put on hold by the government to reduce back the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s fireplace safety market touched $577 million in 2015. The fireplace security market in Saudi Arabia is predicted to stay risky until 2017, the place progress can be recorded submit 2017 with the restoration of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest hearth security market in GCC area registered positive progress because of rising development actions for the upcoming Dubai World Expo 2020. The occasion is more doubtless to appeal to 25 million vacationers, which is spurring the construction within the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, authorities mandates are further fueling the growth of the market in UAE.
In overall Saudi Arabia’s hearth security market, fireplace protection methods have generated majority of the market revenues, whereby fireplace extinguishers, fireplace suppression methods and fire pumps & controllers have led the market development.
Over the next six years, Saudi Arabia’s fire security market would be driven by the government necessary laws and alternative of current hearth safety techniques. Residential and industrial verticals would be the necessary thing verticals where major alternative markets exists.
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