Saudi Arabia has remained some of the promising fire safety markets in entire GCC region. In previous few years, the market has loved sturdy development owing to growing construction market in the areas such as residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with latest hearth incidences and emergence of excessive rise buildings the necessity for advanced hearth safety techniques have surged in the nation.
The newly constructed buildings or ongoing building could be equipped with advanced fire security techniques, nonetheless, immense alternatives exist for the players in retrofit buildings section which have traditional fire security techniques.
In the 12 months 2015, the market for fireplace security methods in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real estate spending and construction 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 fireplace security market in Saudi Arabia is expected to stay unstable until 2017, the place development would be recorded submit 2017 with the restoration of the oil costs coupled with authorities spending.
Unlike เพรสเชอร์เกจnuovafima , UAE, the second largest fireplace safety market in GCC area registered constructive development because of rising building actions for the upcoming Dubai World Expo 2020. The event is prone to attract 25 million vacationers, which is spurring the development within the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, government mandates are further fueling the expansion of the market in UAE.
In total Saudi Arabia’s fire safety market, fire protection techniques have generated majority of the market revenues, wherein hearth extinguishers, hearth suppression systems and hearth pumps & controllers have led the market progress.
Over the following six years, Saudi Arabia’s fireplace security market would be pushed by the government mandatory regulations and substitute of existing fire security methods. Residential and industrial verticals would be the necessary thing verticals where main alternative markets exists.
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