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Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising hearth safety markets in whole GCC region. In last few years, the market has enjoyed sturdy development owing to growing development market within the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with recent fire incidences and emergence of high rise buildings the need for superior hearth safety techniques have surged within the nation.
The newly constructed buildings or ongoing building could be geared up with superior fireplace safety methods, nevertheless, immense opportunities exist for the players in retrofit buildings segment which have conventional fire security systems.
In the 12 months 2015, the marketplace for fireplace safety techniques in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real property spending and building actions. Moreover, many of the upcoming initiatives had been placed on hold by the government to cut back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s hearth security market touched $577 million in 2015. The hearth security market in Saudi Arabia is predicted to stay risky till 2017, where growth could be recorded submit 2017 with the recovery of the oil costs coupled with authorities spending.
Unlike เกจวัดแรงดันน้ำ10บาร์ , UAE, the second largest fireplace safety market in GCC region registered positive progress due to growing building activities for the upcoming Dubai World Expo 2020. The event is likely to entice 25 million vacationers, which is spurring the construction in the areas of hospitality, public infrastructure, retail, entertainment, and so on. Also, government mandates are additional fueling the expansion of the market in UAE.
In overall Saudi Arabia’s fireplace safety market, fire protection methods have generated majority of the market revenues, whereby fireplace extinguishers, fire suppression methods and fireplace pumps & controllers have led the market growth.
Over the next six years, Saudi Arabia’s hearth safety market would be driven by the federal government necessary rules and substitute of existing fireplace security systems. Residential and industrial verticals could be the vital thing verticals the place major alternative markets exists.
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