Saudi Arabia has remained one of the most promising fire security markets in complete GCC region. In last few years, the market has loved robust growth owing to growing development market in the areas such as residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with recent fire incidences and emergence of high rise buildings the need for advanced fire security systems have surged within the country.
The newly constructed buildings or ongoing development could be geared up with advanced hearth safety techniques, however, immense alternatives exist for the players in retrofit buildings section which have traditional fire security methods.
In the yr 2015, the marketplace for hearth safety techniques in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real property spending and building activities. Moreover, many of the upcoming initiatives have been placed on hold by the government to reduce the burden on the Saudi Arabia’s economy.
According to เพรสเชอร์เกจดิจิตอล , Saudi Arabia’s fire security market touched $577 million in 2015. The fire security market in Saudi Arabia is predicted to stay risky until 2017, the place development would be recorded publish 2017 with the recovery of the oil costs coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest fireplace safety market in GCC area registered optimistic development as a outcome of growing development actions for the upcoming Dubai World Expo 2020. The event is more likely to entice 25 million vacationers, which is spurring the development within the areas of hospitality, public infrastructure, retail, entertainment, and so on. Also, authorities mandates are additional fueling the expansion of the market in UAE.
In general Saudi Arabia’s hearth safety market, fireplace safety systems have generated majority of the market revenues, wherein fireplace extinguishers, fireplace suppression methods and fire pumps & controllers have led the market progress.
Over the following six years, Saudi Arabia’s hearth security market can be pushed by the government obligatory rules and substitute of existing fire safety systems. Residential and industrial verticals could be the necessary thing verticals the place major substitute markets exists.
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