Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained some of the promising fire security markets in whole GCC region. In previous few years, the market has enjoyed strong development owing to growing development market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with recent hearth incidences and emergence of excessive rise buildings the necessity for superior hearth security systems have surged within the nation.
The newly constructed buildings or ongoing construction would be outfitted with superior hearth safety methods, however, immense alternatives exist for the players in retrofit buildings section which have traditional hearth security techniques.
In the year 2015, the marketplace for fire security techniques in Saudi Arabia declined due to slumping oil prices, which affected infrastructure/real estate spending and construction actions. Moreover, lots of the upcoming tasks have been put on hold by the government to reduce the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s fireplace security market touched $577 million in 2015. The hearth safety market in Saudi Arabia is expected to remain risky till 2017, where growth could be recorded post 2017 with the recovery of the oil costs coupled with government spending.
Unlike เกจวัดแรงดัน1บาร์ , UAE, the second largest fireplace safety market in GCC region registered optimistic progress because of growing building activities for the upcoming Dubai World Expo 2020. The event is prone to entice 25 million vacationers, which is spurring the development within the areas of hospitality, public infrastructure, retail, entertainment, etc. Also, government mandates are further fueling the expansion of the market in UAE.
In total Saudi Arabia’s hearth security market, fireplace safety techniques have generated majority of the market revenues, wherein fireplace extinguishers, hearth suppression systems and hearth pumps & controllers have led the market progress.
Over the subsequent six years, Saudi Arabia’s hearth safety market would be driven by the government obligatory rules and replacement of existing fire security methods. Residential and industrial verticals could be the key verticals where major substitute markets exists.
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