Saudi Arabia has remained one of the promising hearth security markets in whole GCC area. In last few years, the market has enjoyed robust development owing to rising building market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with ราคาเกจวัดแรงดัน and emergence of high rise buildings the necessity for superior fire safety methods have surged within the nation.
The newly constructed buildings or ongoing development would be geared up with superior fire security techniques, nevertheless, immense alternatives exist for the players in retrofit buildings segment which have conventional fireplace safety techniques.
In the year 2015, the market for fireplace security methods in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real property spending and building activities. Moreover, most of the upcoming projects have been placed on maintain by the government to reduce back the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s fireplace security market touched $577 million in 2015. The fire security market in Saudi Arabia is predicted to stay volatile until 2017, where growth can be recorded publish 2017 with the recovery of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest fireplace safety market in GCC area registered optimistic growth because of rising development activities for the upcoming Dubai World Expo 2020. The event is prone to entice 25 million vacationers, which is spurring the construction in the areas of hospitality, public infrastructure, retail, entertainment, and so forth. Also, government mandates are further fueling the growth of the market in UAE.
In overall Saudi Arabia’s fire security market, fire protection systems have generated majority of the market revenues, whereby fireplace extinguishers, hearth suppression techniques and hearth pumps & controllers have led the market growth.
Over the following six years, Saudi Arabia’s fireplace safety market could be driven by the federal government necessary rules and substitute of present fireplace security methods. Residential and industrial verticals could be the important thing verticals where main alternative markets exists.
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