Saudi Arabia has remained one of the most promising fire security markets in complete GCC area. In previous couple of years, the market has enjoyed strong development owing to rising construction market in the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with เกจวัดแรงดันน้ำมันเบนซิน and emergence of excessive rise buildings the need for superior hearth safety systems have surged in the country.
The newly constructed buildings or ongoing construction could be geared up with superior fire safety methods, however, immense alternatives exist for the players in retrofit buildings segment which have traditional fireplace security techniques.
In the yr 2015, the market for hearth security techniques in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real estate spending and building activities. Moreover, many of the upcoming projects had been placed on maintain by the federal government to reduce back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fireplace security market touched $577 million in 2015. The hearth safety market in Saudi Arabia is anticipated to remain volatile until 2017, where development could be recorded post 2017 with the restoration of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC region registered optimistic development as a outcome of growing development actions for the upcoming Dubai World Expo 2020. The event is prone to appeal to 25 million vacationers, which is spurring the construction within the areas of hospitality, public infrastructure, retail, entertainment, etc. Also, government mandates are further fueling the growth of the market in UAE.
In general Saudi Arabia’s hearth security market, hearth protection techniques have generated majority of the market revenues, whereby fireplace extinguishers, hearth suppression systems and fire pumps & controllers have led the market growth.
Over the subsequent six years, Saudi Arabia’s hearth safety market could be driven by the federal government obligatory rules and substitute of current fireplace security systems. Residential and industrial verticals would be the key verticals where major replacement markets exists.
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