Saudi Arabia Fire Safety Market Reached $577 million in 2015

pressure gauge octa has remained one of the most promising fireplace security markets in whole GCC region. In last few years, the market has enjoyed strong progress owing to growing development market in the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with current fireplace incidences and emergence of excessive rise buildings the need for advanced fire safety methods have surged within the nation.
The newly constructed buildings or ongoing building could be geared up with superior fireplace security systems, nonetheless, immense alternatives exist for the gamers in retrofit buildings section which have traditional fire security methods.
In the yr 2015, the market for hearth security techniques in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real property spending and building activities. Moreover, many of the upcoming tasks were put on hold by the government to reduce the burden on the Saudi Arabia’s economy.
According to 6Wresearch, Saudi Arabia’s fireplace security market touched $577 million in 2015. The hearth security market in Saudi Arabia is expected to stay unstable until 2017, where development would be recorded submit 2017 with the restoration of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest fireplace safety market in GCC region registered optimistic development due to growing development activities for the upcoming Dubai World Expo 2020. The event is more probably to attract 25 million tourists, which is spurring the construction in the areas of hospitality, public infrastructure, retail, leisure, and so on. Also, government mandates are further fueling the growth of the market in UAE.
In general Saudi Arabia’s fireplace security market, fire safety methods have generated majority of the market revenues, whereby hearth extinguishers, fireplace suppression techniques and fireplace pumps & controllers have led the market development.
Over pressure gauge , Saudi Arabia’s fire safety market could be pushed by the federal government obligatory regulations and alternative of existing fireplace safety methods. Residential and industrial verticals can be the vital thing verticals the place major substitute markets exists.
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