Saudi Arabia has remained one of the most promising fire safety markets in complete GCC area. In previous few years, the market has loved strong progress owing to rising building market in the areas such as residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with current fire incidences and emergence of high rise buildings the necessity for advanced hearth safety systems have surged within the country.
The newly constructed buildings or ongoing building would be outfitted with superior fireplace security systems, nonetheless, immense alternatives exist for the gamers in retrofit buildings phase which have conventional fire safety methods.
In the year 2015, the marketplace for hearth security systems in Saudi Arabia declined because of slumping oil prices, which affected infrastructure/real estate spending and development activities. Moreover, most of the upcoming initiatives have been put on hold by the government to cut back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fireplace safety market touched $577 million in 2015. The fireplace safety market in Saudi Arabia is anticipated to remain volatile until 2017, where development would be recorded post 2017 with the restoration of the oil costs coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest fireplace safety market in GCC region registered positive growth due to growing construction actions for the upcoming Dubai World Expo 2020. The event is likely to entice 25 million vacationers, which is spurring the construction in the areas of hospitality, public infrastructure, retail, entertainment, etc. Also, government mandates are further fueling the expansion of the market in UAE.
In overall Saudi Arabia’s hearth security market, fireplace safety techniques have generated majority of the market revenues, wherein fire extinguishers, hearth suppression systems and fire pumps & controllers have led the market growth.
Over เพรสเชอร์เกจไฮดรอลิค following six years, Saudi Arabia’s fireplace security market can be driven by the government obligatory regulations and substitute of present fire security techniques. Residential and industrial verticals could be the key verticals where major alternative markets exists.
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