Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising hearth safety markets in entire GCC region. In previous couple of years, the market has loved robust development owing to rising building market within the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with recent fire incidences and emergence of excessive rise buildings the necessity for advanced fire security systems have surged in the country.
The newly constructed buildings or ongoing construction would be equipped with superior hearth security systems, however, immense alternatives exist for the gamers in retrofit buildings phase which have traditional fireplace safety methods.
In the yr 2015, the market for fire security systems in Saudi Arabia declined as a outcome of slumping oil costs, which affected infrastructure/real property spending and building actions. Moreover, most of the upcoming initiatives had been put on hold by the federal government to minimize 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 hearth safety market in Saudi Arabia is anticipated to remain volatile until 2017, where progress can be recorded submit 2017 with the recovery of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest hearth security market in GCC area registered optimistic development as a end result of growing construction activities for the upcoming Dubai World Expo 2020. The occasion is more likely to entice 25 million vacationers, which is spurring the construction within the areas of hospitality, public infrastructure, retail, entertainment, and so forth. Also, authorities mandates are further fueling the expansion of the market in UAE.
In total Saudi Arabia’s fire safety market, fire protection methods have generated majority of the market revenues, wherein fire extinguishers, hearth suppression methods and fireplace pumps & controllers have led the market growth.
Over ความหมายของเครื่องวัดความดัน , Saudi Arabia’s fire safety market could be pushed by the government mandatory rules and alternative of present hearth safety systems. Residential and industrial verticals could be the key verticals the place major substitute markets exists.
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