Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising fireplace security markets in whole GCC area. In last few years, the market has loved strong development owing to rising development market in the areas such as residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with หลักการทำงานของเกจ์วัดแก๊ส and emergence of high rise buildings the need for advanced fire safety systems have surged within the country.
The newly constructed buildings or ongoing building would be equipped with superior hearth safety methods, however, immense opportunities exist for the gamers in retrofit buildings section which have conventional fire security methods.
In the 12 months 2015, the market for fireplace security systems in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real property spending and building actions. Moreover, lots of the upcoming initiatives were put on hold by the federal government to reduce back the burden on the Saudi Arabia’s economy.
According to 6Wresearch, Saudi Arabia’s fireplace safety market touched $577 million in 2015. The hearth safety market in Saudi Arabia is expected to stay unstable till 2017, the place progress would be recorded post 2017 with the restoration of the oil prices coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC region registered optimistic development as a result of growing building actions for the upcoming Dubai World Expo 2020. The event is more doubtless to attract 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, leisure, etc. Also, authorities mandates are further fueling the growth of the market in UAE.
In overall Saudi Arabia’s fireplace safety market, fire protection techniques have generated majority of the market revenues, wherein fire extinguishers, hearth suppression techniques and fireplace pumps & controllers have led the market development.
Over the subsequent six years, Saudi Arabia’s fireplace security market could be pushed by the federal government mandatory rules and replacement of present fire security techniques. Residential and industrial verticals would be the key verticals where main replacement markets exists.
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