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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 previous couple of years, the market has loved strong growth owing to growing building market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with latest fireplace incidences and emergence of excessive rise buildings the need for superior hearth security systems have surged within the country.
pressure gauge หลักการ ทํา งาน constructed buildings or ongoing construction can be equipped with superior fireplace safety techniques, nevertheless, immense opportunities exist for the players in retrofit buildings phase which have traditional fireplace safety techniques.
In the year 2015, the market for hearth security techniques in Saudi Arabia declined as a result of slumping oil costs, which affected infrastructure/real property spending and development actions. Moreover, lots of the upcoming initiatives had been placed on maintain by the government to cut 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 risky until 2017, the place progress could 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 area registered constructive progress as a outcome of rising construction actions for the upcoming Dubai World Expo 2020. The event is more likely to entice 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, entertainment, and so on. Also, government mandates are additional fueling the expansion of the market in UAE.
In total Saudi Arabia’s hearth safety market, fire protection techniques have generated majority of the market revenues, wherein fireplace extinguishers, fireplace suppression systems and fireplace pumps & controllers have led the market progress.
Over the subsequent six years, Saudi Arabia’s fire safety market could be pushed by the federal government mandatory regulations and alternative of present fireplace security systems. Residential and industrial verticals can be the key verticals the place main substitute markets exists.
For more data, go to www.intersecexpo.com
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