Saudi Arabia Fire Safety Market Reached $577 million in 2015

เกจวัดแรงดันน้ำมันเครื่อง has remained one of the promising fire security markets in entire GCC region. In previous couple of years, the market has loved robust growth owing to rising construction market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with current fireplace incidences and emergence of excessive rise buildings the necessity for advanced fireplace security methods have surged within the country.
The newly constructed buildings or ongoing building can be equipped with superior fire security systems, nonetheless, immense alternatives exist for the gamers in retrofit buildings section which have traditional hearth security techniques.
In the year 2015, the marketplace for fire safety systems in Saudi Arabia declined as a result of slumping oil prices, which affected infrastructure/real estate spending and development actions. Moreover, many of the upcoming tasks have been put on maintain by the federal government to reduce back the burden on the Saudi Arabia’s economy.
According to 6Wresearch, Saudi Arabia’s hearth safety market touched $577 million in 2015. The fire safety market in Saudi Arabia is expected to remain risky till 2017, where development would be recorded post 2017 with the recovery of the oil prices coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest fireplace security market in GCC region registered positive development due to rising building actions for the upcoming Dubai World Expo 2020. The event is prone to attract 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 growth of the market in UAE.
In overall Saudi Arabia’s fire safety market, fireplace safety techniques have generated majority of the market revenues, wherein hearth extinguishers, fire suppression methods and fireplace pumps & controllers have led the market progress.
Over the next six years, Saudi Arabia’s fire safety market can be pushed by the government necessary rules and replacement of existing hearth safety systems. Residential and industrial verticals would be the key verticals the place major replacement markets exists.
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