Saudi Arabia Fire Safety Market Reached $577 million in 2015

เกจวัดแรงดันลมดิจิตอล has remained some of the promising fire security markets in whole GCC region. In previous couple of years, the market has loved strong progress owing to rising building market within the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with latest hearth incidences and emergence of excessive rise buildings the necessity for superior fireplace security methods have surged in the nation.
The newly constructed buildings or ongoing building would be geared up with superior hearth security techniques, nonetheless, immense opportunities exist for the gamers in retrofit buildings section which have conventional fireplace security methods.
In the year 2015, the market for hearth safety techniques in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real estate spending and construction actions. Moreover, many of the upcoming initiatives had been placed on hold by the federal government to scale back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fireplace security market touched $577 million in 2015. The fire security market in Saudi Arabia is anticipated to remain unstable until 2017, where development would be recorded submit 2017 with the recovery of the oil costs coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC region registered positive development because of rising construction activities for the upcoming Dubai World Expo 2020. The occasion is likely to entice 25 million tourists, which is spurring the development within the areas of hospitality, public infrastructure, retail, leisure, and so on. Also, government mandates are further fueling the growth of the market in UAE.
In overall Saudi Arabia’s fireplace safety market, fire safety techniques have generated majority of the market revenues, whereby fireplace extinguishers, fireplace suppression systems and fire pumps & controllers have led the market progress.
Over the following six years, Saudi Arabia’s fireplace security market can be pushed by the federal government obligatory rules and replacement of present fire security techniques. Residential and industrial verticals can be the necessary thing verticals where main substitute markets exists.
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