Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained some of the promising fireplace safety markets in complete GCC area. In last few years, the market has enjoyed strong progress owing to rising construction market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with เกจวัดแรงดันดิจิตอลราคา and emergence of high rise buildings the necessity for advanced fire safety systems have surged in the nation.
The newly constructed buildings or ongoing development would be geared up with superior hearth security methods, nevertheless, immense alternatives exist for the players in retrofit buildings phase which have traditional fire safety methods.
In the year 2015, the market for fire security systems in Saudi Arabia declined as a outcome of slumping oil costs, which affected infrastructure/real estate spending and building actions. Moreover, most of the upcoming projects had been placed on hold by the 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 hearth safety market in Saudi Arabia is expected to stay unstable till 2017, where development could be recorded publish 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 constructive progress because of rising construction actions for the upcoming Dubai World Expo 2020. The event is prone to appeal to 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, entertainment, and so forth. Also, government mandates are additional fueling the expansion of the market in UAE.
In overall Saudi Arabia’s fire security market, hearth protection techniques have generated majority of the market revenues, whereby fire extinguishers, fire suppression techniques and fireplace pumps & controllers have led the market development.
Over the following six years, Saudi Arabia’s fire security market can be driven by the government obligatory regulations and substitute of present hearth security methods. Residential and industrial verticals could be the key verticals where major alternative markets exists.
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