Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising fire security markets in whole GCC region. In last few years, the market has enjoyed robust development owing to rising construction market in the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with เกจอาร์กอน and emergence of excessive rise buildings the need for advanced hearth security methods have surged within the nation.
The newly constructed buildings or ongoing development can be outfitted with superior fire safety methods, nevertheless, immense alternatives exist for the gamers in retrofit buildings phase which have traditional hearth security techniques.
In the 12 months 2015, the market for fire safety systems in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real property spending and development activities. Moreover, most of the upcoming projects have been placed on hold by the federal government to reduce the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s hearth security market touched $577 million in 2015. The fire safety market in Saudi Arabia is predicted to remain unstable until 2017, where growth could be recorded submit 2017 with the restoration of the oil prices coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest fire safety market in GCC region registered constructive development because of rising building actions for the upcoming Dubai World Expo 2020. The occasion is prone to entice 25 million vacationers, which is spurring the construction within the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, authorities mandates are additional fueling the expansion of the market in UAE.
In general Saudi Arabia’s fire security market, hearth protection techniques have generated majority of the market revenues, whereby fire extinguishers, fire suppression methods and fire pumps & controllers have led the market growth.
Over the subsequent six years, Saudi Arabia’s hearth safety market can be pushed by the federal government mandatory regulations and substitute of current fireplace safety techniques. Residential and industrial verticals can be the key verticals the place main replacement markets exists.
For more info, go to www.intersecexpo.com
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