Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising fire safety markets in entire GCC area. In previous couple of years, the market has enjoyed sturdy development owing to rising building market in the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with recent fireplace incidences and emergence of excessive rise buildings the need for superior hearth security systems have surged in the nation.
เกจอาร์กอน constructed buildings or ongoing building would be equipped with superior fireplace safety techniques, nevertheless, immense alternatives exist for the gamers in retrofit buildings section which have traditional fireplace safety methods.
In the year 2015, the market for hearth security techniques in Saudi Arabia declined because of slumping oil prices, which affected infrastructure/real estate spending and development activities. Moreover, most of the upcoming initiatives had been put on maintain by the federal government to scale back the burden on the Saudi Arabia’s economy.
According to 6Wresearch, Saudi Arabia’s fire security market touched $577 million in 2015. The fire safety market in Saudi Arabia is expected to stay volatile till 2017, where growth can be recorded publish 2017 with the restoration of the oil prices coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest hearth security market in GCC area registered optimistic progress as a result of growing construction activities for the upcoming Dubai World Expo 2020. The event is likely to appeal to 25 million vacationers, which is spurring the construction in the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, authorities mandates are additional fueling the growth of the market in UAE.
In overall Saudi Arabia’s fireplace security market, fireplace safety systems have generated majority of the market revenues, wherein fireplace extinguishers, fireplace suppression methods and hearth pumps & controllers have led the market growth.
Over the next six years, Saudi Arabia’s hearth security market can be pushed by the federal government obligatory regulations and alternative of present fireplace safety systems. Residential and industrial verticals can be the key verticals where main replacement markets exists.
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