Saudi Arabia Fire Safety Market Reached $577 million in 2015

ราคาเกจวัดแรงดันลม has remained some of the promising hearth security markets in entire GCC region. In previous few years, the market has enjoyed sturdy growth owing to rising building market within the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with latest hearth incidences and emergence of high rise buildings the necessity for advanced fire security systems have surged within the nation.
The newly constructed buildings or ongoing construction can be geared up with superior hearth safety systems, however, immense opportunities exist for the players in retrofit buildings segment which have traditional fireplace security systems.
In the yr 2015, the market for fireplace safety techniques in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real estate spending and development actions. Moreover, lots of the upcoming initiatives were put on hold by the federal government to reduce the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s hearth safety market touched $577 million in 2015. The fireplace safety market in Saudi Arabia is expected to remain risky until 2017, where progress would be recorded publish 2017 with the recovery of the oil prices coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest fire safety market in GCC area registered optimistic progress due to growing construction activities for the upcoming Dubai World Expo 2020. The occasion is likely to entice 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, entertainment, and so forth. Also, authorities mandates are further fueling the growth of the market in UAE.
In overall Saudi Arabia’s fireplace security market, fireplace protection systems have generated majority of the market revenues, whereby hearth extinguishers, fireplace suppression techniques and hearth pumps & controllers have led the market development.
Over the following six years, Saudi Arabia’s fire safety market can be driven by the government mandatory rules and substitute of existing hearth security methods. Residential and industrial verticals can be the important thing verticals the place major substitute markets exists.
For more data, go to www.intersecexpo.com
Share

Leave a Comment