Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising fireplace security markets in whole GCC area. In previous few years, the market has enjoyed strong growth owing to rising building market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with current fireplace incidences and emergence of high rise buildings the need for advanced hearth security techniques have surged within the country.
The newly constructed buildings or ongoing building could be equipped with superior fire safety methods, nonetheless, immense alternatives exist for the gamers in retrofit buildings section which have traditional hearth security systems.
In the 12 months 2015, the market for hearth safety methods in Saudi Arabia declined because of slumping oil costs, which affected infrastructure/real estate spending and development activities. Moreover, many of the upcoming tasks were placed on maintain by the federal government to reduce back the burden on the Saudi Arabia’s economy.
According to 6Wresearch, Saudi Arabia’s fire safety market touched $577 million in 2015. The hearth safety market in Saudi Arabia is anticipated to stay volatile until 2017, where progress can be recorded post 2017 with the recovery of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC region registered constructive progress due to growing development activities for the upcoming Dubai World Expo 2020. The event is prone to attract 25 million tourists, which is spurring the development within the areas of hospitality, public infrastructure, retail, leisure, and so on. Also, government mandates are additional fueling the growth of the market in UAE.
In เกจวัดแรงดันpressuregauge , hearth safety systems have generated majority of the market revenues, wherein fireplace extinguishers, fireplace suppression systems and hearth pumps & controllers have led the market development.
Over the next six years, Saudi Arabia’s fireplace safety market can be driven by the federal government mandatory rules and alternative of existing hearth safety techniques. Residential and industrial verticals could be the necessary thing verticals the place main replacement markets exists.
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