Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising fireplace safety markets in whole GCC area. In last few years, the market has enjoyed strong progress owing to growing building market in the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with recent fire incidences and emergence of excessive rise buildings the need for superior fire safety systems have surged within the country.
The newly constructed buildings or ongoing development could be equipped with advanced hearth safety methods, nonetheless, immense alternatives exist for the gamers in retrofit buildings section which have traditional fire security systems.
In the 12 months 2015, the market for fireplace safety methods in Saudi Arabia declined due to slumping oil prices, which affected infrastructure/real property spending and construction actions. Moreover, many of the upcoming tasks had been put on hold by the federal government to cut back the burden on the Saudi Arabia’s economy.
According to 6Wresearch, Saudi Arabia’s hearth security market touched $577 million in 2015. ร้านซ่อมเครื่องวัดความดัน in Saudi Arabia is expected to remain unstable till 2017, where development can be recorded post 2017 with the restoration of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest fire safety market in GCC area registered constructive growth because of growing development activities for the upcoming Dubai World Expo 2020. The event is likely to attract 25 million vacationers, which is spurring the development in the areas of hospitality, public infrastructure, retail, leisure, etc. Also, authorities mandates are additional fueling the expansion of the market in UAE.
In general Saudi Arabia’s hearth safety market, fire safety methods have generated majority of the market revenues, whereby hearth extinguishers, fireplace suppression systems and fire pumps & controllers have led the market development.
Over the following six years, Saudi Arabia’s hearth security market can be pushed by the government obligatory regulations and replacement of existing fire security systems. Residential and industrial verticals would be the key verticals where major replacement markets exists.
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