Saudi Arabia has remained one of the promising fireplace safety markets in whole GCC area. In previous few years, the market has loved robust progress owing to growing development market in the areas such as residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with current fireplace incidences and emergence of high rise buildings the necessity for advanced hearth safety methods have surged within the country.
The newly constructed buildings or ongoing construction can be outfitted with advanced fire security techniques, however, immense alternatives exist for the players in retrofit buildings section which have traditional fireplace security methods.
In the yr 2015, the market for fireplace security systems in Saudi Arabia declined as a result of slumping oil prices, which affected infrastructure/real estate spending and construction activities. Moreover, lots of the upcoming initiatives were placed on maintain by the federal government to minimize back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fire safety market touched $577 million in 2015. The fire safety market in Saudi Arabia is expected to remain unstable till 2017, where growth could be recorded submit 2017 with the recovery of the oil costs coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest hearth security market in GCC area registered optimistic progress as a outcome of rising development activities for the upcoming Dubai World Expo 2020. The occasion is more probably to appeal to 25 million tourists, which is spurring the development within the areas of hospitality, public infrastructure, retail, entertainment, etc. Also, ร้านซ่อมเครื่องวัดความดันomron are additional fueling the growth of the market in UAE.
In overall Saudi Arabia’s fire security market, fireplace protection systems have generated majority of the market revenues, whereby fireplace extinguishers, fireplace suppression systems and fire pumps & controllers have led the market development.
Over the following six years, Saudi Arabia’s fire safety market could be driven by the federal government mandatory laws and replacement of current hearth security methods. Residential and industrial verticals can be the key verticals the place main replacement markets exists.
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