Saudi Arabia has remained some of the promising fire safety markets in entire GCC region. In previous few years, the market has loved strong development owing to growing development market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with pressure gauge ราคา ถูก and emergence of high rise buildings the necessity for superior fire safety systems have surged within the country.
The newly constructed buildings or ongoing construction can be geared up with advanced hearth safety systems, however, immense alternatives exist for the gamers in retrofit buildings section which have conventional hearth security systems.
In the year 2015, the market for fire security systems in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real estate spending and development activities. Moreover, most of the upcoming tasks had been placed on maintain by the government to reduce the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fireplace safety market touched $577 million in 2015. The fireplace safety market in Saudi Arabia is expected to remain risky until 2017, the place progress could be recorded submit 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 positive development as a result of rising construction actions for the upcoming Dubai World Expo 2020. The occasion is prone to appeal to 25 million vacationers, which is spurring the development in the areas of hospitality, public infrastructure, retail, leisure, etc. Also, authorities mandates are further fueling the expansion of the market in UAE.
In overall Saudi Arabia’s fire safety market, fireplace protection techniques have generated majority of the market revenues, wherein hearth extinguishers, fire suppression systems and fireplace pumps & controllers have led the market progress.
Over the next six years, Saudi Arabia’s hearth security market would be driven by the government mandatory rules and alternative of current hearth safety methods. Residential and industrial verticals could be the key verticals where major replacement markets exists.
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