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Saudi Arabia has remained one of the promising fire security markets in entire GCC area. In previous few years, the market has enjoyed strong development owing to growing construction market in the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and schooling. Also, with current hearth incidences and emergence of high rise buildings the necessity for superior fire safety techniques have surged in the country.
The newly constructed buildings or ongoing building could be equipped with advanced hearth security techniques, however, immense opportunities exist for the players in retrofit buildings section which have traditional hearth security techniques.
In the yr 2015, the market for fireplace security systems in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real property spending and construction actions. Moreover, many of the upcoming projects were placed on maintain by the federal government to minimize back the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s hearth safety market touched $577 million in 2015. The fireplace security market in Saudi Arabia is predicted to remain unstable till 2017, where progress can be recorded publish 2017 with the restoration of the oil prices coupled with authorities spending.
Unlike ร้านซ่อมเครื่องวัดความดันomron , UAE, the second largest hearth safety market in GCC area registered optimistic growth because of rising building activities for the upcoming Dubai World Expo 2020. The occasion is more likely to entice 25 million vacationers, which is spurring the development within the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, authorities mandates are further fueling the growth of the market in UAE.
In overall Saudi Arabia’s fireplace security market, hearth safety methods have generated majority of the market revenues, wherein hearth extinguishers, fireplace suppression methods and hearth pumps & controllers have led the market development.
Over the subsequent six years, Saudi Arabia’s fire security market can be pushed by the government necessary rules and alternative of current hearth safety systems. Residential and industrial verticals would be the key verticals the place main substitute markets exists.
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