Saudi Arabia has remained some of the promising fire security markets in complete GCC region. In เกจวัดแรงดันแก๊สหุงต้ม of years, the market has loved strong growth owing to growing building market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with current fireplace incidences and emergence of excessive rise buildings the need for advanced fire security methods have surged in the country.
The newly constructed buildings or ongoing building can be outfitted with superior fire security methods, nonetheless, immense alternatives exist for the players in retrofit buildings phase which have traditional fire security methods.
In the year 2015, the market for hearth safety techniques in Saudi Arabia declined due to slumping oil costs, which affected infrastructure/real property spending and development activities. Moreover, lots of the upcoming projects have been put on hold by the government to scale back the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s fire safety market touched $577 million in 2015. The hearth security market in Saudi Arabia is expected to stay unstable until 2017, where progress can be recorded publish 2017 with the recovery of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest fireplace safety market in GCC area registered optimistic development because of rising building actions for the upcoming Dubai World Expo 2020. The occasion is likely to attract 25 million vacationers, which is spurring the development in the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, government mandates are additional fueling the growth of the market in UAE.
In overall Saudi Arabia’s hearth security market, hearth safety techniques have generated majority of the market revenues, whereby fire extinguishers, fire suppression techniques and fire pumps & controllers have led the market progress.
Over the next six years, Saudi Arabia’s fire safety market would be pushed by the federal government mandatory regulations and substitute of present fireplace security systems. Residential and industrial verticals can be the key verticals the place main substitute markets exists.
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