Saudi Arabia has remained one of the most promising fire security markets in entire GCC region. In previous couple of years, the market has loved robust progress owing to growing building market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with current 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 building can be equipped with advanced fireplace safety techniques, nonetheless, immense opportunities exist for the players in retrofit buildings phase which have conventional fireplace security methods.
In the yr 2015, the marketplace for fireplace safety methods in Saudi Arabia declined due to slumping oil prices, which affected infrastructure/real property spending and construction activities. Moreover, เกจวัดแรงดันแก๊สlpgรถยนต์ of the upcoming projects have been placed on maintain by the federal government to scale back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fire security market touched $577 million in 2015. The hearth security market in Saudi Arabia is predicted to stay volatile until 2017, where growth would be recorded submit 2017 with the restoration of the oil prices coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC region registered positive progress because of growing construction actions for the upcoming Dubai World Expo 2020. เกจวัดแรงดูด is prone to entice 25 million tourists, which is spurring the development in the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, authorities mandates are further fueling the expansion of the market in UAE.
In general Saudi Arabia’s fire safety market, fireplace safety systems have generated majority of the market revenues, whereby fire extinguishers, fire suppression techniques and hearth pumps & controllers have led the market growth.
Over the next six years, Saudi Arabia’s hearth security market could be driven by the federal government mandatory regulations and alternative of current fire safety methods. Residential and industrial verticals can be the key verticals the place major alternative markets exists.
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