Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the most promising fireplace safety markets in entire GCC region. In last few years, the market has enjoyed sturdy development owing to growing construction market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with latest fire incidences and emergence of excessive rise buildings the need for advanced fire safety systems have surged within the country.
เกจวัดแรงดันลม10bar constructed buildings or ongoing building would be geared up with superior fire security techniques, nevertheless, immense opportunities exist for the gamers in retrofit buildings section which have traditional hearth security techniques.
In the year 2015, the market for fireplace security methods in Saudi Arabia declined as a result of slumping oil costs, which affected infrastructure/real estate spending and construction actions. Moreover, many of the upcoming initiatives have been put on maintain by the government to reduce the burden on the Saudi Arabia’s economic system.
According to 6Wresearch, Saudi Arabia’s fire safety market touched $577 million in 2015. The fireplace safety market in Saudi Arabia is expected to remain volatile until 2017, where growth can be recorded submit 2017 with the restoration of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest hearth safety market in GCC area registered optimistic development because of rising construction activities for the upcoming Dubai World Expo 2020. The occasion is more likely to attract 25 million vacationers, which is spurring the development in the areas of hospitality, public infrastructure, retail, entertainment, and so on. Also, authorities mandates are further fueling the growth of the market in UAE.
In total Saudi Arabia’s fire security market, fireplace protection systems have generated majority of the market revenues, whereby fireplace extinguishers, hearth suppression techniques and fireplace pumps & controllers have led the market growth.
Over เกจ์วัดความดัน , Saudi Arabia’s hearth security market can be pushed by the government mandatory laws and alternative of current hearth safety systems. Residential and industrial verticals can be the key verticals where major substitute markets exists.
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