Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising hearth security markets in entire GCC area. In previous few years, the market has enjoyed strong development owing to growing building market within the areas corresponding to residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with recent hearth incidences and emergence of excessive rise buildings the need for superior hearth safety methods have surged in the country.
เกจวัดแรงดันแก๊สlpgรถยนต์ constructed buildings or ongoing construction could be outfitted with advanced fire safety systems, however, immense alternatives exist for the gamers in retrofit buildings section which have traditional hearth safety systems.
In the yr 2015, the marketplace for fire security techniques in Saudi Arabia declined due to slumping oil prices, which affected infrastructure/real property spending and development activities. Moreover, lots of the upcoming initiatives were placed on hold by the federal government to cut back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fire safety market touched $577 million in 2015. เพรสเชอร์เกจน้ำ in Saudi Arabia is predicted to remain volatile until 2017, where development can be recorded post 2017 with the restoration of the oil costs coupled with authorities spending.
Unlike Saudi Arabia, UAE, the second largest fireplace security market in GCC area registered constructive growth because of rising building activities for the upcoming Dubai World Expo 2020. The occasion is more doubtless to entice 25 million vacationers, which is spurring the development within the areas of hospitality, public infrastructure, retail, entertainment, and so on. Also, government mandates are further fueling the expansion of the market in UAE.
In overall Saudi Arabia’s hearth safety market, fireplace protection methods have generated majority of the market revenues, wherein fire extinguishers, fire suppression methods and hearth pumps & controllers have led the market growth.
Over the following six years, Saudi Arabia’s fire safety market could be driven by the government necessary regulations and replacement of current hearth security techniques. Residential and industrial verticals would be the key verticals where major substitute markets exists.
For more information, go to www.intersecexpo.com
Share

Leave a Comment