Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising fireplace security markets in whole GCC area. In last few years, the market has enjoyed robust development owing to rising construction market within the areas such as residential, retail, hospitality, public infrastructure, healthcare, and training. Also, with latest fireplace incidences and emergence of high rise buildings the need for superior fireplace safety methods have surged in the country.
The newly constructed buildings or ongoing building can be outfitted with superior fire safety techniques, nevertheless, immense alternatives exist for the players in retrofit buildings phase which have traditional fireplace safety techniques.
In the year 2015, the marketplace for fire safety methods in Saudi Arabia declined as a end result of slumping oil costs, which affected infrastructure/real property spending and construction activities. Moreover, many of the upcoming initiatives have been placed on maintain by the government to reduce the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fireplace safety market touched $577 million in 2015. The fireplace security market in Saudi Arabia is anticipated to stay risky until 2017, where development can be recorded post 2017 with the restoration of the oil costs coupled with government spending.
Unlike เกจวัดแรงดัน4บาร์ , UAE, the second largest fireplace safety market in GCC region registered optimistic growth because of rising development activities for the upcoming Dubai World Expo 2020. The event is more likely to attract 25 million vacationers, which is spurring the development within the areas of hospitality, public infrastructure, retail, leisure, etc. Also, authorities mandates are additional fueling the growth of the market in UAE.
In overall Saudi Arabia’s hearth security market, fire protection systems have generated majority of the market revenues, whereby hearth extinguishers, fire suppression methods and hearth pumps & controllers have led the market progress.
Over เกจวัดแรงดันน้ำประปาราคา , Saudi Arabia’s hearth security market could be driven by the federal government mandatory rules and substitute of existing hearth security techniques. Residential and industrial verticals could be the necessary thing verticals the place major alternative markets exists.
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