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Saudi Arabia Fire Safety Market Reached $577 million in 2015

Saudi Arabia has remained one of the promising fire safety markets in whole GCC region. In previous couple of years, the market has enjoyed strong development owing to rising construction market within the areas similar to residential, retail, hospitality, public infrastructure, healthcare, and education. Also, with ชนิดของpressuregauge and emergence of excessive rise buildings the necessity for advanced fire security techniques have surged within the country.
The newly constructed buildings or ongoing development can be equipped with superior hearth security techniques, nonetheless, immense opportunities exist for the players in retrofit buildings phase which have conventional fireplace security methods.
In the year 2015, the marketplace for fire security techniques in Saudi Arabia declined as a outcome of slumping oil prices, which affected infrastructure/real estate spending and development activities. Moreover, many of the upcoming initiatives were placed on hold by the government to scale back the burden on the Saudi Arabia’s financial system.
According to 6Wresearch, Saudi Arabia’s fireplace safety market touched $577 million in 2015. The fire security market in Saudi Arabia is expected to remain unstable until 2017, where progress can be recorded publish 2017 with the restoration of the oil prices coupled with government spending.
Unlike Saudi Arabia, UAE, the second largest hearth security market in GCC area registered positive growth as a outcome of rising construction actions for the upcoming Dubai World Expo 2020. The event is likely to attract 25 million vacationers, which is spurring the development within the areas of hospitality, public infrastructure, retail, leisure, and so forth. Also, เครื่องมือวัดความดันคือ are further fueling the growth of the market in UAE.
In total Saudi Arabia’s fire safety market, fire protection methods have generated majority of the market revenues, whereby hearth extinguishers, fireplace suppression methods and hearth pumps & controllers have led the market progress.
Over the subsequent six years, Saudi Arabia’s fire security market can be pushed by the federal government necessary rules and substitute of current fireplace safety methods. Residential and industrial verticals would be the vital thing verticals the place main replacement markets exists.
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