SecurityWorldMarket

26/08/2020

ME, Turkey and Africa fire safety systems market to surge after 2020

New Delhi, India

Latest research on the Middle East, Turkey & Africa fire safety systems & equipment projects the sector to grow at a CAGR of 4.4% during 2020-26. Analysts at 6Wresearch found that Saudi Arabia is the dominant player in the Middle East, whilst South Africa is leading the way in the African regions. 

According to 6Wresearch, the ME, Turkey and Africa witnessed modest growth in recent years as a result of the increasing demand from the booming construction sector in a few countries such as UAE and Qatar. However, revenues are anticipated to undergo a phase of slowdown during the year 2020 on account of falling demand due to the partial or total lock downs imposed in several countries across the region in order to curb the spread of the COVID-19 pandemic.

With the development of large-scale commercial establishments, such as economic cities, medical cities, hotels, malls, supermarkets, and offices, the construction sector in several Middle Eastern and African countries is projected to generate huge demand for fire safety systems & equipment over the coming years. And the researchers suggest that the implementation of stringent safety norms and mandatory installation of fire safety systems in public places such as theatres, commercial buildings, churches, etc., would also fuel the fire safety systems & equipment market revenues over the years to come.

Alpana Tyagi, Research Analyst, Research and Consulting, 6Wresearch, says “In the Middle Eastern region Saudi Arabia garnered a major share in the fire safety systems & equipment market revenues in recent years and is expected to retain its dominant position in the forecast period as well owing to the diversification policy adopted by the government of Saudi Arabia that is expected to boost the demand for fire safety systems & equipment in the non-oil sector of the country.”

“In the African region, South Africa acquired the majority of the fire safety systems & equipment market revenue share in 2019 and the same trend is projected to manifest in 2026 owing to the expected revival in the construction sector and increasing demand from the industrial and hospitality domains,” Alpana further added.

According to Mansi Bisht, Research Analyst, Research and Consulting, 6Wresearch, “On account of its high demand from building developers, owners and managers across a number of domains such as commercial, industrial, and oil & gas sector the firefighting equipment accounted for a dominant share in the overall fire safety systems & equipment market revenues in 2019 and is expected to maintain its dominance in the forecast period as well since these equipment serves as the first line of defence against any sort of hazards.”

“By types, the fire sprinklers segment accounted for a major chunk in the overall firefighting equipment market revenues. Elimination of the need for human intervention and rapid action are some of the major advantages offered by fire sprinkler systems over the other firefighting equipment products such as fire extinguishers and suppression systems.” Mansi concluded.

“Middle East, Turkey & Africa Fire Safety Systems & Equipment Market (2020-2026)" report provides an in-depth analysis with estimates and forecasts by types, applications, and countries. The report has been produced to provide an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers to potentially offer help to stakeholders to devise and align their market strategies according to the current and future market dynamics.


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