SecurityWorldMarket

24/06/2020

Middle East fire alarm market driven by new regulations

New Delhi, India

The Middle East Fire Alarm Market has witnessed growth due to increasing government investment coupled with growing constructional activities. The major factors driving the demand for the fire alarm market in the Middle East are technology advancement and growing awareness regarding the strictness of safety codes and standards. Additionally, growing government initiatives and increasing smart city projects would further propel the growth of the fire alarm market in the Middle East.  This is according to the latest information from 6wresearch.

The analysts expect the Middle East fire alarm market to grow during 2020-2026. In terms of types, the audible alarm segment is dominating the fire alarm market revenue share in Middle East, which say the researchers is attributable to modernisation, rapid urbanisation, easy installation and rising demand for public address systems along with voice alarm systems.

Moreover, in the region, Saudi Arabia and UAE are expected to lead a major revenue share in the fire alarm market over the forecast period in the Middle East due to surging security concerns, changing lifestyles and rising industrialisation in those countries

In the Middle East, the market is expected to witness negative growth in the economy over the first quarter of 2020, on account of the coronavirus pandemic which has had a major impact on worldwide business. However, the market in the Middle East is expected to recover and to show a healthy growth in its economy during the second half of 2020-2026. In terms of applications, the commercial segment is expected to lead the fire alarm market revenue share in the Middle East over the study period because of the increasing investment in the private sector coupled with the growth in the commercial sector.

The Middle East Fire Alarm market report covers the Middle East Fire Alarm market from 2020- 2026, and includes types, applications and key countries including Saudi Arabia, Qatar, UAE, Kuwait, Oman, Turkey, Bahrain, and Rest of Middle East.

The Middle East Fire Alarm market outlook report aims to provide an unbiased and detailed analysis of the on-going Middle East Fire Alarm market trends, opportunities/high growth areas, market drivers, and Middle East Fire Alarm market share by company, with a view to helping stakeholders to devise and align market strategies according to their current and future market dynamics.


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