SecurityWorldMarket

16/10/2019

Modest growth for ME fire sector to 2025

New Delhi, India

According to 6sresearch, the Middle East Fire Safety Systems And Equipment Market is expected to grow at a CAGR of 2.6% during 2019-25. The decline in oil prices has adversely affected the economy of Middle East countries such as Oman, Saudi Arabia and UAE.

These countries are looking beyond the oil sector, thus, planning infrastructure development and promoting & implementing development initiatives for the non-oil sectors such as in Saudi Arabia expansion for religious tourism in Makkah and Madinah have been announced in addition to the development of large, unused land areas across the country as part of the Saudi economic diversification plan. Hence, the Middle East fire safety systems and equipment market would register stable growth during the forecast period.

According to Apoorva Sawhney, Research Analyst, Research and Consulting, 6wresearch, "Firefighting systems & equipment including fire extinguishers, sprinkler systems and suppression systems acquired a dominant share in the market as a result of enhanced safety measures being adopted in buildings for instance recent fire incidents in the UAE have compelled the government to introduce new fire safety regulations which makes it obligatory to install and maintain firefighting systems."

Moreover, fire sprinkler systems accounts for the dominant share in the fire fighting systems and equipment market due to the mandatory installation of fire sprinkler systems in car parks, high-rise buildings and retail stores in the UAE and Qatar.

According to Hardik Malik, Research Analyst, Research and Consulting at 6wresearch, “Smoke detectors acquired a dominant share in the fire detection and alarm systems segment and are anticipated to lead the market in terms of revenue owing to applications in commercial activities, residential buildings, industrial processes, etc."

"Further, the technical and mechanical structure of addressable type fire alarms makes them more reliable. As a result, there is heavy deployment of addressable fire alarms in all types of buildings, and as a result they account for the majority of the market share in fire alarm systems market the Middle East”, Hardik concluded.

Some of the key players metioned in the new research as active in the Middle East fire safety systems and equipment market include: Amerex Corporation, Saudi Factory for Fire Equipment Co, Emirates Fire Fighting Equipment Factory LLC (Firex), Minimax Viking GmbH, Unisafe Fire Protection Specialists Llc, Naffco Fzco, Fike Corporation, Tyco Fire Protection Products, Honeywell International Inc and Siemens Middle East Limited.


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