Saudi Arabia Fire Safety Systems and Equipment Market 2017-2023
Saudi Arabia Fire Safety Systems and Equipment market is projected to grow at a CAGR of 5.6% during 2017-23. Fire Safety systems and equipment market has registered robust growth until 2014, however the market has declined post 2014 due to reduced government spending across various sectors. The market is expected to recover post 2017 due to changing government policies to support establishment of new industries related to petrochemical, IT/ITeS, automotive manufacturing and development of public infrastructure.
Saudi Arabia Fire Safety Systems and Equipment market is projected to grow at a CAGR of 5.6% during 2017-23. Fire Safety systems and equipment market has registered robust growth until 2014, however the market has declined post 2014 due to reduced government spending across various sectors. The market is expected to recover post 2017 due to changing government policies to support establishment of new industries related to petrochemical, IT/ITeS, automotive manufacturing and development of public infrastructure.
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<strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> <strong>Safety</strong> <strong>Systems</strong> And <strong>Equipment</strong> <strong>Market</strong> has<br />
witnessed robust growth until 2014 on account of large scale<br />
infrastructural development in the country.<br />
However, the market has declined post 2014 due to financial crisis<br />
as a result of low crude oil prices.<br />
The kingdom's budget deficit stood at $98 billion in 2015 <strong>and</strong> $79<br />
billion in 2016.<br />
Conditions are likely to revive in late <strong>2017</strong> <strong>and</strong> market would<br />
become stable with investments being made in tourism <strong>and</strong> oil &<br />
gas sector.<br />
www.marketreportsonsaudiarabia.com
<strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> <strong>Safety</strong> <strong>Systems</strong> <strong>and</strong> <strong>Equipment</strong> market is<br />
projected to grow at a CAGR of 5.6% during <strong>2017</strong>-23.<br />
<strong>Fire</strong> <strong>Safety</strong> systems <strong>and</strong> equipment market has registered robust<br />
growth until 2014, however the market has declined post 2014 due<br />
to reduced government spending across various sectors.<br />
The market is expected to recover post <strong>2017</strong> due to changing<br />
government policies to support establishment of new industries<br />
related to petrochemical, IT/ITeS, automotive manufacturing <strong>and</strong><br />
development of public infrastructure.<br />
The Eastern Region accounted for the largest revenue share in the<br />
country in 2016, followed by the Western region.<br />
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Major industries of oil <strong>and</strong> gas petrochemical are located in the<br />
Eastern region, hence leading to growth in fire safety systems <strong>and</strong><br />
equipment market.<br />
The Western region would also witness stable growth owing to the<br />
development of tourism sector in the region. Some of the key<br />
players in <strong>Saudi</strong> <strong>Arabia</strong> fire safety systems <strong>and</strong> equipment market<br />
include- SFFECO, Heba, Tyco <strong>and</strong> NAFFCO.<br />
The report thoroughly covers the <strong>Saudi</strong> <strong>Arabia</strong> fire safety systems<br />
<strong>and</strong> equipment market by types, verticals <strong>and</strong> regions.<br />
The report provides an unbiased <strong>and</strong> detailed analysis of the ongoing<br />
trends, opportunities high growth areas, market drivers which<br />
would help the stakeholders to device <strong>and</strong> align their market<br />
strategies according to the current <strong>and</strong> future market dynamics.<br />
www.marketreportsonsaudiarabia.com
Historical Data of <strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> <strong>Safety</strong> <strong>Systems</strong> <strong>and</strong> <strong>Equipment</strong><br />
<strong>Market</strong> Revenues for the Period 2014-2016.<br />
<strong>Market</strong> Size & Forecast of <strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> <strong>Safety</strong> <strong>Systems</strong> <strong>and</strong><br />
<strong>Equipment</strong> <strong>Market</strong> Revenues until <strong>2023</strong>.<br />
Historical Data of <strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> Fighting <strong>Systems</strong> <strong>and</strong><br />
<strong>Equipment</strong> <strong>Market</strong> Revenues for the Period 2014-2016.<br />
<strong>Market</strong> Size & Forecast of <strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> Fighting <strong>Systems</strong> <strong>and</strong><br />
<strong>Equipment</strong> <strong>Market</strong> Revenues until <strong>2023</strong>.<br />
Historical Data of <strong>Saudi</strong> <strong>Fire</strong> Detection & Alarm <strong>Systems</strong> <strong>Market</strong><br />
Revenues for the Period 2014-2016.<br />
<strong>Market</strong> Size & Forecast of <strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> Detection & Alarm<br />
<strong>Systems</strong> <strong>Market</strong> Revenues until <strong>2023</strong>.<br />
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<strong>Fire</strong> Fighting <strong>Systems</strong> <strong>and</strong> <strong>Equipment</strong><br />
<strong>Fire</strong> Extinguishers<br />
‣ CO2<br />
‣ Dry Chemical<br />
‣ Clean Agent<br />
‣ Foam <strong>Fire</strong><br />
‣ Wet Chemical<br />
‣ Water<br />
<strong>Fire</strong> Detection <strong>and</strong> Alarm<br />
<strong>Systems</strong> <strong>and</strong> <strong>Equipment</strong><br />
‣ Smoke Detectors<br />
‣ Heat Detectors<br />
‣ Gas Detectors<br />
‣ Flame Detectors<br />
‣ Beam Detectors<br />
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By Verticals<br />
‣ Residential<br />
‣ Commercial<br />
‣ Industrial<br />
‣ Hospitality<br />
‣ Retail<br />
‣ Oil & Gas<br />
By Regions<br />
‣ Eastern<br />
‣ Western<br />
‣ Central<br />
‣ Southern<br />
www.marketreportsonsaudiarabia.com
<strong>Saudi</strong> <strong>Arabia</strong> <strong>Fire</strong> <strong>Safety</strong> <strong>Systems</strong> <strong>and</strong> <strong>Equipment</strong> <strong>Market</strong> <strong>2017</strong>-<strong>2023</strong>
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