Frost & Sullivan’s Test & Measurement team have found that innovation in manufacturing technology will reduce production costs and stimulate market growth
The Middle East fire protection systems market is witnessing double-digit growth, driven by growing construction activities, technology innovation, and accelerated fire protection expenditure by institutions and enterprises. Implementation of unified building codes across all end-user segments mandated by local authorities has further pushed the demand for fire protection products in the region. The market has forced suppliers to embrace smart, integrated, digitally intelligent devices and solutions; collaborate with industry stakeholders; and become top product service quality providers.
The Middle East fire protection market, new research from Frost & Sullivan’s Automatic Identification and Security Growth Partnership Service, finds that the Middle East fire protection market is estimated to grow at a compound annual growth rate of 12.2 per cent from a market size of US$2.21bn in 2015 to U$4.40bn in 2021, making it one of the largest fire protection markets in the world. The study highlights revenue forecast by vertical sector, trends, drivers, restraints and opportunities.
Integrated and intelligent fire systems that sense, detect and prevent will usher in accelerated growth. As end-user landscape and building dynamics are constantly changing, consumers demand technologically advanced but cost-effective products, leading to a shift from the traditional reactive-based suppression solution toward a more active detection module. New age intelligent fire systems offer integrated solutions by linking with equipment in the vicinity; sensing, gathering and analysing data from the environment; and ringing the alarms to a possible fire. Consumers are aware of damage caused by fire and demand advanced products that prevent fire from catching and spreading, thereby minimising loss.
“Participants should look toward untapped opportunities in retrofitting buildings and critical infrastructure with intelligent and integrated fire protection systems that analyze and sense the environment,” said Automatic Identification and Security Research Analyst, Sagarina Rai. “Rising interest and investment in smart and safe city initiatives in the United Arab Emirates, Qatar, and Abu Dhabi will further boost demand for fire protection products.”
Frost & Sullivan's study covers fire protection market segments such as management systems, detection systems, response systems and analysis software. Vertical markets include oil and gas, commercial and residential, power and utilities, industrial and transportation. Countries included in the research are Saudi Arabia, The United Arab Emirates, Oman and Qatar, and Rest of the Middle East.
