The Middle East fire safety systems and equipment market is projected to grow at a CAGR of 7.8 per cent during 2018-2024, according to a new report by Research and Markets, one of the leading market research resource across the world
Expanding construction industry along with stringent regulations pertaining to fire safety in buildings are expected to fuel the growth of fire safety systems and equipment market in Saudi Arabia, Qatar, the UAE and other countries across the Middle East.
In addition to it, government initiatives including Saudi Vision 2030, the UAE Vision 2021 and Oman Vision 2020 are set to boost the construction of public infrastructure projects. These are some of the major factors that would drive the demand for fire safety systems and equipment market in the Middle East.
Fire safety systems and equipment market is considered to grow during the projected period mainly due to the rising construction activities and installation of fire safety equipment in public places, residential apartments and offices.
According to Research and Markets, commercial and hospitality sectors are the major verticals that are driving the demand for fire safety systems and equipment such as sprinklers and suppression systems. Upcoming mega events like Dubai World Expo 2020 and etc are set to lead to the development of the infrastructure sector in the entire region.
