The Middle East fire safety systems and equipment market is expected to register 2.6 per cent compound annual growth rate (CAGR) to 2025 accumulating a combined value of US$2.3bn, according to a recent 6Wresearch recent report
The report says the sector will grow from its current value of US$1.96bn over the next five years with the UAE, Turkey and Saudi Arabia being the crucial drivers for the Middle East.
Growth projections are being accredited to economic growth and increasing demand for sophisticated detection and fire-fighting systems with the bulk of the demand emanating from the commercial and industrial buildings sector.
Market demand is largely for fire-fighting systems and equipment, which accounts for 58 per cent of spend, followed by fire detection and alarms systems at 31.8 per cent and emergency and exit lighting taking up 10.3 per cent.
The news comes as exhibitors due to take part in Intersec, the world’s leading trade fair for security, safety and fire protection, reveal that the sector is subject to massive technology disruption that will change the face of the industry and keep people safer.
Intersec, now in its 22nd edition, will host more than 1,200 exhibitor from 54 countries around the world, taking place at Dubai World Trade Centre from 19-21 January 2020.
