According to 6wresearch, UAE Public Address and General Alarm Systems market revenues are projected to grow at a CAGR of 7.3% during 2019-25. Efforts being made by the government to diversify the energy sector along with multiple ongoing and upcoming infrastructure construction projects under the Dubai Expo 2021 and Vision 2021 initiatives are predicted by the researchers to help to propel the demand for public address and general alarm systems in the energy infrastructure domain in UAE over the years to come.
The government of the United Arab Emirates is implementing several initiatives such as Vision 2021, across multiple industrial domains with the aim of strengthening the overall economy of the country. As a result, private and public investments in the oil and energy sector are also predicted to rise in the near future. Growing industrial verticals, especially the oil sector, would, therefore, lead to the rise in demand for public address and general alarm systems in the country during the forecast period.
According to Rachit Gulati, Senior Research Analyst, Research and Consulting, 6wresearch, "The oil & gas segment is the highest revenue-generating sector by application in the overall UAE public address and general alarm systems market owing to the widespread use of such systems in large oil & gas ventures."
"Owing to upcoming projects in the oil & gas domain such as the Sharjah Liquefied Natural Gas Import Terminal and Ruwais Offshore Crude Processing Plant, the demand for PAGA systems in the segment would see healthy growth over the coming years," Rachit further added.
According to Kanchan Negi, Research Analyst, Research and Consulting, 6wresearch, "Network broadcasting PAGA systems are the most prominently used systems, by type, owing to the growing acceptance of advanced IP based technology in sectors such as the oil & gas and power & utilities. In such segments, IP amplifiers and IP speakers with built-in amplifiers are increasingly gaining traction."
Some of the key players in the UAE PAGA Systems market include Federal Signal Corporation, Hubbell Incorporated, and Industrie-Electronic GmbH & Co. KG.
The "UAE Public Address And General Alarm Systems Market (2019-2025)" report gives estimations and forecasts on the PAGA Systems market by types, applications, and regions, and also presents an analysis of the on-going trends, opportunities/high growth areas and market drivers.
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Media Courtesy : Security World Market