6Wresearch: Middle East fire safety sector to be worth $2.3bn by 2025
Posted On: 31-10-2019
Report: Middle East fire safety systems and equipment market will grow 2.6% per year until 2025
The Middle East fire safety systems and equipment market will rise at a compound annual growth rate of 2.69% to be worth $2.3bn (AED8.4bn) by 2025, compared to its present value of $1.96bn (AED7.2bn), with key drivers being the UAE, Turkey and Saudi Arabia, according to a 6Wresearch report.
Economic growth, and an increasing demand for sophisticated detection and fire-fighting systems in the commercial and industrial buildings sectors, are boosting growth in the fire safety sector.
According to the report, market demand is largely for fire-fighting systems and equipment, which accounts for 58% of spend, followed by fire detection and alarms systems at 31.8%, and emergency and exit lighting accounting for 10.3% of spend in the sector.
Exhibitors at the 22nd edition of Intersec, which will take place 19-21 January, 2020, at the Dubai World Trade Centre, have revealed that the fire safety sector is being subject to technology disruption that will change the face of the industry.
Commenting on the disruption in the industry, Head of Sales - Middle East and North Africa at UK-based Apollo Fire Detectors, Mohammed Saber Al Zaben, said: “The fire industry as a whole is adopting new technologies in many areas: better firefighting equipment, improved fire simulation to design safer buildings, and better use of big data to track and predict fires.”
Al Zaben added: “The technology used in wireless fire detectors is also becoming more reliable, leading to greater use of this technology in environments where wired systems are not appropriate. This includes historic buildings where the building fabric cannot be penetrated, and outdoor environments such as stadia and shopping centres.”