Posted On: 2017-08-02
Africa Fire Safety Systems and Equipment Market is expected to witness substantial growth during 2017-23. Infrastructure development would take place along with the revival of economy, particularly in the retail, commercial, hospitality, petrochemical and chemical industries, which would surge the demand for fire safety systems and equipment in the region.
According to 6Wresearch, Africa Fire Safety Systems and Equipment Market is projected to grow at a CAGR of 10.2% during 2017-23. South Africa, Nigeria and Egypt are the key countries which are increasing the demand for fire safety systems and equipment market in Africa. Further, government initiative for economic diversification has further spur the market for fire safety systems and equipment.
According to Ravi Bhandari, Assistant Manager, Research and Consulting, 6Wresearch, "Fire Sprinkler Systems in the fire fighting systems and equipment segment holds majority of the share in the market. These systems are installed in high rise buildings, malls and hotels.
Further, in fire suppression systems, clean agent (FM-200, NOVEC, Inergen) fire suppression system dominates the market. Additionally, wet chemical fire suppression systems are expected to grow during the forecast period. However, the growth is limited as these are installed only in kitchens of the hotels and restaurants.
According to Kanika Sharma, Research Associate, Research and consulting, 6Wresearch, "Fire detection and alarm systems are expected to register highest growth over the next six years, with smoke detectors capturing the maximum share; whereas beam detectors are witnessing the maximum growth in major countries such as South Africa, Nigeria, Egypt and Algeria.
The investment in non-oil sectors, particularly in tourism sector has resulted in the development of hospitality and retail sectors, which has further increased the demand for fire safety systems and equipment in the region, Kanika Concluded.
Some of the major companies in Saudi Arabia fire safety systems and equipment market includes Tyco, Honeywell, UTC, NAFFCO, Bavaria, Hochiki, Fike and Siemens.
"Africa Fire Safety Systems and Equipment Market (2017-2023)" report provides in-depth analysis with 378 figures and 22 tables covered in more than 470 pages. The report estimates and forecast the overall Africa Fire Safety Systems and Equipment Market by Types, Verticals and Countries. The report also offers insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.