UAE is the key revenue generating country in Middle-East fire safety systems & equipment market. UAE fire safety systems & equipment market is quite matured, however the market is still witnessing significant installations due to growth in construction market. UAE accounted for over 28% share in overall GCC construction market. Additionally, increasing penetration of safety equipment in both commercial and residential verticals has further spurred the growth of the market.
According to 6Wresearch, UAE Fire Safety Systems & Equipment Market is projected to reach around $669 million by 2021. In 2012, UAE registered sluggish demand for these systems & equipment owing to economic slowdown, civil unrest, decline in oil prices and depreciating dollar value. On the contrary, 2014 recorded significant development in the market. Fire safety systems & equipment becomes very handy in mega infrastructures at the time of fire breakdown. Increasing fire incidents are boosting the installations of these systems and equipment. Recent fire incident at Torch Tower in Dubai Marina is driving the adoption of advanced firefighting & safety equipment in the country.
According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “Fire detection systems & equipment segment dominates overall fire protection market, which includes smoke & heat detectors followed by fire extinguishers.”
“Amongst all verticals, commercial offices and residential verticals accounted majority of the demand; residential vertical is citing major demand for fire safety systems & equipment after implied regulations by UAE government,” Rajat further added.
According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, “Growing building automation trend has played a significant role in shaping fire safety systems & equipment market in UAE. UAE building automation market has registered over 6% growth year-on-year”.
“Moreover, after implication of government regulations on the installation of fire safety systems & equipment, UAE exhibited entry of major global fire safety players; upcoming World Expo 2020 would further encourage the demand for fire safety systems & equipment due to rising infrastructures in transportation, retail and hospitality verticals. More than $200 billion would be invested to build the infrastructures for the upcoming six month duration event,” Samuel concluded.
The major companies in UAE Fire safety systems & equipment market include- NAFFCO, FIREX, UTC Fire & Security, Bristol Fire Engineering, Dafoos Group, Unisafe Fire Protection Specialists, Honeywell, New Age Company, Viking Arabia, Tyco Fire & Security and DuPont.
“UAE Fire Safety Security & Equipment Market (2015-2021)” provides in-depth analysis with 148 figures and 38 tables covered in over 180 pages. The report estimates and forecast overall UAE fire safety security & equipment market by revenue, volume, by types & sub-types of fire safety systems & equipment and verticals such as energy, residential, industrial & manufacturing, healthcare & hospitality, transportation & defense, retail & logistics, commercial offices and education & BFSI. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market trends, market drivers and restraints.