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Middle East Fire Safety Systems Market : Increasing Regulations and Emerging Opportunities Boost the Growth of the Fire and Safety Market, Frost & Sullivan

  • January 2015
  • -
  • Frost & Sullivan
  • -
  • 88 pages

Summary

Table of Contents

Executive Summary

•The fire safety systems market in the GCC is witnessing a revival after the economic crisis. It is expected to grow at the rate of x % between 2013 and 2018.
•Industrial segment would continue to grow and dominate the demand; however, segments such as commercial buildings, retail malls, institutional buildings, infrastructure and other high-rises will contribute to new demand because of increased construction activities.
•Saudi Arabia and the UAE will continue to dominate the fire safety systems market in the GCC due to the size of the economy. Industrial and commercial segments in these two countries drive most of the demand in the fire safety market.
•Increasing penetration of environment-friendly fire suppression agents and advanced fire detection technologies are playing a critical role in shaping market dynamics. Stricter enforcement of building and fire safety codes will improve not only the awareness but also the penetration of advanced fire safety equipment.
•The market is expected to be dominated by international companies (e.g., Honeywell, UTC) mainly due to their long-standing presence and brand reputation. Also these brands follow high safety and internationally accepted standards which increases credibility among end users.
•Currently, price determines the competitiveness of the product, it is soon expected to change. End users are increasingly willing to adopt advanced safety measures despite slightly higher cost.

CEO’s Perspective

Saudi Arabia and the UAE will remain important pockets of growth due to rapid increase in construction activities.
Environment conscious governments are likely to impose strict regulations enforcing usage of clean agents.
A shift in marketing trend was seen; international companies are increasingly spending on connecting with influencers and end users directly to gain credibility.
An integrated approach, where companies jointly bid for the entire safety and security project involving other security technologies is helping participants in this market.
Although currently low, the penetration rate of IP (Internet protocol) technology in the fire and life safety market will grow rapidly in the future.

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