GCC Fire Safety Equipment Market Comprehensive Analysis and Forecast 2023 to 2028

GCC Fire Safety Equipment Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The GCC Fire Safety Equipment Market is projected to grow at a CAGR of around 3.26% during the forecast period, i.e., 2023-28. The GCC Fire Safety Equipment Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s GCC Fire Safety Equipment Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC Fire Safety Equipment Market drivers, barriers, GCC Fire Safety Equipment Market Trends, and Key Players in GCC Fire Safety Equipment Market.
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GCC Fire Safety Equipment Market Dynamics: 2023-2028
Market Dynamics:
Key Driver: Expansion of IT and Retail Sector to Drive Growth of Fire Safety Equipment Market
The massive industrialization and urbanization in the Gulf region countries such as the UAE, Saudi Arabia and Kuwait, etc., is fueling the need for sophisticated system to detect and prevent fires. In the UAE, the growth of retail sectors & commercial spaces has been contributing to the demand for fire safety equipment. The construction of retail stores is rising significantly. According to the Majid Al Futtaim Group, a real estate and retail conglomerate, retail consumer spending in the United Arab Emirates increased by about 14% in 2022 compared to the same period in 2019.
In addition, favorable government policies such as the UAE Fire and Safety Code of Conduct and Saudi Arabia's SBC 801 Building Code Fire Protection Requirements mandate the implementation of firefighting equipment in new construction and renovation projects. reconstruction and renovation, promoting the growth of the sector in the coming years.
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GCC Fire Safety Equipment Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Equipment Type
-Fire Extinguishers
-Fire Suppression Systems
-Fire Sprinkler Systems
-Fire Detection and Alarm Systems
By End User
-Residential
-Commercial
-Industrial
-Hospitality
-Retail
-Oil and Gas
By Countries
-The UAE
-Saudi Arabia
-Qatar
-Kuwait
-Oman
-Bahrain.
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Top Companies Operating in the GCC Fire Safety Equipment Market:
Amerex Corporation, Emirates Fire Fighting Equipment Factory LLC (FireX), Fike Corporation, Honeywell International Inc., Minimax-Viking Gmbh, NAFFCO FZCO, Saudi Factory for Fire Equipment Co., Bristol Fire Engineering, Johnson Controls (Tyco), Al Aman Fire, Others.
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