GCC Fire Safety Equipment Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled GCC Fire Safety Equipment Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing GCC Fire Safety Equipment market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

GCC Fire Safety Equipment Reports Highlights

What is the size of the GCC Fire Safety Equipment Market?

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, owing to the presence of extensive oil & gas and chemical industries in the region. The application of these equipment’s in the end user industries is also surging to eliminate the risks associated with the toxic chemicals utilized in the manufacturing & petrochemical industries. Further, increased use of fire safety equipment is also being fueled by stringent government workplace safety enforcement and regulations, as well as the rise in automation brought on by smart homes and construction projects. Additionally, the strict enforcement of building safety codes and regulations has been necessitated by an increase in safety concerns in the region.

What do the growth prospects and trends look like in the GCC Fire Safety Equipment Industry?

The market is registering the integration of cutting-edge technology in fire safety equipment in recent years. Manufacturers are being prompted to incorporate cutting-edge technologies like the Internet of Things (IoT) in fire safety equipment with the objective to reduce risk to life and property posed by fires more easily and efficiently. These systems are mainly designed to detect the potential presence of fire in advance with the use of sensors by reading a building's temperature. This preventive measure is becoming the reason for their preference over conventional fire safety systems. Thus, Internet of Things (IoT) integrated fire safety equipment is increasingly being installed during the construction of smart buildings.

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What Components are encompassed within GCC Fire Safety Equipment Market segmentation?

The report has divided the market into the following segments:

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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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-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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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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