GCC Fire Safety Equipment Market Revenue, Trends Analysis, expected to Grow 3.26% CAGR, Growth Strategies and Future Outlook 2030: MarkNtel Advisors
GCC Fire Safety Equipment Market Overview
As per recent research by MarkNtel Advisors, 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.
GCC Fire Safety Equipment Market Dynamics
Market Drivers : 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.
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GCC Fire Safety Equipment Market Segmentation Overview 2023-2028: Key Factors
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
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GCC Fire Safety Equipment Market Geographical Insights:
By Countries:
-The UAE
-Saudi Arabia
-Qatar
-Kuwait
-Oman
-Bahrain
Key Players and Competitive Strategies in the GCC Fire Safety Equipment Market
Several prominent players dominate the GCC Fire Safety Equipment Market, 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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Questions Addressed in this Study
1.How big is the GCC Fire Safety Equipment Market Size?
2.What is the GCC Fire Safety Equipment Market Growth?
3.Who are the key players of the GCC Fire Safety Equipment Market?
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