UAE fire safety market on track to top $665m

The UAE fire safety systems and equipment market are projected to reach around $669 million by 2021, a report said.

UAE fire safety systems and equipment market are quite matured, however, the market is still witnessing significant installations due to growth in the construction market, explained the new report titled: UAE Fire Safety Security & Equipment Market (2015-2021) from 6Wresearch, a global leader in business research.

UAE accounted for over 28 percent share in the overall GCC construction market. Additionally, increasing penetration of safety equipment in both commercial and residential verticals has further spurred the growth of the market.

Rajat Kharbanda, senior consultant, Research and Consulting, 6Wresearch, said: "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," Kharbanda added.

Prijo Samuel, senior research analyst, Research and Consulting, 6Wresearch, said: "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 percent 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," he added.

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, according to the report.

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Media Courtesy : Trade Arabia