GCC Fire Extinguishers Market 2016-2020

Overview of the GCC fire extinguishers market

The Gulf Cooperation Council (GCC) fire extinguishers market is anticipated to grow rapidly and will post a CAGR of more than 17% during the forecast period. The increasing focus on protecting assets and investments of a business infrastructure will drive the growth prospects for the GCC fire extinguishers market during the forecast period. A building employs several assets like furnishings, electronic items, fittings and fixtures, documents, and other electro-mechanical equipment. As a result, inefficient fire safety precautions may compromise the safety of the occupants along with the assets employed within the facility. Also, in some cases, the presence of flammable chemicals or materials may result in an aggravated fire incident, causing a huge loss to the company. Some other factors that aggravate fire are high pressure and lack of sufficient entry and exit points. To avoid such circumstances, it is essential to install firefighting equipment in a building.

In terms of geography, Kingdom of Saudi Arabia accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. KSA is the highest contributor in terms of revenue because of the rising construction projects in the real estate, healthcare, retail, hospitality, and education industries. Also, with the increasing fire incidents across the globe and the recent growth in high-rise buildings, the demand for advanced fire safety measures is also increasing in the country. Other contributing factors responsible for the market’s growth in the region is the increasing mandatory regulations set by the government. Furthermore, it is anticipated that the commercial and residential properties will drive the demand for fire extinguishers in the region until the end of 2020.

Competitive landscape and key vendors

The GCC fire extinguishers market is highly diversified due to the presence of both established MNCs and regional players offering fire-fighting solutions and services to end users. With rising advancements in fire prevention technology and growing awareness of end users, various new vendors are expected to enter the market during the forecast period. Furthermore, to develop eco-friendly, lightweight and compact extinguishers, the vendors are increasingly investing in research and developmental activities.

Key vendors in this market are -

• Amerex
• Kidde Fire Systems
• Tyco Fire Protection Products
• NAFFCO
• Bristol

Other prominent vendors in the market include Albilad Fire Fighting Systems, Heba fire and safety systems, and SFFECO.

Segmentation by product and analysis of the GCC fire extinguishers market

• Carbon dioxide
• Dry chemical
• Foam

The dry chemical fire extinguishers segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next four years. Some of the factors responsible for the market segment’s growth include its wide range of applications and effectiveness in comparison to other products.

Segmentation by end user and analysis of the GCC fire extinguishers market

• Industrial
• Commercial
• Residential buildings

In terms of revenue, the industrial sector segment occupied the maximum market share during 2015 and will continue to dominate the market for the next four years. One of the major factors responsible for its growth is the increasing use of fire extinguishers in manufacturing facilities for safety purposes.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the GCC fire extinguishers market?
• What are the key market trends impacting the growth of the GCC fire extinguishers market?
• What are the challenges to market growth?
• Who are the key vendors in the GCC fire extinguishers market?
• What are the market opportunities and threats faced by the vendors in the GCC fire extinguishers market?
• What are the trending factors influencing the market shares of the Kingdom of Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman?
• What are the key outcomes of the five forces analysis of the GCC fire extinguishers market?

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