Middle East & Africa Fire Safety Equipment Market Research Report, 2027

The recent publication of Actual Market Research under the title – Middle East & Africa Fire Safety Equipment Market Research Report, 2027 provides an in-depth market analysis of the regional fire safety equipment industry. The CAGR value in the forecast period is expected to grow at CAGR value of 6.57%. In 2021, the market value was worth expected to grow to USD 0.35 Billion. This report covers the detailed insights of the equipment based on product category- Fire Detection, Fire Alarm & Fire Suppression. It also included insights along with the value analysis of the fire safety equipment. The report also mentions the competition of leading companies that are involved in the manufacturing of fire safety equipment. The fire safety equipment market in the Middle East & Africa region had witnessed considerable growth over the year and by the end of the forecasted period, it is expected to reach over a market value of USD 4900 Million. The major driver behind this growth is the implementation of the safety stringent safety norms in the region, Apart from this, the rapid growth of the construction sector in UAE & Qatar is also likely to be aiding the market value. The need for fire safety systems and equipment, particularly fire fighting gear and fire detection and alarm systems, is largely being driven by the commercial and hospitality sectors. Government development plans like Saudi Vision 2030 and Qatar National Vision 2030 will help these nations improve their infrastructure, especially in the non-oil sector, which will increase demand for the aforementioned systems throughout the projection period. The market is likely to expand over the upcoming years as Middle Eastern and African nations are anticipated to go through a building frenzy, with projects involving the development of massive commercial facilities including economic cities, medical cities, hotels, and offices. In terms of product segment, the market is led by the fire detection equipment, which is led by its sub-segment of smoke detectors. The fire equipment market in the region is driven by large-scale construction activities. The growth is also fuelled by the fire safety equipment installation guidelines, established due to the rising number of fire incidents and increasing awareness regarding fire safety measures. The fire alarm segment in the region was led by the conventional fire alarm panels, which held approximately 40% of the market share in 2021. Not only the government is embedding the rules & laws, but also the manufacturers and the end-users are emphasizing the safety measure against the fire breakout. The installation of fire safety equipment has inclined across different industry verticals, and thus leading the market with more than half of the market share since the year 2016. The market growth in the region is to be backed by the spree in the construction industry during the forecasted period. The major construction projects in the region include the setup of large commercial establishments, smart cities, medical infrastructure, hotels, etc. The commercial vertical is also a key user of the fire safety equipment, majorly of the detection and the safety equipment. The Middle East and Africa market has had moderate expansion in recent years, which has been supported by the construction industry's explosive rise, as nations like Qatar and the UAE made significant investments in infrastructure during this time. The Middle East, Turkey, and Africa region's market for fire safety systems and equipment is being driven in large part by the implementation of strict safety regulations. After 2020, the market is predicted to recover as demand increases and economic activity gradually opens up. The ongoing global pandemic COVID-19, however, hindered Saudi Arabia's overall economic growth and restrained the development of the Middle East, Turkey, and African markets for fire safety systems and equipment. The market is likely to expand during the next years as building initiatives, such as the creation of massive commercial establishments including economic cities, medical cities, hotels, and offices, are anticipated to take place in the Middle Eastern and African nations. The rise described above would also be fuelled by recommendations issued by various governments mandating the installation of fire safety equipment in commercial buildings as a result of an increase in fire incidences and public knowledge of fire safety precautions. The development plans of governments like Qatar National Vision 2030 and the Saudi Vision 2030 are also to be aiding the growth of the fire safety equipment market in the region. The region is led by Saudi Arabia, which held a market share of 23.30% in the year 2021. In this leading country, according to the WHO data of 2018, fire causalities are the major mortality cause, which recorded 625 deaths. In the countries like Egypt, Algeria, and Nigeria the increasing adoption of fire safety equipment is seen in the petrochemical industries. With the mandatory installation of the fire safety system, the fire death declined to 420 in 2017, which in the year before was 486. Major companies mentioned in the report: Gentex Corporation, HOCHIKI Corporation, Napco Security Technologies, Inc., Nittan Company, Ltd., Halma plc, Robert Bosch GmbH, Honeywell International, Inc., Siemens Building Technologies CONSIDERED IN THE REPORT • Geography: Middle East & Africa • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 COUNTRIES COVERED: • UAE • Saudi Arabia • South Africa ASPECTS COVERED IN THE REPORT • Market Size by Value for the period (2016-2027F) • Market Share by Product Type (Fire Detection, Fire Alarm, Fire Suppression) • Market Share by Application (Commercial, Industrial, Residential) • Market Share by Region • Market Share by Country The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the elevator and escalator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.