The residential areas may contain the following fire safety systems like fire extinguishers, fire hose reels, fire hydrant systems and automatic sprinkler systems. This equipment is most commonly used in residential areas. A fire extinguisher is provided for a first attack fighting measure, it is generally undertaken by the people living there before the fire service arrives to the accident place. Next is the fire hose reel even it is used as the same way like the fire extinguisher, as a first attack. When you are stowing a fire hose reel, it is very important to keep in mind that first attach the nozzle to the end of the hose reel valve and then close the hose valve and after that open the nozzle to relieve any pressure inside it. The fire hydrant system is installed to help out the fire fighters to quickly attack on the fire. It is generally a water reticulation system that used to transport water, in order to limit the amount of hose. Lastly, the automatic sprinkler system is known to be one of the reliable methods used for controlling fires. The sprinklers are connected to a pressurised water system for the continuous flow of water during any fire. When the system senses the fire, it opens up at a pre-set temperature and allows the pressurised water to spray both down and onto the fire. The spray also wet the combustible material in the area surrounded with fire, to prevent the fire from spreading.
According to the research report published by Actual Market Research titled “Saudi Arabia Fire Safety Equipment Market Research Report, 2027”, the country will be growing with more than 5.7% CAGR by the forecasted period. As per the search, the residential areas are taking protective measures by installing fire safety equipment in their buildings. The commonly installed equipment like fire extinguishers, fire hoses, fire sprinklers and etc. As a result, the residential areas are growing with the highest CAGR.
Over the course of the projection period, it is also anticipated that the shift toward the installation of technologically improved fire detection systems and environmentally friendly fire suppression chemicals would boost market growth. Other factors driving market growth include the introduction of smart fire suppression and detection systems, the expansion of the Internet of Things (IoT) for the wireless integration of such systems, the enforcement of various safety and building codes, and rising fire safety expenditure by businesses. The necessity for the implementation of smart technologies, including wireless sensor networks, throughout the industrial, commercial, and residential sectors has been prompted by an increase in accidents and property damage as a result of fire breakouts. As a result, regulatory agencies in several nations are developing new laws that mandate the installation of fire safety devices.
The market is divided into three categories based on application: commercial, residential, and industrial. Over the projection period, the residential category is anticipated to have the greatest CAGR. Due to growing knowledge of fire safety equipment and its advantages, the demand for it has expanded dramatically over the past two years throughout this industry. It is also projected that the expansion would be fueled by the expanding infrastructure construction in both established and emerging nations. The industrial application segment led the market. Manufacturing, energy and power, transportation industries, and oil and gas are all included in this area. Because the risk is so great, many industries place a lot of emphasis on installing fire protection equipment. Because combustible materials are involved, the oil and gas industries are particularly vulnerable to fire mishaps. Demand for fire safety equipment is being driven by government laws to protect workers from fire accidents.
Fire alarm is further sub divided into, three parts fire alarm safety equipment, Fire suppression equipment and fire detection equipment market. It is necessary to utilise both fire alarms and detectors at once. While alarms send out a warning to the inhabitants, detectors are crucial in finding leaks. Both product categories will experience considerable increase during the projection period and are crucial to a building or facility. In the current situation, technology plays a significant part in product advancements and benefiting the corresponding market demand. For instance, incorporating cutting-edge features that facilitate voice evacuation will go a long way in boosting product sales and the market's expansion as a whole.
CONSIDERED IN THE REPORT
• Geography: Saudi Arabia
• Base year: 2021
• Historical year: 2016
• Forecasted year: 2027
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 Country
The approach of the report
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases and annual reports of companies, analyzing government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. After this, we have started making primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fire safety equipment 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.