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The Middle East & Africa Fire Safety Equipment Market to cross USD 4900 Million by 2026: Bonafide Research
Oct, 23
2021

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The Middle East & Africa Fire Safety Equipment Market to cross USD 4900 Million by 2026: Bonafide Research

 

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According to the latest publication of Bonafide Research, titled Middle East & Africa Fire Safety Equipment Market Outlook, 2026, the market is crossing a market value of USD 4900 Million. For a better understanding of this report, the market is classified into three prominent countries, along with the sub-divisions based on application & product type. The report covers the major top companies like Gentex Corporation, HOCHIKI Corporation, Napco Security Technologies, Inc., Nittan Company, Ltd., Halma PLC, Robert Bosch GmbH, Honeywell International, Inc., and Siemens Building Technologies.

This regional market is growing moderately in the recent past given the hike in the rapid growth of the construction industry, and the major governments spending heavily on infrastructure development. Apart from this, the high temperature and the high usage of electronic appliances have made the region easily prone to fire accidents. As the construction industry has been attracting public as well as private investments, the investors became more conscious about retaining the quality of the structure and thus avoiding the loss of capital. This fuelled the demand for fire safety equipment in the region.

Much recently, Africa took effective steps towards the application of fire safety equipment systems. The fire in the Bank of Lisbon building acted as a wake-up in the country, which brought in reconsideration in the fire safety compliances of the high-rise building structures. The fire safety systems are now incorporated with the design and the construction of the building, giving extra emphasis on the sprinkler systems and easily accessible fire extinguishers placement.

Middle Eastern countries are witnessing the setup of large commercial establishments which have directly impacted the demand for fire safety equipment positively. Even the government has laid down stringent rules and regulations for the fire safety protocols in such commercial establishments. Apart from this, the growing economies of Egypt, Nigeria & others are seeing a growth in the petrochemical industries, for which the installation of fire safety equipment is quite mandatory given the unbearable loss in case of a fire breakout.

Various development projects like the Qatar National Vision 2030, Saudi Vision 2030, etc. are to be aiding the market growth in the forecasted period. Through the coming period, the region is likely to be led by Saudi Arabia, which in the year 2018 recorded 625 causalities due to fire. Even though the government plays an important role in the region, the contribution of manufacturers and end-users is inevitable. The large-scale construction in the region is to be driving the market, while the portable device is to be highly demanded the residential use.