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The Middle East fire protection systems market sees growth, says report

The Middle East fire protection systems market is witnessing double-digit growth, driven by growing construction activities, technology innovation and accelerated fire protection expenditure by institutions and enterprises.

The Middle East fire protection market is estimated to grow at a compound annual growth rate (CAGR) of 12.2%. [representational image]
The Middle East fire protection market is estimated to grow at a compound annual growth rate (CAGR) of 12.2%. [representational image]

The Middle East fire protection systems market is witnessing double-digit growth, driven by growing construction activities, technology innovation and accelerated fire protection expenditure by institutions and enterprises.

According to Frost & Sullivan’s new research The Middle East Fire Protection Market, Forecast to 2021, the Middle East fire protection market is estimated to grow at a compound annual growth rate (CAGR) of 12.2% from a market size of $2.21bn in 2015 to $4.40bn in 2021, making it one of the largest fire protection markets in the world.

The study highlights revenue forecast by vertical sector, trends, drivers, restraints, and opportunities.

Market share and competitive analysis of major players, such as Tyco, UTC, NAAFCO, SFFECO, Honeywell International, Siemens AG, GSS Systems, and FIKE are also provided. 

Sagarina Rai, research analyst at Frost & Sullivan said: “Participants should look toward untapped opportunities in retrofitting buildings and critical infrastructure with intelligent and integrated fire protection systems that analyse and sense the environment. Rising interest and investment in smart and safe city initiatives in the United Arab Emirates will further boost demand for fire protection products.”

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