Acquisition of Fire Fighting and Equipment The Largest Revenue Share in The Overall Fire Safety Systems and Equipment Market in the UAE
Due to the increased demand for fire safety systems and equipment across the country as a result of increased government spending on infrastructure development, Dubai Expo 2020 (now shifted to 2021), firefighting systems and equipment market revenue grew moderately over the 2016–2019 period. However, the outbreak of the epidemic Covid-19, which halted construction projects and halted economic activities to prevent the spread of the coronavirus, will lead to a slowdown in market earnings this year.
Fire safety systems and equipment market size are expected to grow by 2.0% CAGR by 2020–26F. Due to the UAE’s efforts to revive the economy by announcing stimulus packages to support small and medium enterprises and other government initiatives such as Dubai’s Industrial Strategy 2030 and Abu Dhabi Vision 2030. Fire safety systems and equipment market revenue are expected to grow significantly over the forecast period. Expected growth in the construction industry and the oil and gas sector is another important factor that will increase the demand for fire safety systems and equipment in the UAE in the coming years.
In 2019, firefighting equipment dominated the overall market for fire safety systems and equipment in the UAE, and this segment is expected to lead the market in the forecast period as these systems are the first line of defense against the spread of fire and other hazards. Increased safety measures, along with stricter controls on fire safety systems in the country, are leading to increasing demand for firefighting systems and equipment. The second major contributor to fire safety systems and equipment market revenue in the UAE is the fire detection & alarm system, as detectors and alarm systems must detect fire at an early stage and provide a warning to help evacuate occupants safely.
In recent years, commercial offices and the building sector have played a major role in the market revenue of all major segments of the fire safety systems and equipment market in the UAE, and will continue to dominate the market in the years to come. The rise in the construction of commercial buildings such as office buildings, hypermarkets and co-working spaces has necessitated the installation of fire safety systems and equipment, and the demand for fire safety systems and equipment has increased across the country. The hospitality sector is set to record the highest growth rate in the coming years as fire detection and alarm systems grow due to the upcoming construction activities in the region to boost Dubai Expo and tourism.
Government policies and initiatives such as the growing industrial and manufacturing sector in Dubai, Dubai Plan 2021 and Dubai Industrial Strategy 2030 will increase the demand for fire safety systems and equipment across the country in the coming years.
UAE Fire Safety Systems and Equipment Market (2020–2026F) The report provides an in-depth analysis of 27 digits and 19 tables and is included in 104 pages. The report provides an impartial and detailed analysis of current trends, opportunities / high growth areas, and market drivers to assist in formulating and deploying strategies.
