Mideast fire protection market to hit $4.4bn
Originally published in Trade Arabia (link below)
The Middle East fire protection market is estimated to grow at a compound annual growth rate (CAGR) of 12.2 per cent from a market size of $2.21 billion in 2015 to $4.40 billion in 2021, a report said.
The study titled “The Middle East Fire Protection Market, Forecast to 2021” from growth partnership company Frost & Sullivan 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, GSS Systems, and Fike are also provided.
“Participants should look toward untapped opportunities in retrofitting buildings and critical infrastructure with intelligent and integrated fire protection systems that analyze and sense the environment,” said automatic identification and security research analyst Sagarina Rai. “Rising interest and investment in smart and safe city initiatives in the UAE, Qatar, and Abu Dhabi will further boost demand for fire protection products.”