UAE Fire Protection Market Set to Soar to USD 3.17b by 2030
The UAE’s fire protection system market is projected to reach USD 3.17 billion by 2030, with an expected CAGR of 8.5% from 2023 to 2030, as reported by Grand Review Research.
Analysts note a substantial increase in the demand for fire alarms and detectors in the residential sector in recent years. The region has also experienced rapid urbanization and population growth, resulting in a higher number of residential buildings and complexes.
As cities expand, there is a growing necessity for reliable fire safety measures to protect the growing population. Furthermore, increased awareness among homeowners and tenants regarding fire safety’s significance and potential consequences has driven the demand for such systems.
Industries at high risk, such as energy & power, manufacturing, and oil & gas, are anticipated to adopt fire suppression equipment like fire sprinklers in the near future. These industries use combustible and flammable materials like crude oil, coal, petroleum, and flammable gases, making them susceptible to fires. Consequently, advanced fire detection and suppression equipment are deployed to prevent and control fires.
Moreover, the demand for fire safety equipment is rising in commercial applications, including hospitals, educational institutions, and government offices. This is due to the UAE government’s implementation of strict fire prevention and control regulations. Additionally, increased corporate investment in infrastructure protection and reducing property and life losses across various sectors is expected to further drive the demand for fire safety equipment in the commercial sector.