The Middle East’s $1.9 billion fire safety systems and equipment market is expected to grow over the next six years, with new government regulations around life safety and fire protection among the key market drivers.
According to a November 2018 report by analysts 6Wresearch, the Middle East market for firefighting systems, fire detection and alarm systems, will be worth $3 billion by 2024, growing at a compound annual growth rate of nearly eight percent.
The report showed that the regional market witnessed a slight decline from 2014-2016, however since 2017 demand has picked up, aided by recovering oil prices and government economic diversification initiatives.
6Wresearch’s report has been published ahead of the Intersec exhibition, a world trade fair for security, safety, and fire protection, which takes place from 20-22 January 2019 at the Dubai International Convention and Exhibition Centre.
Fire & Rescue is the second largest of seven show sections at the annual three-day event, where more than 1,300 exhibitors from 59 countries will feature.
More than 350 of those will be in the Fire & Rescue section, including the biggest names in the global fire and life safety business such as UAE-based powerhouses NAFFCO and Concorde Corodex Group, Honeywell from the USA, Japanese-headquartered Hochiki, Drager from Germany, and Turkish fire truck manufacturer, Volkan.
Eaton Corporation is another headline exhibitor in the Fire & Rescue section and is one of many companies at Intersec 2019 that is positive about the current and future fire safety trends in the regional market.
Frank Ackland, Eaton’s Middle East Managing Director said: “The regulations set out by the UAE Civil Defence offer a much higher standard of regulation than has ever been seen before. Eaton provides emergency lighting and fire detection systems for buildings and we’ve noted an increase in the levels of regulation that are being adhered to – not only to the set standard but also above in many cases.
“All those involved in the construction process are placing greater importance of meeting, and exceeding, the standards set out. That doesn’t mean there isn’t more work to be done, and this is where we see a significant investment in retrofitting also taking place in the UAE, in order to make older buildings safer and in line with current regulations.”
Concorde Corodex Group is another regular Intersec exhibitor and will showcase its UAE-made emergency mobile solutions, such as fire trucks, ambulances, special vehicles, and hydraulic platforms, along with its static fire equipment, including pumps, cabinet extinguishers and fixed suppression equipment.
Mohanned Awad, Concorde Corodex’s Regional Director for Business Development, commented: “In the UAE, the natural status of our customers and partners is to be early adopters. Our partners always request to think ahead of the curve; they don’t want to just solve the problem but to be able to prevent the problem and be two or three steps ahead of the problem.
“We’re very fortunate to have such demanding requirements locally, because we’ve been able to take that know-how and expand it through other markets that we serve, such as Asia, MENA and the CIS. It’s forced us to think out of the box and put considerable investment in research and development capabilities and to bring on board many key people who have experience.”
Andreas Rex, Intersec’s show director, added: “The commercial and hospitality sectors are other key verticals driving demand for fire safety systems and equipment. The big growth, particularly in the UAE will come over the next two years as delivery of the Dubai Expo 2020 looms, while throughout the Gulf region, large-scale infrastructure investment will steer the market toward solid growth.
“Intersec, situated at the heart of it all in Dubai, presents the ideal opportunity to access these markets and beyond, where thousands of engineers, system integrators, contractors, industry professionals and decision-makers will seek solutions for their various projects.”
Intersec’s other show sections comprise Commercial Security, Safety & Health, Homeland Security & Policing, Physical & Perimeter Security, Information Security, and Smart Home & Building Automation.