Technavio Announces the Publication of its Research Report GCC Fire Extinguisher Market 2016-2020
Technavio recognizes the following companies as the key players in the GCC fire extinguisher market: Amerex, Kidde Fire Systems, Tyco Fire Protection Products, NAFFCO, and Bristol.
Other prominent vendors in the market are: Albilad Fire Fighting Systems, Heba fire and safety systems, and SFFECO.
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Commenting on the report, an analyst from Technavios team said: One of latest trends in the market is advancements in fire extinguisher technology. New and innovative fire extinguishers are expected to be available in the market. One such example is that of sonic fire extinguishers that utilize sound waves to tackle fire incidents. These extinguishers will direct a beam of low-frequency sound at the flame and by generating pressure waves in the air would cut off the oxygen supply from the fire. These fire extinguishers can be used in residences and commercial buildings. The prototype of sonic fire extinguisher has been developed, and it is expected that soon this product will be launched in the market with a higher scale of operation and usage. Sonic fire extinguishers can be controlled by humans as well as robots in case it becomes difficult to reach the point of fire origination. End users will also look at these new products as a tool that can minimize human involvement in critical situations and risky areas surrounded by fire. The fire extinguisher market is characterized by low product differentiation in terms of technology or application. With innovative products like the sonic fire extinguisher entering the market, vendors will see an upward growth in an otherwise saturated market.”
According to the report, one of the primary drivers in the market is rising levels of urbanization. The infrastructure sector in the GCC is set for a rapid growth owing to the several mega-scale projects that are planned during the forecast period. The total construction projects of GCC, in 2015 was valued to be worth $172 billion. Another $2.8 trillion worth of projects is already in progress or in the planning stages. Some of the mega-scale projects that are under progress and will be implemented during the forecast period.
Further, the report states that one major challenge in the market is automated fire detectors and sprinklers. Automated fire detector and sprinklers are slowly gaining massive popularity over the years and have become mandatory in commercial as well as industrial buildings. Smaller variants of automated fire detection and sprinkler systems have also been made compulsory in new houses being built in GCC countries. With the level of innovation in this product category, these are gradually replacing fire extinguishers in several areas. Though fire extinguishers are still mandatory in several types of buildings and structures, the introduction of new automated systems has reduced the number of fire extinguishers that are required to be kept in these places. Building owners are increasingly looking at this automated system as a means to tackle fire incidents without involving any human intervention. The automated detectors by sensing the heat generated by the fire, trigger the sprinkler system into action which dispenses water at an adequate pressure and flow rate to suppress the fire. Fire sprinklers are part of an active fire protection system which is slowly changing the traditional methods of firefighting from a reaction based approach to a more proactive application in the case of a fire outbreak.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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