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Analysis of the Middle East Fire Detection and Suppression Systems Market
Frost & Sullivan, Dec 2009, Pages: 78
This research service analyses the Middle East market for fire detection and suppression systems with 2008 as the base year. It provides a complete analysis of the market dynamics such as drivers, restraints, challenges, strategies adopted in the market, market share analysis, competitive structure and industry best practices.
Research Overview
This Frost & Sullivan research service titled Analysis of the Middle East Fire Detection and Suppression Systems Market provides an analysis of the latent opportunities in the market and examines the competitive scenario. The study also discusses the future revenue potential for fire suppression systems as well as the scope for the various technologies adopted. In this research, Frost & Sullivan's expert analysts thoroughly examine the market for fire detection and suppression systems in the industrial, retail, hotels, government, and commercial segments.
Market Overview
Explosive Growth in the Construction Sector Buoys Prospects for the Middle East Fire Detection and Suppression Systems Market
The Middle East fire detection and suppression systems market is in the growth stage. The Gulf Cooperation Council (GCC) states generated cumulative surpluses due to increased oil prices in 2008, and much of this income was directed toward construction projects and industrial development. The influx of expatriates and increasing per capita income have augmented the demand for residential and retail development. Increasing activities in the industrial and commercial sectors, where suppression systems are widely used in places such as refineries and server rooms, have boosted the sales figures for such systems. 'Fire suppression has been identified as a key component in the safety measures adopted in this region, and enforcement of fire regulations in the GCC market is spiking demand for fire detection systems,' notes the analyst of this research service. 'For example In Dubai, the regulations have become stricter for buildings under construction, requiring the installation of sprinkler systems for fire suppression.' Trends point to a gravitation away from conventional systems to intelligent addressable systems. The UAE dominated the demand for fire detection and suppression systems in the Middle East and remained the regional leader in terms of market opportunities. However, there is a distinct shift of focus toward Saudi Arabia and Qatar, the two countries that ramped up their real estate and commercial activities despite the recession.
Although the outlook for the market is bright, there are some issues clouding the landscape. As the number of manufacturers present in the region is limited, the dependence on imports for fire detection and suppression solutions is high. Import dependency has given rise to problems related to supply, demand, and exchange rate volatility. Companies that have not hedged against these currency fluctuations will face tough times with the volatility against the U.S. dollar. All major multinationals were entering this market through either the organic or inorganic route, creating more pressure on profit margins. Intense competition has prevented the entry of new participants into this domain. Over a hundred registered companies are in the fray, and a majority of them are system integrators. 'The differences in laws governing the various countries have also created roadblocks for the market and curtailed the expansion plans of companies,' says the analyst. 'Understanding the dynamics and regulations governing the individual markets can expedite geographic expansion plans.' High labor costs involved in the installation of systems have proved challenging for participants. As pricing is a key success determinant, developers are striving to cut costs while installing systems.
Going forward, companies must direct attention toward the emerging markets in countries such as Saudi Arabia, Qatar, and Kuwait to flourish in this competitive environment. Sharing a good rapport with consultants and streamlining supply chain management will enable companies to gain a foothold in the market. Product durability is of utmost importance as the harsh weather conditions require systems to withstand extreme environments. Service and maintenance are offered by almost all the market participants. This offers them the scope to leverage on their potential and helps in retaining clients.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Industrial
- Commercial office space
- Retail
- Government
- Hotels
Technologies
The following technologies are covered in this research:
- Conventional
- Addressable
- Water-based suppression
- Gas-based suppression
- Special suppression
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