Middle East & Africa Fire Alarm And Detection Market Size & Outlook
Middle East & Africa fire alarm and detection market, 2018-2030 (US$M)
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MEA fire alarm and detection market highlights
- The MEA fire alarm and detection market generated a revenue of USD 2,200.2 million in 2022.
- The market is expected to grow at a CAGR of 8.9% from 2023 to 2030.
- In terms of segment, fire detection was the largest revenue generating solution in 2022.
- Fire Detection is the most lucrative solution segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 2,200.2 million |
| Market revenue in 2030 | USD 4,341.1 million |
| Growth rate | 8.9% (CAGR from 2022 to 2030) |
| Largest segment | Fire detection |
| Fastest growing segment | Fire Detection |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fire Detection |
| Key market players worldwide | Eaton Corp PLC, Gentex Corp, Halma PLC, Hochiki Corp ADR, Honeywell International Inc, Johnson Controls International PLC, NAPCO Security Technologies Inc, Robert Bosch Engineering & Business Solutions, Siemens AG, United Technologies Corporation |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.9% of the global fire alarm and detection market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,807.3 million by 2030.
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Fire Alarm And Detection Market Scope
Fire Alarm And Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa fire alarm and detection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fire alarm and detection market will help companies and investors design strategic landscapes.
Fire detection was the largest segment with a revenue share of 100% in 2022. Horizon Databook has segmented the Middle East & Africa fire alarm and detection market based on fire detection covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle east and African regions held a large share of world petroleum production & exports and has seen growth in construction market. For instance, Saudi Arabia is the largest economy conducting petroleum projects which accounts for one fifth of the total GDP.
Middle east region is engaged in numerous projects related to petroleum sector. The need to protect oil & rigs, and fixed platforms offshore from fire is of prime importance thus, it is expected to be the major growth factor for fire safety equipment market.
In companies operating in the MEA fire alarm and detection market provide a wide range of advanced systems but relies on third party approvals for safety approvals. Hence, the fire alarm & safety products introduced in the MEA market are EN, UL and FM approved systems.
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Target buyers of Middle East & Africa fire alarm and detection market databook
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Our clientele includes a mix of fire alarm and detection market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa fire alarm and detection market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa fire alarm and detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Fire Alarm And Detection Market Outlook Share, 2022 & 2030 (US$M)
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