PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1399761
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1399761
According to SPER Market Research, 'UAE Fire Protection System Market Size- By Product, By Service, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Dubai Fire Suppression Systems Market is estimated to reach USD 3.75 billion by 2033 with a CAGR of 8.71%.
The main purposes of fire protection systems are to reduce the danger of injuries and property loss by controlling, detecting, and extinguishing fire or smoke as well as informing building or establishment inhabitants about the same. Equipment like fire extinguishers, fire detectors, fire hose reels, fire hydrant systems, and automatic sprinkler systems are all part of fire protection systems.
Furthermore, on the market for fire safety systems, the COVID-19 pandemic had an adverse effect. In 2020, the COVID-19 pandemic outbreak had a major effect on the markets. Partial lockdown was also observed as the second wave of COVID-19 patients grew. The number of new fire safety systems being created has further fallen as a result. Another negative impact on the market was the disruption of supply chains spanning national borders.