According to the latest market study released by Technavio, the Gulf Cooperation Council (GCC) fire extinguishers market is expected to reach USD 562.6 million by 2020, growing at a CAGR of more than 17%.
The GCC fire extinguishers market is expected to reach USD 562.6 million by 2020, growing at a CAGR of over 17%.
This research report titled ‘GCC Fire Extinguishers Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors operating in the market.
The GCC fire extinguisher market is expected to witness rapid growth during the forecast period primarily due to the level of infrastructure development in the GCC countries and rising need for incorporating fire safety measures in industrial, commercial, and residential buildings. Fire safety will become a major concern for the new projects that are slated to come up during the forecast period in GCC.