The MENA ELV systems market is expected to grow with a robust CAGR of more than 6% during the forecast period 2022-2028, mainly driven by increased infrastructure projects and commercial construction projects. The Middle East and North Africa ELV Systems market is estimated at US$ 1.3 billion in 2022. ELV encompasses all the new modern technologies that are progressively becoming must-have systems in every building including home automation, fire alarm, public address systems, data network, audio and video solutions, intrusion detection systems, access control, and CCTV, etc. The ELV systems market growth is fuelled by the safety regulations in place which mandates the incorporation of public addressable systems, fire alarms, and detection systems in commercial, industrial and residential facility. Moreover, the growing construction industry and stringent regulations pertaining to the installation of fire & safety equipment are boosting the regional demand for ELV systems across the Middle East.
The increasing number of enterprises and public sites is expected to provide the necessary boost to the ELV systems market
The Middle East & North African construction industry was valued at nearly US$ 1.5 trillion in 2021, dominated by Saudi Arabia, Turkey, and UAE. The region accounts for nearly 10% of the global construction industry value added. Regional growth is mainly driven by widespread enhancements to the construction sector and digital transformation in the region. According to RationalStat, the Middle East & Africa construction sector is set to record an annual growth rate of 6-7% by 2028. The overall construction industry in the Middle East and North Africa (MENA) in 2021 and in the coming years is expected to register real growth of about 4-5% during 2022-2028. In 2021, the MENA construction industry reported a record of more than US$ 156 billion worth of projects.
New residential, infrastructure, and commercial projects provide an essential push to the demand growth of ELV systems. In many countries across the Middle East & North Africa, public address systems are used to reach out to mass media to maximize the reach of messages and reduce the possible spread of COVID-19. There is an increasing need for queue management solutions across all industry verticals as a result of the recent coronavirus crisis and subsequent lockdown and social separation laws. Queuing systems use crowd management and people counting technology to enable the economical and effective management of long lines, significant foot traffic, and occupancy constraints.
Growth of construction activities and development of commercial spaces across the region to spur the demand
The MENA ELV Systems is largely concentrated in GCC and Turkey. Together, these countries make up over 62% of the regional market in 2022. GCC holds the dominant share of approximately 41.5% in the MENA ELV systems market in 2022 and is expected to grow significantly at a CAGR of 7.6% over the forecast period. Stringent government regulations in the GCC countries for the replacement of existing and outdated fire safety equipment fuel the demand for ELV products and hence drive market growth. Moreover, growing commercial construction projects in Middle Eastern countries such as Iraq open up new doors for the ELV market as the new constructions require a smooth supply of electricity, thus driving the demand for ELV cable market growth. Moreover, increasing commercial construction activities in the country are also spurring the demand for FAD systems, PAS systems, and SCS in Turkey.
Market Structure and Competition Landscape
The MENA ELV systems market is highly fragmented in nature and observes intense competition. Some of the prominent players operating in the regional ELV industry include APACE International Electronics LLC, MVP Tech, Electronic Management Group, Mackins Trading and Contracting WLL, Zener Fire & Security, SIBCA, Cignetix, Techno Q, Vizocom, Alpha Data, Maxpro Link Security Systems, LLC, Syssense, System Security Solutions Company (3S), Supermec Pte. Ltd, Eumecon IT Systems, etc.
Key Market Segmentation
RationalStat has segmented the MENA ELV Systems Market on the basis of type, end user, and region.
- By Type
- Fire Alarm and Detection Systems (FAD)
- Public Address Systems (PAS)
- Structural Cabling Systems (SCS)
- AV Systems
- Queuing Systems
- CATV, IPTV
- By End User
- Offices and Corporates
- HoReCa (Hospitality)
- Municipal/Government Offices
- Others (Auditoriums, Community Halls, etc.
- By Region
- Middle East (ME)
- Rest of ME
- North Africa (NA)
- Rest of North Africa
- Middle East (ME)
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for ELV system manufacturers and service providers, system integrators, research organizations, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The MENA ELV Systems Market is expected to grow at a CAGR of 6.8% from 2022-2028.
Saudi Arabia leads the MENA ELV Systems Market in 2022.
The market value of the MENA ELV Systems Market was US$ 1.3 billion in 2022.
- Construction industry growth.
- Regulations and security concerns.
- More awareness of the utilities of ELV Systems.
Leading companies operating in the MENA ELV Systems Market are APACE International Electronics LLC, MVP Tech, Electronic Management Group, Mackins Trading and Contracting WLL, Zener Fire & Security, SIBCA, Cignetix, Techno Q, Vizocom, Alpha Data, Maxpro Link Security Systems, LLC, Syssense, System Security Solutions Company (3S), Supermec Pte. Ltd, Eumecon IT Systems, etc.