Efforts Being Made To Strengthen The Industrial Sector In The GCC Region Would Drive The GCC Thermal Imaging Systems Market - 6Wresearch
Rapidly growing industrial segment has significantly contributed towards the growth of the thermal imaging systems market in the GCC region for applications such as oil/gas leakage detection, pipe inspection, electrical faults in high voltage power lines and security & surveillance. Further, the use of thermal imaging systems for numerous military applications is also becoming a commonplace in the Middle East on account of ongoing regional conflicts.Rapidly growing industrial segment has significantly contributed towards the growth of the thermal imaging systems market in the GCC region for applications such as oil/gas leakage detection, pipe inspection, electrical faults in high voltage power lines and security & surveillance.
Further, the use of thermal imaging systems for numerous military applications is also becoming a commonplace in the Middle East on account of ongoing regional conflicts.
According to 6Wresearch, GCC Thermal Imaging Systems Market is projected to grow at a CAGR of 3.9% during 2019-25. Usage of thermal imaging systems for the purpose of predictive and preventive maintenance across verticals such hospitality, healthcare and other commercial buildings has become mandatory as per the norms formulated by the governments of UAE and Saudi Arabia.
Further, several upcoming projects in the domains, such as oil & gas, power and energy, petrochemical and other related industries would continue to boost the demand for thermal imaging systems in the GCC market over the coming years.
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According to Kanchan Negi, Research Analyst, Research and Consulting, 6Wresearch, "Handheld thermal imaging systems accounted for the highest volume share in the overall GCC market, by product type, in 2018. The growth of such systems would be aided in the coming years by the relative cost advantage and easy portability, these handheld devices have over their fixed counterparts".
"Leakage and fault detection, building condition monitoring, testing, and firefighting are some of the applications for which handheld thermal imaging systems are commonly used. The demand for handheld thermal imaging systems is therefore expected to gain traction during the forecast period owing to the significant development in multiple sectors across the GCC countries," Kanchan further added.
According to Apoorva Sawhney, Research Associate, Research and Consulting, 6Wresearch, "Saudi Arabia dominates the overall thermal imaging systems market in the GCC, followed by UAE and Qatar owing to the expansive oil & gas fields, power utilities and petrochemical sectors in these countries
However, with growing awareness and expanding industrial, commercial and military verticals of countries such as Kuwait, Oman and Bahrain, the demand for thermal imaging systems is expected to gain traction across the entire GCC region during the forecast period," Apoorva concluded.
Some of the major companies in the GCC thermal imaging systems market include FLIR, Fluke, BAE Systems, 3M, Hikvision, and Dahua.
"GCC Thermal Imaging Systems Market (2019-2025)" report provides an in-depth analysis with 127 figures and 13 tables, covered in more than 210 pages. The report estimates and forecast the overall GCC thermal imaging systems market by product types, technology, countries and verticals such as industrial, commercial and military.
The report also offer insights on the competitive landscape, company profiles, market drivers and restraints.
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