We won't know the wider global implications for both these brands in Ireland for the next few months but questions will be raised on the suitibility of both brands for upcoming projects.
The ban technically starts one year after signing into law, which will be August 13, 2019. However, since the ban includes both purchasing and using existing equipment, it effectively starts immediately since it would make little practical sense to buy equipment today to have to remove it in 12 months.
Since the US government is effectively blacklisting Dahua and Hikvsion products, this will have a severe branding and consequentially purchasing impact. Many buyers will be concerned about:
The impact outside of the US could be significant as well since many countries and organizations will see this as a negative signal about the security and trustworthiness of these products.
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https://ipvm.com/reports/ban-law