Middle East and Africa Smart Well market

Saudi arabia accounted for the largest market share in 2016 in the middle east and africa smart well market, and is expected to reach usd 89.90 million in 2023 from usd 59.90 million in 2016.this market is projected to grow at a cagr of 6.08% during the forecast period from 2017 - 2023. onshore segment accounted for the larger market share in 2016, this market is expected to reach usd 133.70 million in 2023 from usd 90.50 million in 2016. this market is projected to grow at a cagr of 5.82% during the forecast period from 2017 - 2023. however, offshore segment is the fastest growing market, which is expected to grow at a cagr of 5.96% during the forecast period 2017 - 2023. flow control equipment segment accounted for the largest market share in 2016, this market is expected to reach usd 85.70 million in 2023 from usd 57.50 million in 2016. this market is projected to grow at a cagr of 5.98% during the forecast period from 2017 - 2023. however, monitoring system segment is the fastest growing market, which is expected to grow at a cagr of 6.01% during the forecast period 2017 - 2023. hardware segment accounted for the larger market share in 2016, this market is expected to reach usd 143.80 million in 2023 from usd 97.00 million in 2016. this market is projected to grow at a cagr of 5.89% during the forecast period from 2017 - 2023.