Cryptocurrency Mining Hardware Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR43766
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The cryptocurrency mining hardware market has the potential to grow by USD 2.82 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.85%.

This cryptocurrency mining hardware market analysis report entails exhaustive statistical qualitative and quantitative data on product (ASIC and GPU) and geography (APAC, North America, Europe, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Cryptocurrency Mining Hardware Market Size be in 2021?

Cryptocurrency Mining Hardware Market Size

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Cryptocurrency Mining Hardware Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising popularity of mining pools is notably driving the cryptocurrency mining hardware market growth, although factors such as the declining cost of mining hardware may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the cryptocurrency mining hardware market get your FREE report sample now.

This post-pandemic cryptocurrency mining hardware market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Cryptocurrency Mining Hardware Market Vendors?

The cryptocurrency mining hardware market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

 

  • Advanced Micro Devices Inc.
  • ASICminer Co.
  • Baikal Miner
  • Bitfury Group Ltd.
  • BitMain Technologies Holding Co.
  • Canaan Inc.
  • Cynosure Technologies Co. Ltd.
  • Halong Mining
  • INNOSILICON Technology Ltd.
  • Shenzhen MicroBT Electronics Technology Co. Ltd.

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The cryptocurrency mining hardware market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full cryptocurrency mining hardware market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the cryptocurrency mining hardware market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Cryptocurrency Mining Hardware Market?

Cryptocurrency Mining Hardware Market Share by Geography

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The cryptocurrency mining hardware market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 56% of the market’s growth will originate from APAC during the forecast period. China is a key market for cryptocurrency mining hardware in APAC.

APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing number of product launches has been identified as one of the chief factors that will drive the cryptocurrency mining hardware market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Cryptocurrency Mining Hardware Market?

Cryptocurrency Mining Hardware Market Share by Product

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The cryptocurrency mining hardware market share growth by the ASIC segment has been significant. The cryptocurrency mining hardware market report provides a comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cryptocurrency mining hardware market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Cryptocurrency Mining Hardware Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cryptocurrency mining hardware market growth during the next five years
  • Precise estimation of the cryptocurrency mining hardware market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cryptocurrency mining hardware market across APAC, North America, Europe, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cryptocurrency mining hardware market vendors

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Cryptocurrency Mining Hardware Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.85%

Market growth 2021-2025

$ 2.82 billion

Market structure

Fragmented

YoY growth (%)

4.07

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 56%

Key consumer countries

China, US, Russian Federation, Canada, and Switzerland

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advanced Micro Devices Inc., ASICminer Co., Baikal Miner, Bitfury Group Ltd., BitMain Technologies Holding Co., Canaan Inc., Cynosure Technologies Co. Ltd., Halong Mining, INNOSILICON Technology Ltd., and Shenzhen MicroBT Electronics Technology Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

  • Market Overview
  • Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • ASIC - Market size and forecast 2020-2025
  • GPU - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Advanced Micro Devices Inc.
  • ASICminer Co.
  • Baikal Miner
  • Bitfury Group Ltd.
  • BitMain Technologies Holding Co.
  • Canaan Inc.
  • Cynosure Technologies Co. Ltd.
  • Halong Mining
  • INNOSILICON Technology Ltd.
  • Shenzhen MicroBT Electronics Technology Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The cryptocurrency mining hardware market growth will increase by $2801.12 million during 2019-2024.
The cryptocurrency mining hardware market is expected to grow at a CAGR of 7.47% during 2019-2024.
Technavio has segmented the cryptocurrency mining hardware market by product (ASIC and GPU) and geographic (APAC, North America, Europe, South America, and MEA).
Advanced Micro Devices Inc., ASICminer Co., Baikal Miner, Bitfury Group Ltd., BitMain Technologies Holding Co., Canaan Inc., Cynosure Technologies Co. Ltd., Halong Mining, INNOSILICON Technology Ltd., Shenzhen MicroBT Electronics Technology Co. Ltd. are a few of the key vendors in the cryptocurrency mining hardware market.
APAC will register the highest growth rate of 56.76% among the other regions. Therefore, the cryptocurrency mining hardware market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Russian Federation
  • Canada
  • Switzerland
  • Japan
The key factors driving the cryptocurrency mining hardware market growth are:
  • Rising popularity of mining pools
  • Increasing popularity of ICOs
The cryptocurrency mining hardware market vendors should focus on grabbing business opportunities from the asic segment as it accounted for the largest market share in the base year.
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