Cryptocurrency Mining {Hardware} Market to watch USD 2.82 Bn progress | 56% progress to emerge from APAC

The worldwide cryptocurrency mining {hardware} market is fragmented. The market features a few worldwide gamers and a substantial variety of small-scale contributors regionally. Key distributors are specializing in growing their hash charges and attempting to enhance the effectivity of mining {hardware}. Distributors are additionally considerably investing in joint ventures and acquisitions to increase their presence in new areas.

The rising reputation of mining swimming pools has been instrumental in driving the expansion of the market. Nonetheless, the declining value of mining {hardware} would possibly hamper the expansion of market contributors. Rivals must give attention to differentiating their product choices with distinctive worth propositions to strengthen their foothold available in the market. Market distributors additionally must leverage the present progress prospects within the fast-growing segments, whereas sustaining their positions within the slow-growing segments. Superior Micro Gadgets Inc., ASICminer Co., Baikal Miner, Bitfury Group Ltd., BitMain Applied sciences Holding Co., Canaan Inc., Cynosure Applied sciences Co. Ltd., Halong Mining, INNOSILICON Expertise Ltd., and Shenzhen MicroBT Electronics Expertise Co. Ltd. are recognized as a number of the main market contributors.

View Our Pattern Report for extra particulars on the seller panorama.

Cryptocurrency Mining {Hardware} Market 2021-2025: Segmentation

The worldwide cryptocurrency mining {hardware} market is segmented as under:

The ASIC section will account for the most important share of the market. The section is pushed by elevated product launches by market gamers.

  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

About 56% of the general market progress will originate from APAC throughout the forecast interval. The elevated acceptance of cryptocurrencies is growing the demand for cryptocurrency mining {hardware} within the area. China is the important thing marketplace for cryptocurrency mining {hardware} in APAC. Market progress on this area might be sooner than the expansion of the market in areas.

Technavio presents an in depth image of the market by the best way of examine, synthesis, and summation of knowledge from a number of sources. The cryptocurrency mining {hardware} market report covers the next areas:

Cryptocurrency Mining {Hardware} Market 2021-2025: Key Highlights

  • CAGR of the market throughout the forecast interval 2021-2025
  • Detailed info on elements that can help cryptocurrency mining {hardware} market progress throughout the subsequent 5 years
  • Estimation of the cryptocurrency mining {hardware} market dimension and its contribution to the guardian market
  • Predictions on upcoming tendencies and modifications in shopper habits
  • The expansion of the cryptocurrency mining {hardware} market
  • Evaluation of the market’s aggressive panorama and detailed info on distributors
  • Complete particulars of things that can problem the expansion of cryptocurrency mining {hardware} market distributors
See also  Apple’s {hardware} subscription plan may open new doorways

Associated Reviews:

Cryptocurrency Mining {Hardware} Market Scope

Report Protection

Particulars

Web page quantity

120

Base yr

2020

Forecast interval

2021-2025

Development momentum & CAGR

Speed up at a CAGR of seven.85%

Market progress 2021-2025

USD 2.82 billion

Market construction

Fragmented

YoY progress (%)

4.07

Regional evaluation

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

Performing market contribution

APAC at 56%

Key shopper nations

China, US, Russian Federation, Canada, and Switzerland

Aggressive panorama

Main firms, aggressive methods, shopper engagement scope

Firms profiled

Superior Micro Gadgets Inc., ASICminer Co., Baikal Miner, Bitfury Group Ltd., BitMain Applied sciences Holding Co., Canaan Inc., Cynosure Applied sciences Co. Ltd., Halong Mining, INNOSILICON Expertise Ltd., and Shenzhen MicroBT Electronics Expertise Co. Ltd.

Market Dynamics

Mother or father market evaluation, Market progress inducers and obstacles, Quick-growing and slow-growing section evaluation, COVID 19 impression and future shopper dynamics, market situation evaluation for the forecast interval.

Customization purview

If our report has not included the information that you’re searching for, you possibly can attain out to our analysts and get segments personalized.

Desk of Contents:

1 Government Abstract

2 Market Panorama

  • 2.1 Market ecosystem
    • Exhibit 01: Mother or father market
    • Exhibit 02: Market traits

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 03: Choices of distributors included available in the market definition
  • 3.2 Market section evaluation
    • Exhibit 04: Market segments
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 05: International – Market dimension and forecast 2020 – 2025 ($ million)
    • Exhibit 06: International market: 12 months-over-year progress 2020 – 2025 (%)

4 5 Forces Evaluation

  • 4.1 5 forces abstract
    • Exhibit 07: 5 forces evaluation 2020 & 2025
  • 4.2 Bargaining energy of patrons
    • Exhibit 08: Bargaining energy of patrons
  • 4.3 Bargaining energy of suppliers
    • Exhibit 09: Bargaining energy of suppliers
  • 4.4 Risk of recent entrants
    • Exhibit 10: Risk of recent entrants
  • 4.5 Risk of substitutes
    • Exhibit 11: Risk of substitutes
  • 4.6 Risk of rivalry
    • Exhibit 12: Risk of rivalry
  • 4.7 Market situation
    • Exhibit 13: Market situation – 5 forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 14: Product – Market share 2020-2025 (%)
  • 5.2 Comparability by Product
    • Exhibit 15: Comparability by Product
  • 5.3 ASIC – Market dimension and forecast 2020-2025
    • Exhibit 16: ASIC – Market dimension and forecast 2020-2025 ($ million)
    • Exhibit 17: ASIC – 12 months-over-year progress 2020-2025 (%)
    • Exhibit 18: ASIC mining {hardware} comparability
  • 5.4 GPU – Market dimension and forecast 2020-2025
    • Exhibit 19: GPU – Market dimension and forecast 2020-2025 ($ million)
    • Exhibit 20: GPU – 12 months-over-year progress 2020-2025 (%)
    • Exhibit 21: GPU mining {hardware} comparability
  • 5.5 Market alternative by Product
    • Exhibit 22: Market alternative by Product
See also  Ace {Hardware} Progress Reveals Customers Nonetheless Excessive on Dwelling Enchancment | Franchise Information

6 Buyer panorama

7 Geographic Panorama

  • 7.1 Geographic segmentation
    • Exhibit 24: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparability
    • Exhibit 25: Geographic comparability
  • 7.3 APAC – Market dimension and forecast 2020-2025
    • Exhibit 26: APAC – Market dimension and forecast 2020-2025 ($ million)
    • Exhibit 27: APAC – 12 months-over-year progress 2020-2025 (%)
  • 7.4 North America – Market dimension and forecast 2020-2025
    • Exhibit 28: North America – Market dimension and forecast 2020-2025 ($ million)
    • Exhibit 29: North America – 12 months-over-year progress 2020-2025 (%)
  • 7.5 Europe – Market dimension and forecast 2020-2025
    • Exhibit 30: Europe – Market dimension and forecast 2020-2025 ($ million)
    • Exhibit 31: Europe – 12 months-over-year progress 2020-2025 (%)
  • 7.6 South America – Market dimension and forecast 2020-2025
    • Exhibit 32: South America – Market dimension and forecast 2020-2025 ($ million)
    • Exhibit 33: South America – 12 months-over-year progress 2020-2025 (%)
  • 7.7 MEA – Market dimension and forecast 2020-2025
    • Exhibit 34: MEA – Market dimension and forecast 2020-2025 ($ million)
    • Exhibit 35: MEA – 12 months-over-year progress 2020-2025 (%)
  • 7.8 Key main nations
    • Exhibit 36: Key main nations
  • 7.9 Market alternative by geography
    • Exhibit 37: Market alternative by geography

8 Drivers, Challenges, and Tendencies

  • 8.2 Market challenges
    • Exhibit 38: Affect of drivers and challenges

9 Vendor Panorama

  • 9.2 Vendor panorama
    • Exhibit 39: Vendor panorama
  • 9.3 Panorama disruption
    • Exhibit 40: Panorama disruption
    • Exhibit 41: Trade dangers

10 Vendor Evaluation

  • 10.1 Distributors coated
    • Exhibit 42: Distributors coated
  • 10.2 Market positioning of distributors
    • Exhibit 43: Market positioning of distributors
  • 10.3 Superior Micro Gadgets Inc.
  • 10.4 ASICminer Co.
    • Exhibit 49: ASICminer Co. – Overview
    • Exhibit 50: ASICminer Co. – Product and repair
    • Exhibit 51: ASICminer Co. – Key choices
  • 10.5 Baikal Miner
    • Exhibit 52: Baikal Miner – Overview
    • Exhibit 53: Baikal Miner – Product and repair
    • Exhibit 54: Baikal Miner – Key choices
  • 10.6 Bitfury Group Ltd.
    • Exhibit 55: Bitfury Group Ltd. – Overview
    • Exhibit 56: Bitfury Group Ltd. – Product and repair
    • Exhibit 57: Bitfury Group Ltd. – Key choices
  • 10.7 BitMain Applied sciences Holding Co.
    • Exhibit 58: BitMain Applied sciences Holding Co. – Overview
    • Exhibit 59: BitMain Applied sciences Holding Co. – Product and repair
    • Exhibit 60: BitMain Applied sciences Holding Co. – Key information
    • Exhibit 61: BitMain Applied sciences Holding Co. – Key choices
  • 10.8 Canaan Inc.
    • Exhibit 62: Canaan Inc. – Overview
    • Exhibit 63: Canaan Inc. – Enterprise segments
    • Exhibit 64: Canaan Inc. – Key information
    • Exhibit 65: Canaan Inc. – Key choices
    • Exhibit 66: Canaan Inc. – Phase focus
  • 10.9 Cynosure Applied sciences Co. Ltd.
    • Exhibit 67: Cynosure Applied sciences Co. Ltd. – Overview
    • Exhibit 68: Cynosure Applied sciences Co. Ltd. – Product and repair
    • Exhibit 69: Cynosure Applied sciences Co. Ltd. – Key choices
  • 10.10 Halong Mining
    • Exhibit 70: Halong Mining – Overview
    • Exhibit 71: Halong Mining – Product and repair
    • Exhibit 72: Halong Mining – Key choices
  • 10.11 INNOSILICON Expertise Ltd.
    • Exhibit 73: INNOSILICON Expertise Ltd. – Overview
    • Exhibit 74: INNOSILICON Expertise Ltd. – Product and repair
    • Exhibit 75: INNOSILICON Expertise Ltd. – Key choices
  • 10.12 Shenzhen MicroBT Electronics Expertise Co. Ltd.
    • Exhibit 76: Shenzhen MicroBT Electronics Expertise Co. Ltd. – Overview
    • Exhibit 77: Shenzhen MicroBT Electronics Expertise Co. Ltd. – Product and repair
    • Exhibit 78: Shenzhen MicroBT Electronics Expertise Co. Ltd. – Key choices
See also  Does {hardware} (nonetheless) matter? – SiliconANGLE

11 Appendix

  • 11.2 Forex conversion charges for US$
    • Exhibit 79: Forex conversion charges for US$
  • 11.3 Analysis methodology
    • Exhibit 80: Analysis Methodology
    • Exhibit 81: Validation strategies employed for market sizing
    • Exhibit 82: Data sources
  • 11.4 Checklist of abbreviations
    • Exhibit 83: Checklist of abbreviations

About Us
Technavio is a number one world expertise analysis and advisory firm. Their analysis and evaluation give attention to rising market tendencies and supplies actionable insights to assist companies establish market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 reviews and counting, masking 800 applied sciences, spanning throughout 50 nations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising shopper base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to establish alternatives in current and potential markets and assess their aggressive positions inside altering market eventualities.

Contact
Technavio Analysis
Jesse Maida
Media & Advertising Government
US: +1 844 364 1100
UK: +44 203 893 3200
E mail: [email protected]
Web site: www.technavio.com/

SOURCE Technavio