Market Overview:
The global ASIC mining machine market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cryptocurrencies, such as Bitcoin (BTC), Litecoin (LTC), and others. In addition, the growing adoption of ASIC mining machines by enterprises and personal users is also contributing to the growth of this market. However, the high cost of these machines may restrain the growth of this market during the forecast period.
Product Definition:
An ASIC mining machine is a special type of computer that is built for the sole purpose of mining Bitcoin and other cryptocurrencies. They are designed to be much faster and more efficient at churning out blocks than traditional desktop computers, making them the perfect choice for anyone looking to mine cryptocurrencies on a large scale.
BTC:
ASIC Mining Machine is a device that helps in mining bitcoins. It works on the basic principle of semiconductors where many small electrical components work together to carry out complex instructions. These ASICs are used for bitcoin mining and other cryptocurrencies like litecoin and dogecoin among others. The key feature of these machines is their ability to mine at high speeds while using less power than traditional systems such as GPUs or CPUs.
LTC:
Litecoin is a peer-to-peer cryptocurrency, also known as a digital silver. It enables faster transactions with less power consumption and no transaction fees. Litecoin can be used to purchase goods and services from vendors who accept it as a mode of payment.
Application Insights:
The enterprise application segment accounted for the largest share of more than 60.0% in 2017. The segment will expand further at a steady CAGR over the forecast period owing to the increasing adoption of ASIC mining machines by large-scale mining farms across various regions, including Asia Pacific and North America. Furthermore, companies such as Bitmain Technologies have started providing customized ASIC products for specific applications, which is expected to drive demand over the coming years.
The personal application segment is projected to witness significant growth during the forecast period due to rising interest among individuals regarding cryptocurrency mining activities and growing concerns about high electricity costs.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in interest from investors on account of low electricity prices, which makes it an attractive regional location for data centers. Furthermore, China is home to some of the largest mining farms across all cryptocurrencies due to cheap power supply and easy availability of land.
The European region accounted for more than 20% share in 2017 owing to large-scale investments made by companies such as Bitfury Group and KnCMiner Technologies into ASIC chip production capabilities within Europe itself. Moreover, rising demand from other regions such as North America are anticipated to boost revenue growth over the next eight years (2030). However, strict regulations imposed by various governments across countries may hinder industry growth at certain point of time during 2018 - 2030 period; however this will not affect overall industry trends adversely since most miners have already left these areas or are planning their exit soon (i.
Growth Factors:
- Increasing demand for cryptocurrencies
- Growing popularity of blockchain technology
- Rising number of digital transactions
- Proliferation of cloud mining services
- Development of more efficient and powerful ASIC miners
Scope Of The Report
Report Attributes
Report Details
Report Title
ASIC Mining Machine Market Research Report
By Type
BTC, LTC, Others
By Application
Enterprise, Personal
By Companies
BitMain Technologies Holding Company, Blockchain Holding GmbH, BIOSTAR Group, Ebang International Holdings Inc., Spondoolies-Tech, Halong Mining, NVIDIA, Canaan Creative, Innosilicon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global ASIC Mining Machine Market Report Segments:
The global ASIC Mining Machine market is segmented on the basis of:
Types
BTC, LTC, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Personal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BitMain Technologies Holding Company
- Blockchain Holding GmbH
- BIOSTAR Group
- Ebang International Holdings Inc.
- Spondoolies-Tech
- Halong Mining
- NVIDIA
- Canaan Creative
- Innosilicon
Highlights of The ASIC Mining Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- BTC
- LTC
- Others
- By Application:
- Enterprise
- Personal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ASIC Mining Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ASIC mining machine is a special computer designed specifically for the purpose of mining bitcoins. These machines are very powerful and efficient, and can mine bitcoins at a much faster rate than regular computers.
Some of the major companies in the asic mining machine market are BitMain Technologies Holding Company, Blockchain Holding GmbH, BIOSTAR Group, Ebang International Holdings Inc., Spondoolies-Tech, Halong Mining, NVIDIA, Canaan Creative, Innosilicon.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ASIC Mining Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ASIC Mining Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ASIC Mining Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ASIC Mining Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ASIC Mining Machine Market Size & Forecast, 2020-2028
4.5.1 ASIC Mining Machine Market Size and Y-o-Y Growth
4.5.2 ASIC Mining Machine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 BTC
5.2.2 LTC
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Personal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ASIC Mining Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ASIC Mining Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 BTC
9.6.2 LTC
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Personal
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 BTC
10.6.2 LTC
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Personal
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 BTC
11.6.2 LTC
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Personal
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 BTC
12.6.2 LTC
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Personal
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 BTC
13.6.2 LTC
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Personal
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ASIC Mining Machine Market: Competitive Dashboard
14.2 Global ASIC Mining Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BitMain Technologies Holding Company
14.3.2 Blockchain Holding GmbH
14.3.3 BIOSTAR Group
14.3.4 Ebang International Holdings Inc.
14.3.5 Spondoolies-Tech
14.3.6 Halong Mining
14.3.7 NVIDIA
14.3.8 Canaan Creative
14.3.9 Innosilicon
