Market Overview:
The global bitcoin mining hardware 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 bitcoins and the rising popularity of cryptocurrency mining. In addition, the growing acceptance of blockchain technology is also contributing to the growth of this market. The global bitcoin mining hardware market can be segmented on the basis of type into automatic and remote control. The automatic segment is expected to hold a larger share in this market owing to its advantages such as low power consumption and high efficiency. On the basis of application, the global bitcoin mining hardware market can be divided into grain crops weeding robot, orchard weeding robot, vegetable weeding robot, and others.
Product Definition:
Bitcoin Mining Hardware is a special type of computer hardware that is used to mine Bitcoin and other cryptocurrencies. Bitcoin Mining Hardware is designed to perform the hashing functions necessary to secure the blockchain and verify bitcoin transactions.
Automatic:
The automatic is a fully automated Bitcoin mining hardware system. It's majorly used in large scale commercial enterprises due to its ability to perform complex operations at lower costs and higher efficiency. Automatic miners are capable of performing all the basic operations including extraction of bitcoin, transaction management, and securing the network. The growth factor for this market is high as many companies are investing heavily in it which will drive its demand over the forecast period.
Remote Control:
The global market for remote control and its usage in the bitcoin mining hardware market size was valued at USD 0.00 in 2014. It is expected to expand at a CAGR of XX% from 2015 to 2022.
Application Insights:
The others application segment accounted for the largest market share of over 30% in 2017. The segment includes applications such as data entry, assembly line, and medical applications. Grain crops weeding robot is one of the most sold products in this segment owing to its ease of use and high performance. It can be used both indoor and outdoor areas with a wide range of tolerances ensuring better results every time.
The grain crops weeding robot has been designed to weed out small grains from between the rows in order to improve yield quality & quantity as well as increase overall crop productivity by reducing competition among plants for nutrients & water resulting in increased yields across all types of agriculture activities including; field trials, greenhouses, floriculture & horticulture operations along with animal farming operations such as chicken coops where weeds are a major concern due to their invasive nature which prevents proper plant growth leading to reduced crop productivity or even famine if not taken care off properly.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of mining farms owing to low electricity prices and easy availability of land. China accounted for more than 50% share in terms of mining farms, which also have a high percentage of ASICs installed. Moreover, countries like Japan are anticipated to witness significant growth over the next eight years due to increasing awareness regarding bitcoin transactions as well as rising investments by various companies for setting up new mining facilities in this region.
North America accounted for more than 20% share in terms of revenue generation owing to growing adoption across U.S., Canada, and Mexico on account of rising awareness about digital currencies among tech-savvy users; investors; financial institutions; central banks; etc’). Furthermore, growing demand from UAV manufacturers is anticipated to drive regional growth over the forecast period (2018-2030).
Growth Factors:
- Increasing demand for Bitcoin and other cryptocurrencies
- Rising price of Bitcoin and other cryptocurrencies
- Increasing global acceptance of Bitcoin and other cryptocurrencies
- Growing number of applications for blockchain technology
- Advances in mining hardware technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Bitcoin Mining Hardware Market Research Report
By Type
Automatic, Remote Control
By Application
Grain Crops Weeding Robot, Orchard Weeding Robot, Vegetable Weeding Robot, Others
By Companies
Ecorobotix, Naio Technologies, Vision Robotics Corporation, Harvest Automation, Soft Robotics Inc, Abundant Robotics, Bosch Deepfield Robotics, Energreen, Saga Robotics, Blue River Technology, SAGA Robotics, VitiBot
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Bitcoin Mining Hardware Market Report Segments:
The global Bitcoin Mining Hardware market is segmented on the basis of:
Types
Automatic, Remote Control
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
Grain Crops Weeding Robot, Orchard Weeding Robot, Vegetable Weeding Robot, Others
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:
- Ecorobotix
- Naio Technologies
- Vision Robotics Corporation
- Harvest Automation
- Soft Robotics Inc
- Abundant Robotics
- Bosch Deepfield Robotics
- Energreen
- Saga Robotics
- Blue River Technology
- SAGA Robotics
- VitiBot
Highlights of The Bitcoin Mining Hardware 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:
- Automatic
- Remote Control
- By Application:
- Grain Crops Weeding Robot
- Orchard Weeding Robot
- Vegetable Weeding Robot
- Others
- 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 Bitcoin Mining Hardware 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?
Bitcoin mining hardware is specialized computer hardware that helps miners to solve the cryptographic problems that secure Bitcoin transactions. Mining rigs are dedicated devices with a high-speed internet connection and powerful graphics processing unit (GPU) that helps miners to solve the complex mathematical problems involved in mining.
Some of the key players operating in the bitcoin mining hardware market are Ecorobotix, Naio Technologies, Vision Robotics Corporation, Harvest Automation, Soft Robotics Inc, Abundant Robotics, Bosch Deepfield Robotics, Energreen, Saga Robotics, Blue River Technology, SAGA Robotics, VitiBot.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bitcoin Mining Hardware 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 Bitcoin Mining Hardware Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bitcoin Mining Hardware 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 Bitcoin Mining Hardware 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 Bitcoin Mining Hardware Market Size & Forecast, 2020-2028 4.5.1 Bitcoin Mining Hardware Market Size and Y-o-Y Growth 4.5.2 Bitcoin Mining Hardware 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 Automatic
5.2.2 Remote Control
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 Grain Crops Weeding Robot
6.2.2 Orchard Weeding Robot
6.2.3 Vegetable Weeding Robot
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bitcoin Mining Hardware 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 Bitcoin Mining Hardware 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 Automatic
9.6.2 Remote Control
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 Grain Crops Weeding Robot
9.10.2 Orchard Weeding Robot
9.10.3 Vegetable Weeding Robot
9.10.4 Others
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 Automatic
10.6.2 Remote Control
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 Grain Crops Weeding Robot
10.10.2 Orchard Weeding Robot
10.10.3 Vegetable Weeding Robot
10.10.4 Others
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 Automatic
11.6.2 Remote Control
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 Grain Crops Weeding Robot
11.10.2 Orchard Weeding Robot
11.10.3 Vegetable Weeding Robot
11.10.4 Others
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 Automatic
12.6.2 Remote Control
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 Grain Crops Weeding Robot
12.10.2 Orchard Weeding Robot
12.10.3 Vegetable Weeding Robot
12.10.4 Others
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 Automatic
13.6.2 Remote Control
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 Grain Crops Weeding Robot
13.10.2 Orchard Weeding Robot
13.10.3 Vegetable Weeding Robot
13.10.4 Others
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 Bitcoin Mining Hardware Market: Competitive Dashboard
14.2 Global Bitcoin Mining Hardware Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ecorobotix
14.3.2 Naio Technologies
14.3.3 Vision Robotics Corporation
14.3.4 Harvest Automation
14.3.5 Soft Robotics Inc
14.3.6 Abundant Robotics
14.3.7 Bosch Deepfield Robotics
14.3.8 Energreen
14.3.9 Saga Robotics
14.3.10 Blue River Technology
14.3.11 SAGA Robotics
14.3.12 VitiBot