Market Overview:
The global cryptocurrency mining equipment market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cryptocurrencies and rising adoption of blockchain technology. The global cryptocurrency mining equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into CPU Mining, Graphics Processing Units (GPUs), Field Programmable Gate Arrays (FPGAs), Application Specific Integrated Circuits (ASICs), and others. The ASICs segment is expected to grow at a high CAGR during the forecast period owing to its high efficiency and low power consumption as compared to other types of mining hardware. On the basis of application, self-mining accounted for majority share in 2017; however, cloud mining services are projected to witness highest growth rate during 2018-2030 owing to growing popularity among investors looking for higher returns on investment.
Product Definition:
Cryptocurrency mining is the process by which new cryptocurrency tokens are created. Cryptocurrency miners use special software and hardware to solve complex math problems and are rewarded with new cryptocurrency tokens for their efforts. Mining is an important part of the cryptocurrency ecosystem, as it helps secure the network and verifies transactions.
CPU Mining:
CPU Mining is also known as CPU Based Mining. It's a method where the miner uses his/her own computer processor to mine cryptocurrency. The more processors (cores) the faster the mining speed and vice versa. This method is popular among new miners as it helps them to familiarize their equipment and set-up a mining operation without any professional assistance which can be expensive later on, if required.
Graphics Processing Units (GPUs):
The global Graphics Processing Unit (GPU) is a specialized microchip that aids in the processing of images and videos. GPUs are used for mining cryptocurrencies such as Bitcoin, Ethereum, and Monero. The growing demand for cryptocurrency has led to an increase in the number of miners across the globe which further increases electricity consumption.
Application Insights:
The others segment held the largest market share of over 40% in 2017. The other applications include gaming, electricity trading, and scientific research. Scientific research is one of the key drivers for this segment as many researchers are using cryptocurrencies for funding their projects. For instance, scientists at the University of Texas are trying to raise funds by selling cryptocurrency mining rigs to researchers worldwide. Furthermore, remote hosting services accounted for a significant market share in 2017 owing to an increase in cloud mining operations across various companies and individuals since then price hike has increased profitability margins even more than before.
Cloud mining services have been gaining traction rapidly due largely to an increase in demand from cryptocurrency investors all over the world looking out for suitable locations with high electrical yields which they can utilize towards investments made into cloud hashing contracts without having too much hassle about technicalities or details involved with such contracts themselves (otherwise it would take years just reading through them).
Regional Analysis:
The Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments in cloud mining services, which offer users with cryptocurrency mining contracts for a fixed price. Furthermore, increasing demand for digital currencies has led to an increase in their trade value, thus propelling investors and manufacturers towards launching new products.
North America is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 owing high adoption of advanced technologies across various sectors including IT and telecom. Moreover, growing awareness regarding virtual currencies among users of websites such as Reddit and Bitcoin Talk Forum will drive demand further over the next eight years. However, strict regulations imposed by governments across countries such as Canada against cryptocurrencies may affect industry growth negatively during the forecast period.
Growth Factors:
- Increasing demand for cryptocurrency
- Growing popularity of blockchain technology
- Rising awareness about the benefits of cryptocurrency mining
- Proliferation of digital currencies and their increasing acceptance as a payment mode
- Technological advancements in mining equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryptocurrency Mining Equipment Market Research Report
By Type
CPU Mining, Graphics Processing Units (GPUs), Field Programmable Gate Arrays (FPGAs), Application Specific Integrated Circuits (ASICs), Others
By Application
Self-Mining, Cloud Mining Services, Remote Hosting Services, Others
By Companies
Samsung Electronics, NVIDIA Graphics, Advanced Micro Devices, Russian Miner Coin, Halong Mining, Zhejiang Ebang Communication, Bitmain Technologies, Canaan Creative, TSMC, BitFury, Samsung Electronics
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Cryptocurrency Mining Equipment Market Report Segments:
The global Cryptocurrency Mining Equipment market is segmented on the basis of:
Types
CPU Mining, Graphics Processing Units (GPUs), Field Programmable Gate Arrays (FPGAs), Application Specific Integrated Circuits (ASICs), 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
Self-Mining, Cloud Mining Services, Remote Hosting Services, 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:
- Samsung Electronics
- NVIDIA Graphics
- Advanced Micro Devices
- Russian Miner Coin
- Halong Mining
- Zhejiang Ebang Communication
- Bitmain Technologies
- Canaan Creative
- TSMC
- BitFury
- Samsung Electronics
Highlights of The Cryptocurrency Mining Equipment 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:
- CPU Mining
- Graphics Processing Units (GPUs)
- Field Programmable Gate Arrays (FPGAs)
- Application Specific Integrated Circuits (ASICs)
- Others
- By Application:
- Self-Mining
- Cloud Mining Services
- Remote Hosting Services
- 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 Cryptocurrency Mining Equipment 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?
Cryptocurrency mining equipment is a set of hardware and software used to help miners solve complex mathematical problems to earn cryptocurrency. Mining rigs are typically composed of graphics cards, processors, motherboards, and other related components.
Some of the key players operating in the cryptocurrency mining equipment market are Samsung Electronics, NVIDIA Graphics, Advanced Micro Devices, Russian Miner Coin, Halong Mining, Zhejiang Ebang Communication, Bitmain Technologies, Canaan Creative, TSMC, BitFury, Samsung Electronics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryptocurrency Mining Equipment 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 Cryptocurrency Mining Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryptocurrency Mining Equipment 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 Cryptocurrency Mining Equipment 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 Cryptocurrency Mining Equipment Market Size & Forecast, 2020-2028
4.5.1 Cryptocurrency Mining Equipment Market Size and Y-o-Y Growth
4.5.2 Cryptocurrency Mining Equipment 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 CPU Mining
5.2.2 Graphics Processing Units (GPUs)
5.2.3 Field Programmable Gate Arrays (FPGAs)
5.2.4 Application Specific Integrated Circuits (ASICs)
5.2.5 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 Self-Mining
6.2.2 Cloud Mining Services
6.2.3 Remote Hosting Services
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryptocurrency Mining Equipment 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 Cryptocurrency Mining Equipment 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 CPU Mining
9.6.2 Graphics Processing Units (GPUs)
9.6.3 Field Programmable Gate Arrays (FPGAs)
9.6.4 Application Specific Integrated Circuits (ASICs)
9.6.5 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 Self-Mining
9.10.2 Cloud Mining Services
9.10.3 Remote Hosting Services
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 CPU Mining
10.6.2 Graphics Processing Units (GPUs)
10.6.3 Field Programmable Gate Arrays (FPGAs)
10.6.4 Application Specific Integrated Circuits (ASICs)
10.6.5 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 Self-Mining
10.10.2 Cloud Mining Services
10.10.3 Remote Hosting Services
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 CPU Mining
11.6.2 Graphics Processing Units (GPUs)
11.6.3 Field Programmable Gate Arrays (FPGAs)
11.6.4 Application Specific Integrated Circuits (ASICs)
11.6.5 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 Self-Mining
11.10.2 Cloud Mining Services
11.10.3 Remote Hosting Services
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 CPU Mining
12.6.2 Graphics Processing Units (GPUs)
12.6.3 Field Programmable Gate Arrays (FPGAs)
12.6.4 Application Specific Integrated Circuits (ASICs)
12.6.5 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 Self-Mining
12.10.2 Cloud Mining Services
12.10.3 Remote Hosting Services
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 CPU Mining
13.6.2 Graphics Processing Units (GPUs)
13.6.3 Field Programmable Gate Arrays (FPGAs)
13.6.4 Application Specific Integrated Circuits (ASICs)
13.6.5 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 Self-Mining
13.10.2 Cloud Mining Services
13.10.3 Remote Hosting Services
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 Cryptocurrency Mining Equipment Market: Competitive Dashboard
14.2 Global Cryptocurrency Mining Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung Electronics
14.3.2 NVIDIA Graphics
14.3.3 Advanced Micro Devices
14.3.4 Russian Miner Coin
14.3.5 Halong Mining
14.3.6 Zhejiang Ebang Communication
14.3.7 Bitmain Technologies
14.3.8 Canaan Creative
14.3.9 TSMC
14.3.10 BitFury
14.3.11 Samsung Electronics
