Global cryptocurrency mining hardware market 2024-2028

Description

List of Tables

The cryptocurrency mining hardware market is forecasted to grow by USD 16094.9 mn during 2023-2028, accelerating at a CAGR of 13.2% during the forecast period. The report on the cryptocurrency mining hardware market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the profitability of cryptocurrency mining ventures, growing demand for cryptocurrency-specific hardware, and the rising popularity of mining pools.

Technavio's cryptocurrency mining hardware market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	11.4%
CAGR	13.2%
Incremental Value	$16094.9mn

ByProduct

ASIC
GPU
Others

ByApplication

Bitcoin mining
Ethereum mining
Others

ByGeography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the acceptance of cryptocurrency by retailers as one of the prime reasons driving the cryptocurrency mining hardware market growth during the next few years. Also, investments by large semiconductor companies in mining-specific hardware and people's inclination toward digital currency will lead to sizable demand in the market.

The report on the cryptocurrency mining hardware market covers the following areas:

Cryptocurrency mining hardware market sizing
Cryptocurrency mining hardware market forecast
Cryptocurrency mining hardware market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cryptocurrency mining hardware market vendors that include Argo Blockchain Plc, BIT Digital Inc., Bitfarms Ltd., BitMain Group, Canaan Inc., Ebang International Holdings Inc., Elite Mining Inc., ePIC Blockchain Technologies Inc., Genesis Mining Ltd., GMO Internet Group Inc, Helium Systems Inc., HIVE Blockchain Technologies Ltd., Hut 8 Corp., INNOSILICON Technology Ltd., Intelion Mine LLC, Marathon Digital Holdings Inc., NiceHash Ltd., Riot Blockchain Inc., Spacemesh, Shenzhen Jingang Zhuoyue Co. Ltd, and Shenzhen MicroBT Electronics Technology Co. Ltd. Also, the cryptocurrency mining hardware market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR43766

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Cryptocurrency Mining Hardware Market 2018 - 2022
- Historic Market Size - Data Table on Global Cryptocurrency Mining Hardware Market 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
6.3 ASIC - Market size and forecast 2023-2028
- Chart on ASIC - Market size and forecast 2023-2028 ($ million)
- Data Table on ASIC - Market size and forecast 2023-2028 ($ million)
- Chart on ASIC - Year-over-year growth 2023-2028 (%)
- Data Table on ASIC - Year-over-year growth 2023-2028 (%)
6.4 GPU - Market size and forecast 2023-2028
- Chart on GPU - Market size and forecast 2023-2028 ($ million)
- Data Table on GPU - Market size and forecast 2023-2028 ($ million)
- Chart on GPU - Year-over-year growth 2023-2028 (%)
- Data Table on GPU - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
7.3 Bitcoin mining - Market size and forecast 2023-2028
- Chart on Bitcoin mining - Market size and forecast 2023-2028 ($ million)
- Data Table on Bitcoin mining - Market size and forecast 2023-2028 ($ million)
- Chart on Bitcoin mining - Year-over-year growth 2023-2028 (%)
- Data Table on Bitcoin mining - Year-over-year growth 2023-2028 (%)
7.4 Ethereum mining - Market size and forecast 2023-2028
- Chart on Ethereum mining - Market size and forecast 2023-2028 ($ million)
- Data Table on Ethereum mining - Market size and forecast 2023-2028 ($ million)
- Chart on Ethereum mining - Year-over-year growth 2023-2028 (%)
- Data Table on Ethereum mining - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Russia - Market size and forecast 2023-2028
- Chart on Russia - Market size and forecast 2023-2028 ($ million)
- Data Table on Russia - Market size and forecast 2023-2028 ($ million)
- Chart on Russia - Year-over-year growth 2023-2028 (%)
- Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Ireland - Market size and forecast 2023-2028
- Chart on Ireland - Market size and forecast 2023-2028 ($ million)
- Data Table on Ireland - Market size and forecast 2023-2028 ($ million)
- Chart on Ireland - Year-over-year growth 2023-2028 (%)
- Data Table on Ireland - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 BIT Digital Inc.
- BIT Digital Inc. - Overview
- BIT Digital Inc. - Product / Service
- BIT Digital Inc. - Key news
- BIT Digital Inc. - Key offerings
12.4 BitMain Group
- BitMain Group - Overview
- BitMain Group - Product / Service
- BitMain Group - Key news
- BitMain Group - Key offerings
12.5 Canaan Inc.
- Canaan Inc. - Overview
- Canaan Inc. - Product / Service
- Canaan Inc. - Key news
- Canaan Inc. - Key offerings
12.6 Ebang International Holdings Inc.
- Ebang International Holdings Inc. - Overview
- Ebang International Holdings Inc. - Product / Service
- Ebang International Holdings Inc. - Key offerings
12.7 Elite Mining Inc.
- Elite Mining Inc. - Overview
- Elite Mining Inc. - Product / Service
- Elite Mining Inc. - Key offerings
12.8 ePIC Blockchain Technologies Inc.
- ePIC Blockchain Technologies Inc. - Overview
- ePIC Blockchain Technologies Inc. - Product / Service
- ePIC Blockchain Technologies Inc. - Key news
- ePIC Blockchain Technologies Inc. - Key offerings
12.9 Helium Systems Inc.
- Helium Systems Inc. - Overview
- Helium Systems Inc. - Product / Service
- Helium Systems Inc. - Key offerings
12.10 HIVE Blockchain Technologies Ltd.
- HIVE Blockchain Technologies Ltd. - Overview
- HIVE Blockchain Technologies Ltd. - Product / Service
- HIVE Blockchain Technologies Ltd. - Key news
- HIVE Blockchain Technologies Ltd. - Key offerings
12.11 Hut 8 Corp.
- Hut 8 Corp. - Overview
- Hut 8 Corp. - Product / Service
- Hut 8 Corp. - Key news
- Hut 8 Corp. - Key offerings
12.12 INNOSILICON Technology Ltd.
- INNOSILICON Technology Ltd. - Overview
- INNOSILICON Technology Ltd. - Product / Service
- INNOSILICON Technology Ltd. - Key offerings
12.13 Intelion Mine LLC
- Intelion Mine LLC - Overview
- Intelion Mine LLC - Product / Service
- Intelion Mine LLC - Key offerings
12.14 Marathon Digital Holdings Inc.
- Marathon Digital Holdings Inc. - Overview
- Marathon Digital Holdings Inc. - Product / Service
- Marathon Digital Holdings Inc. - Key news
- Marathon Digital Holdings Inc. - Key offerings
12.15 Riot Blockchain Inc.
- Riot Blockchain Inc. - Overview
- Riot Blockchain Inc. - Business segments
- Riot Blockchain Inc. - Key news
- Riot Blockchain Inc. - Key offerings
- Riot Blockchain Inc. - Segment focus
12.16 Spacemesh
- Spacemesh - Overview
- Spacemesh - Product / Service
- Spacemesh - Key offerings
12.17 Shenzhen Jingang Zhuoyue Co. Ltd
- Shenzhen Jingang Zhuoyue Co. Ltd - Overview
- Shenzhen Jingang Zhuoyue Co. Ltd - Product / Service
- Shenzhen Jingang Zhuoyue Co. Ltd - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations