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Global Cryptocurrency Mining Hardware Market 2019-2023 - Product Image

Global Cryptocurrency Mining Hardware Market 2019-2023

  • ID: 4769244
  • Report
  • Region: Global
  • 128 pages
  • TechNavio
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FEATURED COMPANIES

  • Baikal Miner
  • Bitfury Group Limited
  • Canaan Creative CO., LTD
  • MORE
The increasing number of product launches are expected to trigger the market growth during the forecast period. Vendors are making significant investments in research and development for developing innovative technologies and new products. In addition, they are incorporating different technologies for increasing the hash rate and reducing power consumption for making mining more efficient. Such a rising number of product launches will boost the cryptocurrency mining hardware market during the forecast period. The analysts have predicted that the cryptocurrency mining hardware market will register a CAGR of over 10% by 2023.

Market Overview

Growing demand for cryptocurrency-specific hardware

One of the growth drivers of the global cryptocurrency mining hardware market is the growing demand for cryptocurrency-specific hardware. This has led to the development of field-programmable gate array (FPGA) processors and ASICs that use hard-wired logic chipsets, which are specifically designed with hash-solving instructions.

High operational cost leading to low-profit margins

One of the challenges in the growth of the global cryptocurrency mining hardware market is the high operational cost leading to low-profit margins. The rise in the number of cryptocurrency startups closing their operations will affect the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the cryptocurrency mining hardware market during 2019-2023, view this report.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. Vendors offering mobile-based payment solutions are investing in the market to launch smartphones that will enable users to mine cryptocurrencies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baikal Miner
  • Bitfury Group Limited
  • Canaan Creative CO., LTD
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • ASIC - Market size and forecast 2018-2023
  • GPU - Market size and forecast 2018-2023
  • Parameters for selection of cryptocurrency mining hardware
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Trends in global cryptocurrency market affecting global cryptocurrency mining hardware market
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Advanced Micro Devices, Inc
  • Baikal Miner
  • Bitfury Group Limited
  • BitMain Technologies Holding Company
  • Canaan Creative CO., LTD
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of vendor Positioning
List of Exhibits
Exhibit 01: Global information technology (IT) hardware market
Exhibit 02: Segments of global information technology (IT) hardware market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: ASIC - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: ASIC mining hardware comparison
Exhibit 21: ASIC - Year-over-year growth 2019-2023 (%)
Exhibit 22: GPU - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: GPU mining hardware comparison
Exhibit 24: GPU - Year-over-year growth 2019-2023 (%)
Exhibit 25: Comparison of ASIC and GPU
Exhibit 26: Market opportunity by product
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 32: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: North America - Year-over-year growth 2019-2023 (%)
Exhibit 34: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Volatility in growth rate of value of Bitcoin in 2018 (%)
Exhibit 43: Volatility in growth rate of hash rate in 2018 (%)
Exhibit 44: Global Bitcoin energy consumption index in 2018 (TWh)
Exhibit 45: Impact of drivers and challenges
Exhibit 46: Cryptocurrency market capital
Exhibit 47: Vendor landscape
Exhibit 48: Landscape disruption
Exhibit 49: Vendors covered
Exhibit 50: Vendor classification
Exhibit 51: Market positioning of vendors
Exhibit 52: Advanced Micro Devices, Inc - Vendor overview
Exhibit 53: Advanced Micro Devices, Inc - Business segments
Exhibit 54: Advanced Micro Devices, Inc - Organizational developments
Exhibit 55: Advanced Micro Devices, Inc - Geographic focus
Exhibit 56: Advanced Micro Devices, Inc - Segment focus
Exhibit 57: Advanced Micro Devices, Inc - Key offerings
Exhibit 58: Baikal Miner - Vendor overview
Exhibit 59: Baikal Miner - Organizational developments
Exhibit 60: Baikal Miner - Key offerings
Exhibit 61: Bitfury Group Limited - Vendor overview
Exhibit 62: Bitfury Group Limited - Product segments
Exhibit 63: Bitfury Group Limited - Organizational developments
Exhibit 64: Bitfury Group Limited - Key offerings
Exhibit 65: BitMain Technologies Holding Company - Vendor overview
Exhibit 66: BitMain Technologies Holding Company - Business segments
Exhibit 67: BitMain Technologies Holding Company - Organizational developments
Exhibit 68: BitMain Technologies Holding Company - Key offerings
Exhibit 69: Canaan Creative CO., LTD - Vendor overview
Exhibit 70: Canaan Creative CO., LTD - Organizational developments
Exhibit 71: Canaan Creative CO., LTD - Key offerings
Exhibit 72: Validation techniques employed for market sizing
Exhibit 73: Definition of vendor positioning
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baikal Miner
  • Bitfury Group Limited
  • Canaan Creative CO., LTD
  • MORE
Global Cryptocurrency Mining Hardware Market 2019-2023

The analyst recognizes the following companies as the key players in the global cryptocurrency mining hardware market: Advanced Micro Devices, Inc, Baikal Miner, Bitfury Group Limited, BitMain Technologies Holding Company, and Canaan Creative CO., LTD.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the trends in global cryptocurrency market affecting global cryptocurrency mining hardware market.”

According to the report, one of the major drivers for this market is the growing demand for cryptocurrency-specific hardware.

Further, the report states that one of the major factors hindering the growth of this market is the high operational cost leading to low-profit margins.

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Advanced Micro Devices, Inc
  • Baikal Miner
  • Bitfury Group Limited
  • BitMain Technologies Holding Company
  • Canaan Creative CO., LTD
Note: Product cover images may vary from those shown
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