Insights on the Cryptocurrency Mining Hardware Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 - Technavio

LONDON--()--The cryptocurrency mining hardware market is expected to grow by $ 2.80 bn, progressing at a CAGR of over 7% during the forecast period.

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The growing demand for cryptocurrency-specific hardware is one of the major factors propelling market growth. However, factors such as declining cost of mining hardware will hamper the market growth.

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Cryptocurrency Mining Hardware Market: Product Landscape

Based on the product, the ASIC mining segment is expected to witness lucrative growth during the forecast period.

Cryptocurrency Mining Hardware Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 57% of the market’s overall growth is expected to originate from APAC. China and Japan are the key markets for cryptocurrency mining hardware in APAC.

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Companies Covered:

  • Advanced Micro Devices Inc.
  • ASICminer Co.
  • Baikal Miner
  • Bitfury Group Ltd.
  • BitMain Technologies Holding Co.
  • Canaan Inc.
  • Cynosure Technologies Co. Ltd.
  • Halong Mining
  • INNOSILICON Technology Ltd.
  • Shenzhen MicroBT Electronics Technology Co. Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • ASIC - Market size and forecast 2019-2024
  • GPU - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Advanced Micro Devices Inc.
  • ASICminer Co.
  • Baikal Miner
  • Bitfury Group Ltd.
  • BitMain Technologies Holding Co.
  • Canaan Inc.
  • Cynosure Technologies Co. Ltd.
  • Halong Mining
  • INNOSILICON Technology Ltd.
  • Shenzhen MicroBT Electronics Technology Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Cryptocurrency Mining Hardware Market will grow by $ 2.80 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/