Global Cryptocurrency Mining Equipment Market Insights and Forecast to 2028
Cryptocurrency mining refers to the principle of block chain technology which includes the assembling of transactions into blocks and then executes multiple computations, which further seal those blocks. The main advantage of cryptocurrency mining is that it verifies the transaction and in return provides transaction fees and new block.
Market Analysis and Insights: Global Cryptocurrency Mining Equipment Market
Due to the COVID-19 pandemic, the global Cryptocurrency Mining Equipment market size is estimated to be worth US$ 1364.8 million in 2022 and is forecast to a readjusted size of US$ 2498 million by 2028 with a CAGR of 10.6% during the review period. Fully considering the economic change by this health crisis, CPU Mining accounting for % of the Cryptocurrency Mining Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Self-Mining segment is altered to an % CAGR throughout this forecast period.
The adoption of cryptocurrency mining services such as cloud mining services and remote hosting services is increasing in the developed regions. This factor is estimated to showcase a significant growth in the global cryptocurrency mining equipment market over the forecast period. Apart from this, increasing technological advancement in GPUs and ASICs is providing the miners with higher probability. This factor is expected to increase the growth of global cryptocurrency mining equipment market over the forecast period.
Global Cryptocurrency Mining Equipment Scope and Segment
Cryptocurrency Mining Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Cryptocurrency Mining Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
CPU Mining
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
Others
Segment by Application
Self-Mining
Cloud Mining Services
Remote Hosting Services
Others
By Company
Samsung Electronics
NVIDIA Graphics
Advanced Micro Devices
Russian Miner Coin
Halong Mining
Zhejiang Ebang Communication
Bitmain Technologies
Canaan Creative
TSMC
BitFury
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Market Analysis and Insights: Global Cryptocurrency Mining Equipment Market
Due to the COVID-19 pandemic, the global Cryptocurrency Mining Equipment market size is estimated to be worth US$ 1364.8 million in 2022 and is forecast to a readjusted size of US$ 2498 million by 2028 with a CAGR of 10.6% during the review period. Fully considering the economic change by this health crisis, CPU Mining accounting for % of the Cryptocurrency Mining Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Self-Mining segment is altered to an % CAGR throughout this forecast period.
The adoption of cryptocurrency mining services such as cloud mining services and remote hosting services is increasing in the developed regions. This factor is estimated to showcase a significant growth in the global cryptocurrency mining equipment market over the forecast period. Apart from this, increasing technological advancement in GPUs and ASICs is providing the miners with higher probability. This factor is expected to increase the growth of global cryptocurrency mining equipment market over the forecast period.
Global Cryptocurrency Mining Equipment Scope and Segment
Cryptocurrency Mining Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Cryptocurrency Mining Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
CPU Mining
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
Others
Segment by Application
Self-Mining
Cloud Mining Services
Remote Hosting Services
Others
By Company
Samsung Electronics
NVIDIA Graphics
Advanced Micro Devices
Russian Miner Coin
Halong Mining
Zhejiang Ebang Communication
Bitmain Technologies
Canaan Creative
TSMC
BitFury
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Please Select a Format
