Global Cryptocurrency Mining Hardware Market Insights and Forecast to 2028

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining". This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Market Analysis and Insights: Global Cryptocurrency Mining Hardware Market
Due to the COVID-19 pandemic, the global Cryptocurrency Mining Hardware market size is estimated to be worth US$ 8680.3 million in 2022 and is forecast to a readjusted size of US$ 12930 million by 2028 with a CAGR of 6.9% during the review period. Fully considering the economic change by this health crisis, ASIC Miner accounting for % of the Cryptocurrency Mining Hardware global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Enterprise segment is altered to an % CAGR throughout this forecast period.
China Cryptocurrency Mining Hardware market size is valued at US$ million in 2021, while the US and Europe Cryptocurrency Mining Hardware are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Cryptocurrency Mining Hardware landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Cryptocurrency Mining Hardware include BitMain Technologies Holding, Canaan Creative, Halong Mining, Advanced Micro Devices, Baikal Miner, Bitfury Group, Canaan Creative, Innosilicon and ASICMiner and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Cryptocurrency Mining Hardware capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Cryptocurrency Mining Hardware by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Cryptocurrency Mining Hardware Scope and Segment
Cryptocurrency Mining Hardware market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Cryptocurrency Mining Hardware market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
ASIC Miner
GPU Mining Rig
Others
Segment by Application
Enterprise
Personal
By Company
BitMain Technologies Holding
Canaan Creative
Halong Mining
Advanced Micro Devices
Baikal Miner
Bitfury Group
Canaan Creative
Innosilicon
ASICMiner
Ebang Communication
Production by Region
North America
Europe
China
Japan
South Korea
Consumption 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

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