Industry Background:
Application-specific integrated circuit (ASIC) is a bitcoin mining hardware created solely to solve bitcoin blocks. The ASIC have only minimal requirements for other computer applications. ASIC Bitcoin mining hardware can solve bitcoin blocks much quicker and use lesser electricity or power than other mining hardware, such as FPGAs. Moreover, in bitcoins, ASICs are gradually being preferred by miners owing to its extraordinary speed which consumes much less power than FPGA or GPU mining rigs.
The Global ASIC Bitcoin Mining Hardware market presents a comprehensive analysis of the ASIC Bitcoin Mining Hardware market by product type (ETH Type, BTC Type and Other), by end-user/application (Enterprise and Personal), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are Bitmain Technologies Ltd. (China), BIOSTAR Group (Taiwan), BitFury Group (Netherlands), Ebang (China), Butterfly Labs, Inc. (United States), CoinTerra, Inc. (United States), Black Arrow (China), HashFast Technologies, LLC (United States), iCoinTech (Cyprus) and Innosilicon (China). Additionally, other players that are part of this comprehensive study are KnCMiner Sweden AB (Sweden) and Land Asic (China).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bitmain Technologies Ltd. (China), BIOSTAR Group (Taiwan), BitFury Group (Netherlands), Ebang (China), Butterfly Labs, Inc. (United States), CoinTerra, Inc. (United States), Black Arrow (China), HashFast Technologies, LLC (United States), iCoinTech (Cyprus) and Innosilicon (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Implementation of New Technologies in Finance to Create Innovative Products
Market Growth Drivers:
Growing Need for Decentralized and Secure Digital Payment System, Rising Acceptance by Different Industry Verticals and Booming Economy and Increasing Disposable Income
Challenges:
Internet Security Break and Complex to Use
Restraints:
Lack of Awareness and Technical Understanding Regarding Bitcoin and Dearth of Supervisory Control on the Transactions
Opportunities:
Large Untapped Markets Of Developing Economies
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global ASIC Bitcoin Mining Hardware industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the Asia Pacific holds majority of market share of the ASIC Bitcoin Mining Hardware, the North America has emerged as a crucial market for several ASIC Bitcoin Mining Hardware brands.
The Distribution Channel, such as Online, is boosting the ASIC Bitcoin Mining Hardware market and is anticipated to experience a steady growth during the forecast period.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Cyprus, Africa), North America (United States, Canada, Mexico)