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Global ASIC Bitcoin Mining Hardware Market Research Report 2024

Global ASIC Bitcoin Mining Hardware Market Research Report 2024

Publishing Date : Feb, 2024

License Type :
 

Report Code : 1903403

No of Pages : 89

Synopsis
Specialized IC chips are known as ASIC chips. An ASIC chip are generally customized to process a particular application but has little flexibility for general use, which are increasingly employed in blockchain and many other cutting-edge technologies. Its estimated growth from 2023 to 2029 is expected to be at a CAGR of 10.5%, higher than other types of ICs.
ASIC chips offer stronger computing power and are more energy-efficient than chips for general use in running particular applications they are customized for. Therefore, ASIC chips are widely used in cryptocurrency mining, and ASIC chip designers are major participants in the Bitcoin mining machine industry.
Several entry barriers exist for ASIC chip designers, including design expertise, long development time and high fixed cost. With respect to expertise, ASIC chips are narrowly targeted and have little flexibility and so ASIC chip designers need to have precise and in-depth understanding of the applications being designed. Additionally, ASIC chip designers need to have expertise across a range of domains include programming, integrated circuit production and semiconductor technology in order to understand how to efficiently design an ASIC chip to be integrated into a Bitcoin mining machine. Because of this complexity, designing ASIC chips also requires an enormous input of time to experiment with the specifications and physical design. The typical design cycle takes 12 to 24 months. This also means that ASIC chip design has a high fixed cost in order to experiment for this length of time. Moreover, ASIC chip designers need to be precise in their estimates of market demand so that they do not overspend on the development.
Key performance metrics of Bitcoin mining machines typically include the following:
Computing power. Computing power determines how quickly a Bitcoin mining machine can process a transaction, and is also known as the “hash rate” or “hash power”. It is evaluated both at the maximum level of computing power and its ability to maintain that level of power. Users may form mining pools with multiple Bitcoin mining machines to increase their collective hash power.
Efficiency. Another key property of Bitcoin mining machines is efficiency, which refers to the amount of power used in relation to the computing power. An efficient Bitcoin mining machine needs to have computing power that is sufficient to generate rewards greater than the cost of the power consumed.
Heat reduction. Because Bitcoin mining machines use a great deal of power, heat reduction is a concern since users may need to expend extra energy costs to keep the Bitcoin mining machines cool enough to avoid overheating.
Others. Other factors that users may consider include the size and weight of the Bitcoin mining machine, its noise level and whether it is complicated to assemble.
ASIC Bitcoin mining hardware comes in many different shapes and sizes, with varying levels of processing power and energy consumption. Some of the most popular ASIC Bitcoin mining hardware manufacturers include Bitmain, Canaan, and MicroBT. These companies produce ASICs that range from small, consumer-grade devices to large, industrial-scale mining farms.
The global ASIC Bitcoin Mining Hardware market was valued at US$ 8609.7 million in 2023 and is anticipated to reach US$ 24030 million by 2030, witnessing a CAGR of 9.3% during the forecast period 2024-2030.
The key manufacturers of ASIC Bitcoin Mining Hardware in the world are BitMain, Canaan, MicroBT, Ebang, AGMH, Bee Computing, and Innosilicon, among which the top three manufacturers hold over 95% of the market share, with BitMain being the largest producer. The production of global ASIC Bitcoin mining hardware is mainly distributed in North America, Europe, and China, with the top three production regions accounting for over 90% of the market share. Currently, China is the largest production region. In terms of product types, ETH has a relatively rapid growth rate, but BTC has a high market share of more than 90%, followed by LTC and ETH. In terms of its application, mining farm is the largest field, with a market share of nearly 70%, followed by mining pool service providers.
This report aims to provide a comprehensive presentation of the global market for ASIC Bitcoin Mining Hardware, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding ASIC Bitcoin Mining Hardware.
Report Scope
The ASIC Bitcoin Mining Hardware market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global ASIC Bitcoin Mining Hardware market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the ASIC Bitcoin Mining Hardware manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
BitMain
Canaan
MicroBT
Ebang
AGMH
Bee Computing
Innosilicon
Segment by Type
BTC
LTC
ETH
Other
Segment by Application
Mining Farm
Mining Pool Service Providers
Production by Region
North America
Europe
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of ASIC Bitcoin Mining Hardware manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of ASIC Bitcoin Mining Hardware by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of ASIC Bitcoin Mining Hardware in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index
1 ASIC Bitcoin Mining Hardware Market Overview
1.1 Product Definition
1.2 ASIC Bitcoin Mining Hardware Segment by Type
1.2.1 Global ASIC Bitcoin Mining Hardware Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 BTC
1.2.3 LTC
1.2.4 ETH
1.2.5 Other
1.3 ASIC Bitcoin Mining Hardware Segment by Application
1.3.1 Global ASIC Bitcoin Mining Hardware Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Mining Farm
1.3.3 Mining Pool Service Providers
1.4 Global Market Growth Prospects
1.4.1 Global ASIC Bitcoin Mining Hardware Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global ASIC Bitcoin Mining Hardware Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global ASIC Bitcoin Mining Hardware Production Estimates and Forecasts (2019-2030)
1.4.4 Global ASIC Bitcoin Mining Hardware Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global ASIC Bitcoin Mining Hardware Production Market Share by Manufacturers (2019-2024)
2.2 Global ASIC Bitcoin Mining Hardware Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of ASIC Bitcoin Mining Hardware, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global ASIC Bitcoin Mining Hardware Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global ASIC Bitcoin Mining Hardware Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of ASIC Bitcoin Mining Hardware, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of ASIC Bitcoin Mining Hardware, Product Offered and Application
2.8 Global Key Manufacturers of ASIC Bitcoin Mining Hardware, Date of Enter into This Industry
2.9 ASIC Bitcoin Mining Hardware Market Competitive Situation and Trends
2.9.1 ASIC Bitcoin Mining Hardware Market Concentration Rate
2.9.2 Global 5 and 10 Largest ASIC Bitcoin Mining Hardware Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 ASIC Bitcoin Mining Hardware Production by Region
3.1 Global ASIC Bitcoin Mining Hardware Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global ASIC Bitcoin Mining Hardware Production Value by Region (2019-2030)
3.2.1 Global ASIC Bitcoin Mining Hardware Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of ASIC Bitcoin Mining Hardware by Region (2025-2030)
3.3 Global ASIC Bitcoin Mining Hardware Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global ASIC Bitcoin Mining Hardware Production by Region (2019-2030)
3.4.1 Global ASIC Bitcoin Mining Hardware Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of ASIC Bitcoin Mining Hardware by Region (2025-2030)
3.5 Global ASIC Bitcoin Mining Hardware Market Price Analysis by Region (2019-2024)
3.6 Global ASIC Bitcoin Mining Hardware Production and Value, Year-over-Year Growth
3.6.1 North America ASIC Bitcoin Mining Hardware Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe ASIC Bitcoin Mining Hardware Production Value Estimates and Forecasts (2019-2030)
3.6.3 China ASIC Bitcoin Mining Hardware Production Value Estimates and Forecasts (2019-2030)
4 ASIC Bitcoin Mining Hardware Consumption by Region
4.1 Global ASIC Bitcoin Mining Hardware Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global ASIC Bitcoin Mining Hardware Consumption by Region (2019-2030)
4.2.1 Global ASIC Bitcoin Mining Hardware Consumption by Region (2019-2024)
4.2.2 Global ASIC Bitcoin Mining Hardware Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America ASIC Bitcoin Mining Hardware Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America ASIC Bitcoin Mining Hardware Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe ASIC Bitcoin Mining Hardware Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe ASIC Bitcoin Mining Hardware Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific ASIC Bitcoin Mining Hardware Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific ASIC Bitcoin Mining Hardware Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa ASIC Bitcoin Mining Hardware Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa ASIC Bitcoin Mining Hardware Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global ASIC Bitcoin Mining Hardware Production by Type (2019-2030)
5.1.1 Global ASIC Bitcoin Mining Hardware Production by Type (2019-2024)
5.1.2 Global ASIC Bitcoin Mining Hardware Production by Type (2025-2030)
5.1.3 Global ASIC Bitcoin Mining Hardware Production Market Share by Type (2019-2030)
5.2 Global ASIC Bitcoin Mining Hardware Production Value by Type (2019-2030)
5.2.1 Global ASIC Bitcoin Mining Hardware Production Value by Type (2019-2024)
5.2.2 Global ASIC Bitcoin Mining Hardware Production Value by Type (2025-2030)
5.2.3 Global ASIC Bitcoin Mining Hardware Production Value Market Share by Type (2019-2030)
5.3 Global ASIC Bitcoin Mining Hardware Price by Type (2019-2030)
6 Segment by Application
6.1 Global ASIC Bitcoin Mining Hardware Production by Application (2019-2030)
6.1.1 Global ASIC Bitcoin Mining Hardware Production by Application (2019-2024)
6.1.2 Global ASIC Bitcoin Mining Hardware Production by Application (2025-2030)
6.1.3 Global ASIC Bitcoin Mining Hardware Production Market Share by Application (2019-2030)
6.2 Global ASIC Bitcoin Mining Hardware Production Value by Application (2019-2030)
6.2.1 Global ASIC Bitcoin Mining Hardware Production Value by Application (2019-2024)
6.2.2 Global ASIC Bitcoin Mining Hardware Production Value by Application (2025-2030)
6.2.3 Global ASIC Bitcoin Mining Hardware Production Value Market Share by Application (2019-2030)
6.3 Global ASIC Bitcoin Mining Hardware Price by Application (2019-2030)
7 Key Companies Profiled
7.1 BitMain
7.1.1 BitMain ASIC Bitcoin Mining Hardware Corporation Information
7.1.2 BitMain ASIC Bitcoin Mining Hardware Product Portfolio
7.1.3 BitMain ASIC Bitcoin Mining Hardware Production, Value, Price and Gross Margin (2019-2024)
7.1.4 BitMain Main Business and Markets Served
7.1.5 BitMain Recent Developments/Updates
7.2 Canaan
7.2.1 Canaan ASIC Bitcoin Mining Hardware Corporation Information
7.2.2 Canaan ASIC Bitcoin Mining Hardware Product Portfolio
7.2.3 Canaan ASIC Bitcoin Mining Hardware Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Canaan Main Business and Markets Served
7.2.5 Canaan Recent Developments/Updates
7.3 MicroBT
7.3.1 MicroBT ASIC Bitcoin Mining Hardware Corporation Information
7.3.2 MicroBT ASIC Bitcoin Mining Hardware Product Portfolio
7.3.3 MicroBT ASIC Bitcoin Mining Hardware Production, Value, Price and Gross Margin (2019-2024)
7.3.4 MicroBT Main Business and Markets Served
7.3.5 MicroBT Recent Developments/Updates
7.4 Ebang
7.4.1 Ebang ASIC Bitcoin Mining Hardware Corporation Information
7.4.2 Ebang ASIC Bitcoin Mining Hardware Product Portfolio
7.4.3 Ebang ASIC Bitcoin Mining Hardware Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Ebang Main Business and Markets Served
7.4.5 Ebang Recent Developments/Updates
7.5 AGMH
7.5.1 AGMH ASIC Bitcoin Mining Hardware Corporation Information
7.5.2 AGMH ASIC Bitcoin Mining Hardware Product Portfolio
7.5.3 AGMH ASIC Bitcoin Mining Hardware Production, Value, Price and Gross Margin (2019-2024)
7.5.4 AGMH Main Business and Markets Served
7.5.5 AGMH Recent Developments/Updates
7.6 Bee Computing
7.6.1 Bee Computing ASIC Bitcoin Mining Hardware Corporation Information
7.6.2 Bee Computing ASIC Bitcoin Mining Hardware Product Portfolio
7.6.3 Bee Computing ASIC Bitcoin Mining Hardware Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Bee Computing Main Business and Markets Served
7.6.5 Bee Computing Recent Developments/Updates
7.7 Innosilicon
7.7.1 Innosilicon ASIC Bitcoin Mining Hardware Corporation Information
7.7.2 Innosilicon ASIC Bitcoin Mining Hardware Product Portfolio
7.7.3 Innosilicon ASIC Bitcoin Mining Hardware Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Innosilicon Main Business and Markets Served
7.7.5 Innosilicon Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 ASIC Bitcoin Mining Hardware Industry Chain Analysis
8.2 ASIC Bitcoin Mining Hardware Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 ASIC Bitcoin Mining Hardware Production Mode & Process
8.4 ASIC Bitcoin Mining Hardware Sales and Marketing
8.4.1 ASIC Bitcoin Mining Hardware Sales Channels
8.4.2 ASIC Bitcoin Mining Hardware Distributors
8.5 ASIC Bitcoin Mining Hardware Customers
9 ASIC Bitcoin Mining Hardware Market Dynamics
9.1 ASIC Bitcoin Mining Hardware Industry Trends
9.2 ASIC Bitcoin Mining Hardware Market Drivers
9.3 ASIC Bitcoin Mining Hardware Market Challenges
9.4 ASIC Bitcoin Mining Hardware Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Published By : QY Research

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