NEW YORK – The Cryptocurrency Mining Hardware Market size is set to grow by USD 9.21 billion between 2021 and 2026, and register a CAGR of 9.75%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.

Factors such as the profitability of cryptocurrency mining ventures, growing demand for cryptocurrency-specific hardware, and the rising popularity of mining pools will offer immense growth opportunities.

 

To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The crypto mining hardware market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Cryptocurrency Mining Hardware Market Segmentation
  • Product
    • ASIC
    • GPU
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • Middle East And Africa
Cryptocurrency Mining Hardware Market Vendor Analysis and Scope

Some of the major vendors of the crypto mining hardware market in the Technology Hardware, Storage & Peripherals industry include Advanced Micro Devices Inc., Bitfury Group Ltd., BitMain Technologies Holding Co., Bolonminer, Canaan Inc., Ebang International Holdings Inc., GMO Internet Inc., Goldshell, Helium Systems Inc., HIVE Blockchain Technologies Ltd., INNOSILICON Technology Ltd., Intel Corp., Marathon Digital Holdings Inc., NVIDIA Corp., Riot Blockchain Inc., Shenzhen Fusionsilicon Semiconductor Co. Ltd. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market.

The report also covers the following areas:

  • Cryptocurrency Mining Hardware Market size
  • Crypto Mining Hardware Market trends
  • Cryptocurrency Mining Hardware Market industry analysis

Market trends such as the profitability of cryptocurrency mining ventures are likely to emerge as one of the primary drivers of the market. However, factors such as volatility in the value of cryptocurrency is may threaten the growth of the market.

Cryptocurrency Mining Hardware Market Key Highlights
  • CAGR of the market during the forecast period
  • Detailed information on factors that will assist crypto mining hardware market growth during the next five years
  • Estimation of the crypto mining hardware market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the crypto mining hardware market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of crypto mining hardware market vendors

Source: Technavio