Bitcoin Mining Hardware Market By Type, By Security, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. High threat of substitutes
3.3.4. High threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in need for transparency in the payment system
3.4.1.2. High growth potential in developing economies
3.4.1.3. Increase in flow of remittances from foreign countries
3.4.2. Restraints
3.4.2.1. Lack of awareness about bitcoin mining hardware among people
3.4.2.2. Implementation of various government regulations against bitcoin
3.4.3. Opportunities
3.4.3.1. Untapped potential in emerging economies
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: BITCOIN MINING HARDWARE MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Application-Specific Integrated Circuit
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Field Programmable Gate Array
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Graphics Process Unit
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Central Processing Unit
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country

CHAPTER 5: BITCOIN MINING HARDWARE MARKET, BY SECURITY
5.1. Overview
5.1.1. Market size and forecast
5.2. Two-Factor Authentication
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Biometric Security
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. NFC Connectivity
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country

CHAPTER 6: BITCOIN MINING HARDWARE MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Enterprise
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Personal
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country

CHAPTER 7: BITCOIN MINING HARDWARE MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Type
7.2.3. Market size and forecast, by Security
7.2.4. Market size and forecast, by Application
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Type
7.2.5.1.3. Market size and forecast, by Security
7.2.5.1.4. Market size and forecast, by Application
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Type
7.2.5.2.3. Market size and forecast, by Security
7.2.5.2.4. Market size and forecast, by Application
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Type
7.3.3. Market size and forecast, by Security
7.3.4. Market size and forecast, by Application
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Type
7.3.5.1.3. Market size and forecast, by Security
7.3.5.1.4. Market size and forecast, by Application
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Type
7.3.5.2.3. Market size and forecast, by Security
7.3.5.2.4. Market size and forecast, by Application
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Type
7.3.5.3.3. Market size and forecast, by Security
7.3.5.3.4. Market size and forecast, by Application
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Type
7.3.5.4.3. Market size and forecast, by Security
7.3.5.4.4. Market size and forecast, by Application
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Type
7.3.5.5.3. Market size and forecast, by Security
7.3.5.5.4. Market size and forecast, by Application
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Type
7.3.5.6.3. Market size and forecast, by Security
7.3.5.6.4. Market size and forecast, by Application
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Type
7.4.3. Market size and forecast, by Security
7.4.4. Market size and forecast, by Application
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Type
7.4.5.1.3. Market size and forecast, by Security
7.4.5.1.4. Market size and forecast, by Application
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Type
7.4.5.2.3. Market size and forecast, by Security
7.4.5.2.4. Market size and forecast, by Application
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Type
7.4.5.3.3. Market size and forecast, by Security
7.4.5.3.4. Market size and forecast, by Application
7.4.5.4. Australia
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Type
7.4.5.4.3. Market size and forecast, by Security
7.4.5.4.4. Market size and forecast, by Application
7.4.5.5. South Korea
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Type
7.4.5.5.3. Market size and forecast, by Security
7.4.5.5.4. Market size and forecast, by Application
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Type
7.4.5.6.3. Market size and forecast, by Security
7.4.5.6.4. Market size and forecast, by Application
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Type
7.5.3. Market size and forecast, by Security
7.5.4. Market size and forecast, by Application
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Type
7.5.5.1.3. Market size and forecast, by Security
7.5.5.1.4. Market size and forecast, by Application
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Type
7.5.5.2.3. Market size and forecast, by Security
7.5.5.2.4. Market size and forecast, by Application
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Type
7.5.5.3.3. Market size and forecast, by Security
7.5.5.3.4. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1. BetterHash
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.2. BIOSTAR Group
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Key strategic moves and developments
9.3. Bitcoin Merch
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. BITMAIN Technologies Holding Company
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Key strategic moves and developments
9.5. CoinDesk
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. CoinWarz
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Compass Mining, Inc.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Key strategic moves and developments
9.8. niceHash
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. StormGain
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Zipmex
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio

List of Tables
Table 01. Global Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 02. Bitcoin Mining Hardware Market for Application-Specific Integrated Circuit, by Region, 2021-2031 (Revenue, $Million)
Table 03. Bitcoin Mining Hardware Market for Field Programmable Gate Array, by Region, 2021-2031 (Revenue, $Million)
Table 04. Bitcoin Mining Hardware Market for Graphics Process Unit, by Region, 2021-2031 (Revenue, $Million)
Table 05. Bitcoin Mining Hardware Market for Central Processing Unit, by Region, 2021-2031 (Revenue, $Million)
Table 06. Global Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 07. Bitcoin Mining Hardware Market for Two-Factor Authentication, by Region, 2021-2031 (Revenue, $Million)
Table 08. Bitcoin Mining Hardware Market for Biometric Security, by Region, 2021-2031 (Revenue, $Million)
Table 09. Bitcoin Mining Hardware Market for Nfc Connectivity, by Region, 2021-2031 (Revenue, $Million)
Table 10. Bitcoin Mining Hardware Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 11. Global Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 12. Bitcoin Mining Hardware Market for Enterprise, by Region, 2021-2031 (Revenue, $Million)
Table 13. Bitcoin Mining Hardware Market for Personal, by Region, 2021-2031 (Revenue, $Million)
Table 14. Bitcoin Mining Hardware Market, by Region, 2021-2031 (Revenue, $Million)
Table 15. North America Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 16. North America Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 17. North America Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 18. North America Bitcoin Mining Hardware Market, by Country, 2021-2031 (Revenue, $Million)
Table 19. U.S. Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 20. U.S. Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 21. U.S. Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 22. Canada Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 23. Canada Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 24. Canada Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 25. Europe Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 26. Europe Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 27. Europe Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 28. Europe Bitcoin Mining Hardware Market, by Country, 2021-2031 (Revenue, $Million)
Table 29. UK Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 30. UK Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 31. UK Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 32. Germany Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 33. Germany Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 34. Germany Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 35. France Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 36. France Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 37. France Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 38. Italy Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 39. Italy Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 40. Italy Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 41. Spain Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 42. Spain Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 43. Spain Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. Rest of Europe Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 45. Rest of Europe Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 46. Rest of Europe Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 47. Asia-Pacific Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 50. Asia-Pacific Bitcoin Mining Hardware Market, by Country, 2021-2031 (Revenue, $Million)
Table 51. China Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 52. China Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 53. China Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 54. Japan Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 55. Japan Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 56. Japan Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 57. India Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 58. India Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 59. India Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 60. Australia Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 61. Australia Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 62. Australia Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 63. South Korea Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 64. South Korea Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 65. South Korea Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 66. Rest of Asia-Pacific Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 67. Rest of Asia-Pacific Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 68. Rest of Asia-Pacific Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 69. LAMEA Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 70. LAMEA Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 71. LAMEA Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Bitcoin Mining Hardware Market, by Country, 2021-2031 (Revenue, $Million)
Table 73. Latin America Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 74. Latin America Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 75. Latin America Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 76. Middle East Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 77. Middle East Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 78. Middle East Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 79. Africa Bitcoin Mining Hardware Market, by Type, 2021-2031 (Revenue, $Million)
Table 80. Africa Bitcoin Mining Hardware Market, by Security, 2021-2031 (Revenue, $Million)
Table 81. Africa Bitcoin Mining Hardware Market, by Application, 2021-2031 (Revenue, $Million)
Table 82. Betterhash: Key Executives
Table 83. Betterhash: Company Snapshot
Table 84. Betterhash: Service Segments
Table 85. Betterhash: Product Portfolio
Table 86. Biostar Group: Key Executives
Table 87. Biostar Group: Company Snapshot
Table 88. Biostar Group: Service Segments
Table 89. Biostar Group: Product Portfolio
Table 90. Biostar Group: Key Strategies
Table 91. Bitcoin Merch: Key Executives
Table 92. Bitcoin Merch: Company Snapshot
Table 93. Bitcoin Merch: Service Segments
Table 94. Bitcoin Merch: Product Portfolio
Table 95. Bitmain Technologies Holding Company: Key Executives
Table 96. Bitmain Technologies Holding Company: Company Snapshot
Table 97. Bitmain Technologies Holding Company: Service Segments
Table 98. Bitmain Technologies Holding Company: Product Portfolio
Table 99. Bitmain Technologies Holding Company: Key Strategies
Table 100. Coindesk: Key Executives
Table 101. Coindesk: Company Snapshot
Table 102. Coindesk: Service Segments
Table 103. Coindesk: Product Portfolio
Table 104. Coinwarz: Key Executives
Table 105. Coinwarz: Company Snapshot
Table 106. Coinwarz: Service Segments
Table 107. Coinwarz: Product Portfolio
Table 108. Compass Mining, Inc.: Key Executives
Table 109. Compass Mining, Inc.: Company Snapshot
Table 110. Compass Mining, Inc.: Service Segments
Table 111. Compass Mining, Inc.: Product Portfolio
Table 112. Compass Mining, Inc.: Key Strategies
Table 113. Nicehash: Key Executives
Table 114. Nicehash: Company Snapshot
Table 115. Nicehash: Service Segments
Table 116. Nicehash: Product Portfolio
Table 117. Stormgain: Key Executives
Table 118. Stormgain: Company Snapshot
Table 119. Stormgain: Service Segments
Table 120. Stormgain: Product Portfolio
Table 121. Zipmex: Key Executives
Table 122. Zipmex: Company Snapshot
Table 123. Zipmex: Service Segments
Table 124. Zipmex: Product Portfolio

List of Figures
Figure 01. Bitcoin Mining Hardware Market, 2021-2031
Figure 02. Segmentation of Bitcoin Mining Hardware Market, 2021-2031
Figure 03. Top Investment Pockets in Bitcoin Mining Hardware Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalbitcoin Mining Hardware Market
Figure 10. Bitcoin Mining Hardware Market, by Type, 2021(%)
Figure 11. Comparative Share Analysis of Bitcoin Mining Hardware Market for Application-Specific Integrated Circuit, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Bitcoin Mining Hardware Market for Field Programmable Gate Array, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Bitcoin Mining Hardware Market for Graphics Process Unit, by Country 2021-2031(%)
Figure 14. Comparative Share Analysis of Bitcoin Mining Hardware Market for Central Processing Unit, by Country 2021-2031(%)
Figure 15. Bitcoin Mining Hardware Market, by Security, 2021(%)
Figure 16. Comparative Share Analysis of Bitcoin Mining Hardware Market for Two-Factor Authentication, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Bitcoin Mining Hardware Market for Biometric Security, by Country 2021-2031(%)
Figure 18. Comparative Share Analysis of Bitcoin Mining Hardware Market for Nfc Connectivity, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Bitcoin Mining Hardware Market for Others, by Country 2021-2031(%)
Figure 20. Bitcoin Mining Hardware Market, by Application, 2021(%)
Figure 21. Comparative Share Analysis of Bitcoin Mining Hardware Market for Enterprise, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Bitcoin Mining Hardware Market for Personal, by Country 2021-2031(%)
Figure 23. Bitcoin Mining Hardware Market by Region, 2021
Figure 24. U.S. Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 25. Canada Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 26. UK Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 27. Germany Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 28. France Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 29. Italy Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 30. Spain Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 31. Rest of Europe Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 32. China Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 33. Japan Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 34. India Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 35. Australia Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 36. South Korea Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 37. Rest of Asia-Pacific Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 38. Latin America Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 39. Middle East Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 40. Africa Bitcoin Mining Hardware Market, 2021-2031 ($Million)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap: Bitcoin Mining Hardware Market
Figure 47. Top Player Positioning, 2021

Executive Summary

According to the report titled, 'Bitcoin Mining Hardware Market,' the bitcoin mining hardware market was valued at $528.91 million in 2021, and is estimated to reach $1.7 billion by 2031, growing at a CAGR of 12.6% from 2022 to 2031.

Bitcoin is one of the most popular types of cryptocurrencies, which are digital mediums of exchange that exist solely online. Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. It is a mechanism by which bitcoin and several other cryptocurrencies generate new coins and validate new transactions. It entails the use of huge, decentralized networks of computers all over the world to verify and safeguard blockchain, which are virtual ledgers that record bitcoin transactions.

The bitcoin mining hardware market is expected to witness promising growth in the coming years, owing to improved data transparency and independency across payments in banks, financial services, insurance, and various other business sectors. The use of bitcoin across banking industries provides various benefits such as sending and receiving payment transparently and storing customers detail information securely for next purpose. Moreover, bitcoins are getting a significant surge among developing countries. The countries such as China, U.S., and Brazil have witnessed significant growth in the bitcoin owing population. In addition, developing economies offer significant opportunities for bitcoin hardware to expand their business by offering easier access to capital and financial services. Moreover, Another trend is the increased adoption of cloud mining, which allows individuals and organizations to rent mining hardware and pay for mining power on a per-hashrate basis. This allows individuals who may not have the resources to purchase and operate their own mining rigs to participate in the mining process. Therefore, these are some of the factors that propel the growth of bitcoin mining hardware market. However, lack of awareness about bitcoin mining among various emerging countries restricts growth of the market across the globe.

On the contrary, developing economies offer significant opportunities for bitcoin mining hardware to expand their business by offering easier access to capital and financial services. Developing economies offer significant opportunities for bitcoin mining hardware to expand their business by offering easier access to capital and financial services. Bitcoin, the most famous of these cryptocurrencies, has already permitted many people and companies to develop and flourish, as their source of income. The economy is slowly shifting to adapt to these needs and cryptocurrencies have a great potential in satisfying them. Evolving demographics, rise in consumerism and openness toward new hardware services and others services such as IoT, Blockchain, and others provide lucrative opportunities for bitcoin mining across developing nations. According to Oxford Business Group, Nigeria is the leading country for Bitcoin and cryptocurrency adoption due to use it as a means of sending remittances. Furthermore, rise in smartphone penetration in Latin America and Africa enables mobile payment service providers to offer sophisticated services on mobile phones. Therefore, this is considered as an important opportunity for the growth of the bitcoin mining hardware market.

The bitcoin mining hardware market is segmented on the basis of type, security, application, and region. By type, it is segmented into application-specific integrated circuit, field programmable gate array, graphics process unit, and central processing unit. By security, it is bifurcated into, two-factor authentication, biometric security, NFC connectivity, and others. On the basis of application, the bitcoin mining hardware market is segmented into enterprise and personal. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the study are BetterHash, BIOSTAR Group, Bitcoin Merch, BITMAIN Technologies Holding Company, Coindesk, CoinWarz, Compass Mining, Inc., Nicehash, StormGain, Zipmex. These players have adopted various Strategies to increase their market penetration and strengthen their position in the Bitcoin mining hardware market. For instance, In October 2022, Grayscale the world’s largest cryptocurrency asset manager has announced a new investment product providing exposure to Bitcoin mining hardware. The fund will raise money for buying Bitcoin ASIC machines, which will be operated by Foundry Digital to mine and sell Bitcoin on behalf of investors. Therefore, these factors boost the growth of the bitcoin mining hardware market.

Key Market Insights

By type, the Application-Specific Integrated Circuit segment was the highest revenue contributor to the market, and is estimated to reach $831.26 million by 2031, with a CAGR of 14.8%.

By security, the Two-Factor Authentication segment dominated the global market, and is estimated to reach $715.47 million by 2031, with a CAGR of 10.7%. However, the NFC Connectivity segment is expected to be the fastest growing segment during the Bitcoin mining hardware market forecast.

Based on application, the personal segment was the highest revenue contributor to the market, with $397.13 million in 2021, and is estimated to reach $1,140.06 million by 2031, with a CAGR of 11.5%.

Based on region, North America was the highest revenue contributor, accounting for $107.26 million in 2021, and is estimated to reach $441.00 million by 2031, with a CAGR of 15.5%.

Companies Mentioned

• BetterHash
• Bitcoin Merch
• BITMAIN Technologies Holding Company
• CoinDesk
• Compass Mining, Inc.
• niceHash
• Zipmex
• CoinWarz
• StormGain
• BIOSTAR Group

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.