03-14-2019 01:39 PM CET - Media & Telecommunications
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The global cryptocurrency mining equipment market is expected to expand at a significant CAGR of 17.5% over the forecast period 2018-2027 and top key players are NVIDIA Graphics Pvt. Ltd.,Advanced Micro Devices Inc.,Russian Miner Coin,Halong Mining,Zhejia

Press release from: Kenneth Research



Cryptocurrency mining refers to the principle of block chain technology which includes the assembling of transactions into blocks and then executes multiple computations, which further seal those blocks. The main advantage of crypto currency mining is that it verifies the transaction and in return provides transaction fees and new block.

Market Size and Forecast

The global cryptocurrency mining equipment market is expected to expand at a significant CAGR of 17.5% over the forecast period i.e. 2018-2027. Rising investment by large semiconductor companies in mining specific equipment’s is expected to drive the growth of global cryptocurrency mining equipment market over the forecast period.

On the basis of regional platform, global cryptocurrency mining equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Geographically, North America is estimated to dominate the overall market of cryptocurrency mining equipment during the forecast period. Increasing adoption of cryptocurrency in developed regions such as U.S. and Canada is expected to positively impact the growth of cryptocurrency mining equipment market over the forecast period. Further, growing prominence of cryptocurrency for daily transactions is positively impacting the customer perception for cryptocurrency. This factor is projected to significantly impact the growth of the cryptocurrency mining equipment market in North America.

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Asia Pacific cryptocurrency mining equipment market is poised to grow at a significant rate over the upcoming years. Rising usage of cryptocurrency services in the region is fostering the growth of cryptocurrency mining equipment market over the forecast period. Europe region is expected to observe outstanding growth in the upcoming years. Increasing advancement in technologies related to online transactions and money transfer is anticipated to drive the growth of cryptocurrency mining equipment market over the upcoming years.

Based on mining type, cryptocurrency mining equipment market is segmented into self-mining, cloud mining services, remote hosting services and others, out of which, cloud mining services segment is expected to dominate the overall cryptocurrency mining equipment market during the forecast period.

Market Segmentation

Our in-depth analysis has segmented global cryptocurrency mining equipment market into the following segments:

By Equipment Type

CPU Mining
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
Others
By Mining Type

Self-Mining
Cloud Mining Services
Remote Hosting Services
Others
By Region

Global cryptocurrency mining equipment market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Growth Drivers and Challenges

The adoption of cryptocurrency mining services such as cloud mining services and remote hosting services is increasing in the developed regions. This factor is estimated to showcase a significant growth in the global cryptocurrency mining equipment market over the forecast period. Apart from this, increasing technological advancement in GPUs and ASICs is providing the miners with higher probability. This factor is expected to increase the growth of global cryptocurrency mining equipment market over the forecast period.

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In addition, rising usage of cryptocurrency by retailers is increasing demand for cryptocurrency mining equipment. This factor is expected to increase the growth of the global cryptocurrency mining equipment market over the upcoming years. Further, increasing number of users for cloud mining is projected to positively impact the growth of global cryptocurrency mining equipment market over the forecast period.

Further, rising difficulty levels of alternative i.e. altcoin mining is projected to further strengthen the growth of global cryptocurrency mining equipment market over the forecast period. Moreover, increasing investment for mining specific equipment’s by leading semiconductor companies is expected to robust the growth of the global cryptocurrency mining equipment market over the forecast period.

However, volatility in value of cryptocurrency is one of the key factors which are expected to limit the growth of global cryptocurrency mining equipment market over the forecast period.

Key Players

Samsung Electronics
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
NVIDIA Graphics Pvt. Ltd.
Advanced Micro Devices Inc.
Russian Miner Coin
Halong Mining
Zhejiang Ebang Communication Co. Ltd.
Bitmain Technologies Ltd.
Canaan Creative Co. Ltd.
Taiwan Semiconductor Manufacturing Company (TSMC)
BitFury Group Limited
Other Key Players
Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global cryptocurrency mining equipment market is segmented as follows:

By Equipment Type Market Size & Y-O-Y Growth Analysis
By Mining Type Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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