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 鈥渉ash rate鈥� or 鈥渉ash power鈥�. 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 market for ASIC Bitcoin Mining Hardware was estimated to be worth US$ 8609.7 million in 2023 and is forecast to a readjusted size of US$ 24030 million by 2030 with 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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for ASIC Bitcoin Mining Hardware, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of ASIC Bitcoin Mining Hardware by region & country, by Type, and by Application.
The ASIC Bitcoin Mining Hardware market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.
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
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
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides 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 2: Detailed analysis of ASIC Bitcoin Mining Hardware manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Sales, revenue of ASIC Bitcoin Mining Hardware in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of ASIC Bitcoin Mining Hardware in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 ASIC Bitcoin Mining Hardware Product Introduction
1.2 Global ASIC Bitcoin Mining Hardware Market Size Forecast
1.2.1 Global ASIC Bitcoin Mining Hardware Sales Value (2019-2030)
1.2.2 Global ASIC Bitcoin Mining Hardware Sales Volume (2019-2030)
1.2.3 Global ASIC Bitcoin Mining Hardware Sales Price (2019-2030)
1.3 ASIC Bitcoin Mining Hardware Market Trends & Drivers
1.3.1 ASIC Bitcoin Mining Hardware Industry Trends
1.3.2 ASIC Bitcoin Mining Hardware Market Drivers & Opportunity
1.3.3 ASIC Bitcoin Mining Hardware Market Challenges
1.3.4 ASIC Bitcoin Mining Hardware Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global ASIC Bitcoin Mining Hardware Players Revenue Ranking (2023)
2.2 Global ASIC Bitcoin Mining Hardware Revenue by Company (2019-2024)
2.3 Global ASIC Bitcoin Mining Hardware Players Sales Volume Ranking (2023)
2.4 Global ASIC Bitcoin Mining Hardware Sales Volume by Company Players (2019-2024)
2.5 Global ASIC Bitcoin Mining Hardware Average Price by Company (2019-2024)
2.6 Key Manufacturers ASIC Bitcoin Mining Hardware Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers ASIC Bitcoin Mining Hardware Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of ASIC Bitcoin Mining Hardware
2.9 ASIC Bitcoin Mining Hardware Market Competitive Analysis
2.9.1 ASIC Bitcoin Mining Hardware Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by ASIC Bitcoin Mining Hardware Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in ASIC Bitcoin Mining Hardware as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 BTC
3.1.2 LTC
3.1.3 ETH
3.1.4 Other
3.2 Global ASIC Bitcoin Mining Hardware Sales Value by Type
3.2.1 Global ASIC Bitcoin Mining Hardware Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global ASIC Bitcoin Mining Hardware Sales Value, by Type (2019-2030)
3.2.3 Global ASIC Bitcoin Mining Hardware Sales Value, by Type (%) (2019-2030)
3.3 Global ASIC Bitcoin Mining Hardware Sales Volume by Type
3.3.1 Global ASIC Bitcoin Mining Hardware Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global ASIC Bitcoin Mining Hardware Sales Volume, by Type (2019-2030)
3.3.3 Global ASIC Bitcoin Mining Hardware Sales Volume, by Type (%) (2019-2030)
3.4 Global ASIC Bitcoin Mining Hardware Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Mining Farm
4.1.2 Mining Pool Service Providers
4.2 Global ASIC Bitcoin Mining Hardware Sales Value by Application
4.2.1 Global ASIC Bitcoin Mining Hardware Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global ASIC Bitcoin Mining Hardware Sales Value, by Application (2019-2030)
4.2.3 Global ASIC Bitcoin Mining Hardware Sales Value, by Application (%) (2019-2030)
4.3 Global ASIC Bitcoin Mining Hardware Sales Volume by Application
4.3.1 Global ASIC Bitcoin Mining Hardware Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global ASIC Bitcoin Mining Hardware Sales Volume, by Application (2019-2030)
4.3.3 Global ASIC Bitcoin Mining Hardware Sales Volume, by Application (%) (2019-2030)
4.4 Global ASIC Bitcoin Mining Hardware Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global ASIC Bitcoin Mining Hardware Sales Value by Region
5.1.1 Global ASIC Bitcoin Mining Hardware Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global ASIC Bitcoin Mining Hardware Sales Value by Region (2019-2024)
5.1.3 Global ASIC Bitcoin Mining Hardware Sales Value by Region (2025-2030)
5.1.4 Global ASIC Bitcoin Mining Hardware Sales Value by Region (%), (2019-2030)
5.2 Global ASIC Bitcoin Mining Hardware Sales Volume by Region
5.2.1 Global ASIC Bitcoin Mining Hardware Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global ASIC Bitcoin Mining Hardware Sales Volume by Region (2019-2024)
5.2.3 Global ASIC Bitcoin Mining Hardware Sales Volume by Region (2025-2030)
5.2.4 Global ASIC Bitcoin Mining Hardware Sales Volume by Region (%), (2019-2030)
5.3 Global ASIC Bitcoin Mining Hardware Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
5.4.2 North America ASIC Bitcoin Mining Hardware Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
5.5.2 Europe ASIC Bitcoin Mining Hardware Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
5.6.2 Asia Pacific ASIC Bitcoin Mining Hardware Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
5.7.2 South America ASIC Bitcoin Mining Hardware Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
5.8.2 Middle East & Africa ASIC Bitcoin Mining Hardware Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions ASIC Bitcoin Mining Hardware Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions ASIC Bitcoin Mining Hardware Sales Value
6.2.1 Key Countries/Regions ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.2.2 Key Countries/Regions ASIC Bitcoin Mining Hardware Sales Volume, 2019-2030
6.3 United States
6.3.1 United States ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.3.2 United States ASIC Bitcoin Mining Hardware Sales Value by Type (%), 2023 VS 2030
6.3.3 United States ASIC Bitcoin Mining Hardware Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.4.2 Europe ASIC Bitcoin Mining Hardware Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe ASIC Bitcoin Mining Hardware Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.5.2 China ASIC Bitcoin Mining Hardware Sales Value by Type (%), 2023 VS 2030
6.5.3 China ASIC Bitcoin Mining Hardware Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.6.2 Japan ASIC Bitcoin Mining Hardware Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan ASIC Bitcoin Mining Hardware Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.7.2 South Korea ASIC Bitcoin Mining Hardware Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea ASIC Bitcoin Mining Hardware Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.8.2 Southeast Asia ASIC Bitcoin Mining Hardware Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia ASIC Bitcoin Mining Hardware Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India ASIC Bitcoin Mining Hardware Sales Value, 2019-2030
6.9.2 India ASIC Bitcoin Mining Hardware Sales Value by Type (%), 2023 VS 2030
6.9.3 India ASIC Bitcoin Mining Hardware Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 BitMain
7.1.1 BitMain Company Information
7.1.2 BitMain Introduction and Business Overview
7.1.3 BitMain ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
7.1.4 BitMain ASIC Bitcoin Mining Hardware Product Offerings
7.1.5 BitMain Recent Development
7.2 Canaan
7.2.1 Canaan Company Information
7.2.2 Canaan Introduction and Business Overview
7.2.3 Canaan ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Canaan ASIC Bitcoin Mining Hardware Product Offerings
7.2.5 Canaan Recent Development
7.3 MicroBT
7.3.1 MicroBT Company Information
7.3.2 MicroBT Introduction and Business Overview
7.3.3 MicroBT ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
7.3.4 MicroBT ASIC Bitcoin Mining Hardware Product Offerings
7.3.5 MicroBT Recent Development
7.4 Ebang
7.4.1 Ebang Company Information
7.4.2 Ebang Introduction and Business Overview
7.4.3 Ebang ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Ebang ASIC Bitcoin Mining Hardware Product Offerings
7.4.5 Ebang Recent Development
7.5 AGMH
7.5.1 AGMH Company Information
7.5.2 AGMH Introduction and Business Overview
7.5.3 AGMH ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
7.5.4 AGMH ASIC Bitcoin Mining Hardware Product Offerings
7.5.5 AGMH Recent Development
7.6 Bee Computing
7.6.1 Bee Computing Company Information
7.6.2 Bee Computing Introduction and Business Overview
7.6.3 Bee Computing ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
7.6.4 Bee Computing ASIC Bitcoin Mining Hardware Product Offerings
7.6.5 Bee Computing Recent Development
7.7 Innosilicon
7.7.1 Innosilicon Company Information
7.7.2 Innosilicon Introduction and Business Overview
7.7.3 Innosilicon ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Innosilicon ASIC Bitcoin Mining Hardware Product Offerings
7.7.5 Innosilicon Recent Development
8 Industry Chain Analysis
8.1 ASIC Bitcoin Mining Hardware Industrial Chain
8.2 ASIC Bitcoin Mining Hardware Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 ASIC Bitcoin Mining Hardware Sales Model
8.5.2 Sales Channel
8.5.3 ASIC Bitcoin Mining Hardware Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
BitMain
Canaan
MicroBT
Ebang
AGMH
Bee Computing
Innosilicon
听
听
*If Applicable.
