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 ASIC Bitcoin Mining Hardware market is projected to reach US$ 24030 million by 2030 from an estimated US$ 14100 million in 2024, at a CAGR of 9.3% during 2024 and 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, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding ASIC Bitcoin Mining Hardware.
The ASIC Bitcoin Mining Hardware market size, estimations, and forecasts are provided in terms of sales volume (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, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and 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
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and 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: Sales (consumption), revenue of ASIC Bitcoin Mining Hardware in global and regional 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 of each country in the world.
Chapter 3: Detailed analysis of ASIC Bitcoin Mining Hardware manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, ASIC Bitcoin Mining Hardware sales, revenue, price, gross margin, sales by region, by Type, by Application, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, 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 sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: APAC by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 11: Middle East and Africa by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: 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 14: Research Findings and Conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Study Coverage
1.1 ASIC Bitcoin Mining Hardware Product Introduction
1.2 Market by Type
1.2.1 Global ASIC Bitcoin Mining Hardware Market Size Growth Rate by Type (2019 VS 2023 VS 2030)
1.2.2 BTC
1.2.3 LTC
1.2.4 ETH
1.2.5 Other
1.3 Market by Application
1.3.1 Global ASIC Bitcoin Mining Hardware Market Size Growth Rate by Application (2019 VS 2023 VS 2030)
1.3.2 Mining Farm
1.3.3 Mining Pool Service Providers
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global ASIC Bitcoin Mining Hardware Market Size Estimates and Forecasts
2.1.1 Global ASIC Bitcoin Mining Hardware Revenue 2019-2030
2.1.2 Global ASIC Bitcoin Mining Hardware Sales 2019-2030
2.2 ASIC Bitcoin Mining Hardware Market Size by Region: 2023 Versus 2030
2.3 ASIC Bitcoin Mining Hardware Sales by Region (2019-2030)
2.3.1 Global ASIC Bitcoin Mining Hardware Sales by Region: 2019-2024
2.3.2 Global ASIC Bitcoin Mining Hardware Sales Forecast by Region (2025-2030)
2.3.3 Global ASIC Bitcoin Mining Hardware Sales Market Share by Region (2019-2030)
2.4 ASIC Bitcoin Mining Hardware Market Estimates and Projections by Region (2025-2030)
2.4.1 Global ASIC Bitcoin Mining Hardware Revenue by Region: 2019-2024
2.4.2 Global ASIC Bitcoin Mining Hardware Revenue Forecast by Region (2025-2030)
2.4.3 Global ASIC Bitcoin Mining Hardware Revenue Market Share by Region (2019-2030)
3 Global ASIC Bitcoin Mining Hardware by Manufacturers
3.1 Global Top ASIC Bitcoin Mining Hardware Manufacturers by Sales
3.1.1 Global ASIC Bitcoin Mining Hardware Sales by Manufacturer (2019-2024)
3.1.2 Global ASIC Bitcoin Mining Hardware Sales Market Share by Manufacturer (2019-2024)
3.2 Global Top ASIC Bitcoin Mining Hardware Manufacturers by Revenue
3.2.1 Global ASIC Bitcoin Mining Hardware Revenue by Manufacturer (2019-2024)
3.2.2 Global ASIC Bitcoin Mining Hardware Revenue Share by Manufacturer (2019-2024)
3.3 Global ASIC Bitcoin Mining Hardware Price by Manufacturer (2019-2024)
3.4 Competitive Landscape
3.4.1 Key ASIC Bitcoin Mining Hardware Manufacturers Covered: Ranking by Revenue
3.4.2 Global ASIC Bitcoin Mining Hardware Market Concentration Ratio (CR5 and HHI) & (2019-2024)
3.4.3 Global ASIC Bitcoin Mining Hardware Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.5 Global ASIC Bitcoin Mining Hardware Manufacturing Base Distribution, Product Type
3.5.1 ASIC Bitcoin Mining Hardware Manufacturers Manufacturing Base Distribution, Headquarters
3.5.2 Manufacturers ASIC Bitcoin Mining Hardware Product Type
3.5.3 Date of International Manufacturers Enter into ASIC Bitcoin Mining Hardware Market
3.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 BitMain
4.1.1 BitMain Company Information
4.1.2 BitMain Description, Business Overview
4.1.3 BitMain ASIC Bitcoin Mining Hardware Products Offered
4.1.4 BitMain ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
4.1.5 BitMain ASIC Bitcoin Mining Hardware Sales by Product in 2023
4.1.6 BitMain ASIC Bitcoin Mining Hardware Sales by Application in 2023
4.1.7 BitMain ASIC Bitcoin Mining Hardware Sales by Geographic Area in 2023
4.1.8 BitMain Recent Developments
4.2 Canaan
4.2.1 Canaan Company Information
4.2.2 Canaan Description, Business Overview
4.2.3 Canaan ASIC Bitcoin Mining Hardware Products Offered
4.2.4 Canaan ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
4.2.5 Canaan ASIC Bitcoin Mining Hardware Sales by Product in 2023
4.2.6 Canaan ASIC Bitcoin Mining Hardware Sales by Application in 2023
4.2.7 Canaan ASIC Bitcoin Mining Hardware Sales by Geographic Area in 2023
4.2.8 Canaan Recent Developments
4.3 MicroBT
4.3.1 MicroBT Company Information
4.3.2 MicroBT Description, Business Overview
4.3.3 MicroBT ASIC Bitcoin Mining Hardware Products Offered
4.3.4 MicroBT ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
4.3.5 MicroBT ASIC Bitcoin Mining Hardware Sales by Product in 2023
4.3.6 MicroBT ASIC Bitcoin Mining Hardware Sales by Application in 2023
4.3.7 MicroBT ASIC Bitcoin Mining Hardware Sales by Geographic Area in 2023
4.3.8 MicroBT Recent Developments
4.4 Ebang
4.4.1 Ebang Company Information
4.4.2 Ebang Description, Business Overview
4.4.3 Ebang ASIC Bitcoin Mining Hardware Products Offered
4.4.4 Ebang ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
4.4.5 Ebang ASIC Bitcoin Mining Hardware Sales by Product in 2023
4.4.6 Ebang ASIC Bitcoin Mining Hardware Sales by Application in 2023
4.4.7 Ebang ASIC Bitcoin Mining Hardware Sales by Geographic Area in 2023
4.4.8 Ebang Recent Developments
4.5 AGMH
4.5.1 AGMH Company Information
4.5.2 AGMH Description, Business Overview
4.5.3 AGMH ASIC Bitcoin Mining Hardware Products Offered
4.5.4 AGMH ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
4.5.5 AGMH ASIC Bitcoin Mining Hardware Sales by Product in 2023
4.5.6 AGMH ASIC Bitcoin Mining Hardware Sales by Application in 2023
4.5.7 AGMH ASIC Bitcoin Mining Hardware Sales by Geographic Area in 2023
4.5.8 AGMH Recent Developments
4.6 Bee Computing
4.6.1 Bee Computing Company Information
4.6.2 Bee Computing Description, Business Overview
4.6.3 Bee Computing ASIC Bitcoin Mining Hardware Products Offered
4.6.4 Bee Computing ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
4.6.5 Bee Computing ASIC Bitcoin Mining Hardware Sales by Product in 2023
4.6.6 Bee Computing ASIC Bitcoin Mining Hardware Sales by Application in 2023
4.6.7 Bee Computing ASIC Bitcoin Mining Hardware Sales by Geographic Area in 2023
4.6.8 Bee Computing Recent Development
4.7 Innosilicon
4.7.1 Innosilicon Company Information
4.7.2 Innosilicon Description, Business Overview
4.7.3 Innosilicon ASIC Bitcoin Mining Hardware Products Offered
4.7.4 Innosilicon ASIC Bitcoin Mining Hardware Sales, Revenue and Gross Margin (2019-2024)
4.7.5 Innosilicon ASIC Bitcoin Mining Hardware Sales by Product in 2023
4.7.6 Innosilicon ASIC Bitcoin Mining Hardware Sales by Application in 2023
4.7.7 Innosilicon ASIC Bitcoin Mining Hardware Sales by Geographic Area in 2023
4.7.8 Innosilicon Recent Development
5 Breakdown Data by Type
5.1 Global ASIC Bitcoin Mining Hardware Sales by Type (2019-2030)
5.1.1 Global ASIC Bitcoin Mining Hardware Sales by Type (2019-2024)
5.1.2 Global ASIC Bitcoin Mining Hardware Sales Forecast by Type (2025-2030)
5.1.3 Global ASIC Bitcoin Mining Hardware Sales Market Share by Type (2019-2030)
5.2 Global ASIC Bitcoin Mining Hardware Revenue Forecast by Type (2019-2030)
5.2.1 Global ASIC Bitcoin Mining Hardware Revenue by Type (2019-2024)
5.2.2 Global ASIC Bitcoin Mining Hardware Revenue Forecast by Type (2025-2030)
5.2.3 Global ASIC Bitcoin Mining Hardware Revenue Market Share by Type (2019-2030)
5.3 ASIC Bitcoin Mining Hardware Average Selling Price (ASP) by Type (2019-2030)
6 Breakdown Data by Application
6.1 Global ASIC Bitcoin Mining Hardware Sales by Application (2019-2030)
6.1.1 Global ASIC Bitcoin Mining Hardware Sales by Application (2019-2024)
6.1.2 Global ASIC Bitcoin Mining Hardware Sales Forecast by Application (2025-2030)
6.1.3 Global ASIC Bitcoin Mining Hardware Sales Market Share by Application (2019-2030)
6.2 Global ASIC Bitcoin Mining Hardware Revenue Forecast by Application (2019-2030)
6.2.1 Global ASIC Bitcoin Mining Hardware Revenue by Application (2019-2024)
6.2.2 Global ASIC Bitcoin Mining Hardware Revenue Forecast by Application (2025-2030)
6.2.3 Global ASIC Bitcoin Mining Hardware Revenue Market Share by Application (2019-2030)
6.3 ASIC Bitcoin Mining Hardware Average Selling Price (ASP) by Application (2019-2030)
7 North America
7.1 North America ASIC Bitcoin Mining Hardware Market Size YoY Growth 2019-2030
7.2 North America ASIC Bitcoin Mining Hardware Market Facts & Figures by Country
7.2.1 North America ASIC Bitcoin Mining Hardware Sales by Country (2019-2030)
7.2.2 North America ASIC Bitcoin Mining Hardware Revenue by Country (2019-2030)
7.3 North America ASIC Bitcoin Mining Hardware Sales by Type (2019-2024)
7.4 North America ASIC Bitcoin Mining Hardware Sales by Application (2019-2024)
8 Asia-Pacific
8.1 Asia-Pacific ASIC Bitcoin Mining Hardware Market Size YoY Growth 2019-2030
8.2 Asia-Pacific ASIC Bitcoin Mining Hardware Market Facts & Figures by Region
8.2.1 Asia-Pacific ASIC Bitcoin Mining Hardware Sales by Region (2019-2030)
8.2.2 Asia-Pacific ASIC Bitcoin Mining Hardware Revenue by Region (2019-2030)
8.3 Asia-Pacific ASIC Bitcoin Mining Hardware Sales by Type (2019-2024)
8.4 Asia-Pacific ASIC Bitcoin Mining Hardware Sales by Application (2019-2024)
9 Europe
9.1 Europe ASIC Bitcoin Mining Hardware Market Size YoY Growth 2019-2030
9.2 Europe ASIC Bitcoin Mining Hardware Market Facts & Figures by Country
9.2.1 Europe ASIC Bitcoin Mining Hardware Sales by Country (2019-2030)
9.2.2 Europe ASIC Bitcoin Mining Hardware Revenue by Country (2019-2030)
9.3 Europe ASIC Bitcoin Mining Hardware Sales by Type (2019-2024)
9.4 Europe ASIC Bitcoin Mining Hardware Sales by Application (2019-2024)
10 Latin America
10.1 Latin America ASIC Bitcoin Mining Hardware Market Size YoY Growth 2019-2030
10.2 Latin America ASIC Bitcoin Mining Hardware Market Facts & Figures by Country
10.2.1 Latin America ASIC Bitcoin Mining Hardware Sales by Country (2019-2030)
10.2.2 Latin America ASIC Bitcoin Mining Hardware Revenue by Country (2019-2030)
10.3 Latin America ASIC Bitcoin Mining Hardware Sales by Type (2019-2024)
10.4 Latin America ASIC Bitcoin Mining Hardware Sales by Application (2019-2024)
11 Middle East and Africa
11.1 Middle East and Africa ASIC Bitcoin Mining Hardware Market Size YoY Growth 2019-2030
11.2 Middle East and Africa ASIC Bitcoin Mining Hardware Market Facts & Figures by Country
11.2.1 Middle East and Africa ASIC Bitcoin Mining Hardware Sales by Country (2019-2030)
11.2.2 Middle East and Africa ASIC Bitcoin Mining Hardware Revenue by Country (2019-2030)
11.3 Middle East and Africa ASIC Bitcoin Mining Hardware Sales by Type (2019-2024)
11.4 Middle East and Africa ASIC Bitcoin Mining Hardware Sales by Application (2019-2024)
12 Supply Chain and Sales Channel Analysis
12.1 ASIC Bitcoin Mining Hardware Supply Chain Analysis
12.2 ASIC Bitcoin Mining Hardware Key Raw Materials and Upstream Suppliers
12.3 ASIC Bitcoin Mining Hardware Clients Analysis
12.4 ASIC Bitcoin Mining Hardware Sales Channel and Sales Model Analysis
12.4.1 ASIC Bitcoin Mining Hardware Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 ASIC Bitcoin Mining Hardware Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 ASIC Bitcoin Mining Hardware Distributors
13 Market Dynamics
13.1 ASIC Bitcoin Mining Hardware Industry Trends
13.2 ASIC Bitcoin Mining Hardware Market Drivers
13.3 ASIC Bitcoin Mining Hardware Market Challenges
13.4 ASIC Bitcoin Mining Hardware Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer
BitMain
Canaan
MicroBT
Ebang
AGMH
Bee Computing
Innosilicon
听
听
*If Applicable.
