The Business Research Company’s Cryptocurrency Mining Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Cryptocurrency Mining Equipment Global Market Report 2023 evaluates cryptocurrency mining equipment market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global cryptocurrency mining equipment market size is expected to grow from $4.44 billion in 2022 to $4.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cryptocurrency mining equipment market size is expected to grow to $5.72 billion in 2027 at a CAGR of 5.1%.
The growing market capitalization of cryptocurrencies is expected to propel the growth of the cryptocurrency mining equipment market growing forward. Market capitalization, in the cryptocurrency market, is a technique to evaluate the size and popularity of cryptocurrencies and informs the current market worth of cryptocurrencies. Market capitalization helps cryptocurrency mining equipment by allowing investors to understand the true value of companies and the size of one company in relation to another. For instance, in October 2021, according to a report published by the International Monetary Fund (IMF), a US-based financial agency of the United Nations, the entire market value of all crypto assets including market capitalization had surpassed $2 trillion, a 10-fold rise from 2020. Therefore, the growth in the market capitalization of cryptocurrencies is driving the cryptocurrency mining equipment market.
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The cryptocurrency mining equipment market segments in the report are:
1) By Equipment: Graphics Processing Units (GPUs), Field Programmable Gate Arrays (FPGAs), Application-Specific Integrated Circuits (ASICs), PC Or CPU Mining
2) By Coin: Bitcoin, Ripple, Ethereum
3) By Application: Remote Hosting Services, Cloud Mining, Self Mining
The table of contents in TBRC’s cryptocurrency mining equipment market report includes:
1. Executive Summary
2. Cryptocurrency Mining Equipment Market Characteristics
3. Cryptocurrency Mining Equipment Market Trends And Strategies
4. Cryptocurrency Mining Equipment Market – Macro Economic Scenario
5. Cryptocurrency Mining Equipment Market Size And Growth
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26. Africa Cryptocurrency Mining Equipment Market
27. Cryptocurrency Mining Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cryptocurrency Mining Equipment Market
29. Cryptocurrency Mining Equipment Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Advanced Micro Devices Inc
- Russian Miner Coin
- Halong Mining
- Zhejiang Ebang Communication Co. Ltd
- NVIDIA Graphics Pvt. Ltd
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