| Product Code: ETC6740835 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, China continues to dominate the cryptocurrency mining hardware import market with high Herfindahl-Hirschman Index (HHI) concentration. The top exporters to China include Taiwan, China, Vietnam, Malaysia, and Thailand. The industry shows significant growth potential, with a remarkable Compound Annual Growth Rate (CAGR) of 53.89% from 2020 to 2024. Moreover, the growth rate spiked to an impressive 97.22% from 2023 to 2024, indicating a surge in demand for cryptocurrency mining hardware in the Chinese market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Cryptocurrency Mining Hardware Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Cryptocurrency Mining Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 China Cryptocurrency Mining Hardware Market - Industry Life Cycle |
3.4 China Cryptocurrency Mining Hardware Market - Porter's Five Forces |
3.5 China Cryptocurrency Mining Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 China Cryptocurrency Mining Hardware Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 China Cryptocurrency Mining Hardware Market Revenues & Volume Share, By Coin, 2021 & 2031F |
4 China Cryptocurrency Mining Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of cryptocurrencies in China |
4.2.2 Favorable government policies and regulations supporting cryptocurrency mining |
4.2.3 Growing investments in blockchain technology in China |
4.3 Market Restraints |
4.3.1 Regulatory uncertainties and potential crackdown on cryptocurrency mining |
4.3.2 Volatility in cryptocurrency prices affecting mining profitability |
5 China Cryptocurrency Mining Hardware Market Trends |
6 China Cryptocurrency Mining Hardware Market, By Types |
6.1 China Cryptocurrency Mining Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Central Processing Unit, 2021- 2031F |
6.1.4 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Graphics Processing Unit, 2021- 2031F |
6.1.5 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Field Programmable Gate Array, 2021- 2031F |
6.1.6 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Application-Specific Integrated Circuit, 2021- 2031F |
6.2 China Cryptocurrency Mining Hardware Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Enterprise, 2021- 2031F |
6.2.3 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Personal, 2021- 2031F |
6.3 China Cryptocurrency Mining Hardware Market, By Coin |
6.3.1 Overview and Analysis |
6.3.2 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Bitcoin, 2021- 2031F |
6.3.3 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Ripple, 2021- 2031F |
6.3.4 China Cryptocurrency Mining Hardware Market Revenues & Volume, By Ethereum, 2021- 2031F |
7 China Cryptocurrency Mining Hardware Market Import-Export Trade Statistics |
7.1 China Cryptocurrency Mining Hardware Market Export to Major Countries |
7.2 China Cryptocurrency Mining Hardware Market Imports from Major Countries |
8 China Cryptocurrency Mining Hardware Market Key Performance Indicators |
8.1 Average hash rate of mining hardware in China |
8.2 Energy efficiency of mining hardware used in China |
8.3 Number of active cryptocurrency mining farms in China |
8.4 Adoption rate of new mining hardware technologies in China |
8.5 Electricity cost per kilowatt-hour for cryptocurrency mining in China |
9 China Cryptocurrency Mining Hardware Market - Opportunity Assessment |
9.1 China Cryptocurrency Mining Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 China Cryptocurrency Mining Hardware Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 China Cryptocurrency Mining Hardware Market Opportunity Assessment, By Coin, 2021 & 2031F |
10 China Cryptocurrency Mining Hardware Market - Competitive Landscape |
10.1 China Cryptocurrency Mining Hardware Market Revenue Share, By Companies, 2024 |
10.2 China Cryptocurrency Mining Hardware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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