South Africa Cryptocurrency Mining Hardware Market Size & Outlook
South Africa cryptocurrency mining hardware market, 2018-2030 (US$M)
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South Africa cryptocurrency mining hardware market highlights
- The South Africa cryptocurrency mining hardware market generated a revenue of USD 41.7 million in 2023 and is expected to reach USD 72.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, bitcoin was the largest revenue generating coin in 2023.
- Bitcoin is the most lucrative coin segment registering the fastest growth during the forecast period.
Cryptocurrency mining hardware market data book summary
| Market revenue in 2023 | USD 41.7 million |
| Market revenue in 2030 | USD 72.3 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Bitcoin |
| Fastest growing segment | Bitcoin |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bitcoin, Ethereum, Monero |
| Key market players worldwide | Bitmain, Bitfury Group, Innosilicon |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.0% of the global cryptocurrency mining hardware market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE cryptocurrency mining hardware market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 91.3 million by 2030.
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Cryptocurrency Mining Hardware Market Scope
Cryptocurrency Mining Hardware Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa cryptocurrency mining hardware market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryptocurrency mining hardware market will help companies and investors design strategic landscapes.
Bitcoin was the largest segment with a revenue share of 39.57% in 2023. Horizon Databook has segmented the South Africa cryptocurrency mining hardware market based on bitcoin, ethereum, monero covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Africa cryptocurrency mining hardware market databook
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Our clientele includes a mix of cryptocurrency mining hardware market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa cryptocurrency mining hardware market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cryptocurrency mining hardware market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cryptocurrency mining hardware market size, by coin, 2018-2030 (US$M)
South Africa Cryptocurrency Mining Hardware Market Outlook Share, 2023 & 2030 (US$M)
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