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U.S. - Network Communications Equipment - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 6, 2025

U.S. - Network Communications Equipment - Market Analysis, Forecast, Size, Trends And Insights

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Feb 6, 2025

Bitcoin Miners Face Struggles Amid High Network Difficulty

Bitcoin miners have been grappling with declining production in January, primarily due to near-record-high network difficulty. An article on Yahoo Finance highlights that mining difficulty surged to a peak of 110 trillion (T), a 27.8% increase since the halving in April 2024, before experiencing a slight decline to 108T by the end of the month. Despite this, the hash rate of the Bitcoin network remained robust, averaging 832 EH/s.

Riot Platforms emerged as one of the few companies that managed to boost its output, producing 527 BTC in January and increasing its total Bitcoin holdings by 3% to 18,221 BTC. The company's deployed hash rate hit 33.5 EH/s, and its Texas facility expanded to 15.7 EH/s, bolstered by a $3.6 million power credit revenue, marking a 250% growth from the previous month.

Meanwhile, Marathon Digital (MARA) reported a 13% drop in production, mining 750 BTC. It saw a 12% reduction in the number of blocks won and maintained a hash rate of 53.2 EH/s. The firm is transitioning to S21 Pro miners at its Nebraska facility to enhance efficiency.

Market Dynamics and Equipment Trade Shifts

The network communications equipment sector in the U.S. also saw significant shifts. According to IndexBox, the export value for 2024 was estimated at $4 billion, a substantial rise from $2.2 billion in 2023. In terms of imports, the value climbed to $10.4 billion in 2024, reflecting a significant increase from $4.9 billion in 2023. This indicates a growing appetite for network communications equipment, likely influencing strategies among Bitcoin miners and reflecting broader mining sector dynamics.

The U.S.'s top exports in 2024 went largely to Malaysia with $1.2 billion, followed closely by Taiwan (Chinese) and the Netherlands, while imports saw Taiwan (Chinese) leading at $6.3 billion, emphasized by substantial dealings with Mexico and Vietnam. These trade shifts could mirror the ongoing adjustments miners like Bitfarms and Hut 8 are making, as they upgrade equipment to counter rising difficulty levels.

Strategic Adjustments and Future Projections

In response to volatile market conditions, Riot Platforms revised its 2025 hash rate goal from 46.7 EH/s to 38.4 EH/s, with plans to explore AI and HPC applications. Concurrently, Bitfarms has strategically redirected investments to a hefty U.S. expansion, including AI and HPC projects. As miners continue to adjust strategies, the overall market capitalization of Bitcoin mining firms rose by 5%, led by notable gains from Cipher Mining and Riot Platforms.

The decrease in new hardware acquisitions since mid-2024, along with strategic adaptations by miners, suggests that the mining difficulty might stabilize moving forward, offering a cautiously optimistic outlook for the sector.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the network communications equipment market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26122000 - Network communications equipment (e.g. hubs, routers, g ateways) for LANs and WANs and sound, video, network and similar cards for automatic data processing machines

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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