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Market Overview
An axial flux motor (AFM) is a type of electric motor in which the magnetic field is perpendicular to the direction of the current in the windings. This is in contrast to a traditional electric motor, in which the magnetic field is parallel to the current in the windings.
Market Dynamics
The growing demand for high power density axial flux motors is enhancing the industry expansion and increasing funding & investment is poised to boost the market growth as key driving factors. However, technical challenges faced by manufacturing organizations are expected to hinder industry growth and increase in unsprung weight in wheel might hamper the market growth. The change in the regulations concerning eco-friendly vehicular usage around the globe would provide lucrative opportunities for the market in coming years.
Market Segmentation/Report Scope
The global Axial Flux Motor market is mainly classified based on Type, Vehicle Type, and Usage Type.
Type is further segmented into Air Cooling based Axial Motor and Liquid Cooling based Axial Motor.
By Vehicle Type the market is divided into Battery electric vehicle, Hybrid Electric Vehicle, and PHEV.
By Usage Type the market is further divided into Electric Buses, Electric Trucks, Electric Supercars, and Electric LCV.
Regional Analysis/ Regional Segementation
Based on geography, the global Axial Flux Motor market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
Competitive Players/ Competitive landscape/ Key Players/Market Leaders
Key players operating in the Axial Flux Motor industry include ABB Group, Agni Motors, Ashwoods Electric Motor, Avid Technologies, Emrax D.O, Lucchi R Srl, Lynch Motors, Magnax Motors, Nidec Corporation, Phi Power Technologies, QuanteonWorld, Regal Beloit Corporation, Rockwell Automation Inc., Saietta Group, Siemens AG, and Yasa Limited.
Axial Flux Motor Market Key Segments:
By Type
- Air Cooling based Axial Motor
- Liquid Cooling based Axial Motor
By Vehicle Type
- Battery electric vehicle
- Hybrid Electric Vehicle
- PHEV
By Usage Type
- Electric Buses
- Electric Trucks
- Electric Supercars
- Electric LCV
Key Global Axial Flux Motor Industry Players
- ABB Group
- Agni Motors
- Ashwoods Electric Motor
- Avid Technologies
- Emrax D.O
- Lucchi R Srl
- Lynch Motors
- Magnax Motors
- Nidec Corporation
- Phi Power Technologies
- QuanteonWorld
- Regal Beloit Corporation
- Rockwell Automation Inc.
- Saietta Group
- Siemens AG
- Yasa Limited
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