Report Description

Global axial flux motors market is expected to grow during the forecast period due to the ongoing technological advancements and a push towards electrification in recent years, which has increased the application of axial flux motors in several new sectors including electric bikes, delivery trucks, airport pods, electric automobiles, and even airplanes.

An axial-flux motor is defined as a machine where the magnetic flux direction is axial to the machine rotation axis, hence considered an alternative to radial-flux machines. The axial flux motor is good in limited space and high torque density applications. Both the high speed and the influence of torque density are integral to the axial flux motor power density.

Global Axial Flux Motors Market: Drivers & Trends

Increasing Demand for Axial Flux Motors in EVs:

Electric vehicles are seen as alternatives for standard combustion engine automobiles to deal with environmental challenges. Subsidies and tax relief provided by governments for the promotion of zero-emission vehicles and an increase in environmental awareness are some factors that have led to a growing demand for EVs in the market. Electric motors like axial flux motors are used for the propulsion of EVs. In the EV industry axial flux motors could be broadly used as inwheel/hub or mid-drive/inrunner type. The axial motor, when compared to the radial motor, offers better torque and efficiency in the same form factor. Axial flux motors can also provide high efficiency across a wider range of rpm than any other motor. Recently, Mercedes Benz has acquired one of the prominent axial flux technology companies to use the axial flux motor in their upcoming cars. Similarly, Renault also bought major stakes in Whylot, a french axial flux motor. Hence, with the advent of electric vehicles in recent years, the market of global axial flux motors is likely to expand in the coming years.

Growing Requirement of Axial Flux Motors in Wind Turbine Generators:

Permanent magnet motors have been used in wind turbines for decades. In wind turbines, there is a need of generator motor that can provide a substantial level of energy output at typical low Revolutions Per Minute (RPM). Achieving the high-power output at relatively low rpm is a challenging task because at very low rpm the amount of magnetic flux cutting the stator coil per second is less and the change in magnetic flux gives rise to the potential difference which in turn causes current flow across the load.

As a result, a considerable variation in magnetic flux is required to obtain higher output power. Because the existing radial motors are unable to mitigate this problem, the engineers have increased the size of the motor itself in order to obtain a larger delta in flux. However, this solution is not economically viable. The problem can best be solved by the axial flux motor in order to achieve the maximum flux change in a given form factor.

Therefore, the global axial flux motors are expected to increase in the forecast period.

Advantages of Axial Flux Motors Over Radial Flux Motors:

Due to their small size and great power density, axial flux permanent magnet synchronous motors are ideal for commercial equipment such as industrial robots, pumps, compressors, blowers, electrical vehicles, and drones. Additionally, axial flux motors have a higher power density than radial motors of comparable size, producing 30-40% more torque.

Due to their great efficiency, axial flux motors are a preferable option in applications requiring energy efficiency. With continuous advancements in axial flux technology, such as better cooling and superior performance, the market for axial flux motors is expected to rise at a rapid pace in the subsequent years.

Increasing Demand from Elevators/Lifts:

Elevators require a low rpm high torque motor. Many companies are using axial motors in the elevators.  The reason being that more torque could be taken out of an axial flux motor as compared to any other radial motor. A dual rotor single stator configuration axial flux motor could be used to get the maximum torque at low rpm.

Axial flux technology is going to change consumer technology towards more efficient and slim designs such as in fans and other applications. Considering the high volume of sales in consumer technology. Furthermore, looking at the current trend, axial flux motors are on their way to mass adoption. With the advancement and maturity in technology, the global axial flux motors market is expected to proliferate in upcoming years.

Global Axial Flux Motors Market: Challenges

Technical Challenges Faced by Axial Flux Motor Manufacturers May Hamper the Market Growth:

One of the major factors hampering the axial flux motor market growth is its highly technical production process. In the production process, maintenance of uniform air gap between two components faces difficulties owing to the high magnetic forces required between the rotor and the stator. Many axial flux motors manufacturers face this technical challenge, which in turn is anticipated to hinder the overall revenue of the market. Apart from that, the manufacturing process faces some thermal issues owing to the perfect placement of results. The windings are placed deep inside the stator between the two rotor discs for which the cooling issues are created when the motor works. However, the manufacturers of radial-axial flux motors have resolved this difficulty to a great extent. Still, they are highly focused on overcoming these issues completely in the coming years. The market is also facing design issues in manufacturing axial flux motors as its stator iron design is similar to that of radial flux motors stator design. Search manufacturing challenges are imposing restrictions in the growth of axial flux motors market in the coming years. However, the continuously ongoing advancement and modernization in the technology used will help the companies to generate significant axial flux motor market revenue.

Many emerging companies are interested in investing in the axial flux motor market significantly. One such company is evTOl.com, which is a UK-based company investing tremendously in the market, having advanced aerospace mobility as the key target for the future. This company is integrating with electric automobiles and aerospace companies to provide them with high-performance and low-weight products including advanced actual flux motors. According to this company, axial flux technology offers several advantages over radial motor technology. The large-scale production of axial flux motors for aerospace and automobile industries has increased the growth of the market. For instance, the demand for tons of thousands of motors has been registered per year from the aerospace sector. However, owing to this huge demand for motors from well-established developers, small developers may face some challenges in manufacturing such a large amount of product at an early stage. Moreover, the increasing competition of the sale production among various axial flux motor market companies is anticipated to generate significant revenue for the global axial flux market during the forecast period.

Global Axial Flux Motors Market: Opportunities

Increasing Funding & Investment:

A number of firms are investing in the technology. For instance, the UK government announced a USD91.3 million investment in the automotive industry in June 2020 to utilize cutting-edge EV technologies. TechPro announced a USD10 million investment in India in October 2019 for the R&D of electric vehicles and related infrastructure. Govecs AG, a German firm, signed a memorandum of intent with a British company in September 2018 for the delivery of 6000 e-scooters for the shared mobility market, with 3000 Schwalbe e-scooters supplied in 2019 and the remaining 3000 in 2020. The axial flux motor market benefits from the attributes outlined above. Mercedes-Benz, for instance, said in January 2020 that it will collaborate with China's Zhejiang Geely Holding Group to develop smart electric vehicles. The plant has the capacity to produce 150,000 automobiles per year. The two carmakers may invest USD780.3 million in Ningbo’s headquarters and distribution sites in China and Germany. Automobile manufacturers have planned the construction of numerous production sites in various locations throughout the world in order to meet the growing demand for electric vehicles. Such improvements are expected to boost demand for axial flux motors in the forecast period 2023-2028.

Market Segments

Global axial flux motors market is segmented into cooling process, type, power, end-user industry, region and competitive landscape. Based on the cooling process, the market is segmented into air cooling and liquid cooling. Based on type, the market is segmented into dual-rotor single stator, and single-rotor dual-stator. Based on power, the market is segmented into 1kW-15kW, 15kW-80kW, 80kW-160kW, Above 160kW. Based on end-use industry, the market is segmented into general manufacturing, power, construction, automotive, aerospace, marine, agriculture, and others. Based on region, the market is segmented into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Market Players

Major market players in the global axial flux motors market are Avid Technology, Emrax D.O, Yasa Limited, Lynch Motors, Magnax BVBA, Lucchi R Sol, Nidec Corporation, Agni Motors, Saietta Group, Ashwoods Electric Motors.


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Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Cooling Process

Type

Power

End-User Industry

Region

Regional Scope

Asia-Pacific, Europe, North America, South America, Middle East & Africa

Country scope

China, India, Japan, Australia, South Korea, Germany, United Kingdom, France, Italy, Spain, United States, Canada, Mexico, Brazil, Argentina, Colombia, UAE, Saudi Arabia, South Africa

Key companies profiled

Avid Technology, Emrax D.O, Yasa Limited, Lynch Motors, Magnax BVBA, Lucchi R Sol, Nidec Corporation, Agni Motors, Saietta Group, Ashwoods Electric Motors

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global axial flux motors market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Axial Flux Motors Market, By Cooling Process:
    • Air Cooling,
    • Liquid Cooling
  • Axial Flux Motors Market, By Type:
    • Dual-Rotor Single Stator
    • Single-Rotor Dual-Stator
  • Axial Flux Motors Market, By Power:
    • 1kW-15kW
    • 15kW-80kW
    • 80kW-160kW
    • Above 160kW
  • Axial Flux Motors Market, By End-User Industry:
    • General Manufacturing
    • Power
    • Construction
    • Automotive
    • Aerospace
    • Marine
    • Agriculture
    • Others
  • Axial Flux Motors Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   Asia pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   Middle East & Africa

§  UAE

§  Saudi Arabia

§  South Africa

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Axial Flux Motors Market.

Available Customizations:

Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Global Axial Flux Motors Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Axial Flux Motors Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Cooling Process (Air Cooling, and Liquid Cooling)

5.2.2.    By Type (Dual-Rotor Single Stator, and Single-Rotor Dual-Stator)

5.2.3.    By Power (1kW-15kW, 15kW-80kW, 80kW-160kW, Above 160kW)

5.2.4.    By End-User Industry (General Manufacturing, Power, Construction, Automotive, Aerospace, Marine, Agriculture, Others)

5.2.5.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    Asia-Pacific Axial Flux Motors Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Cooling Process

6.2.2.    By Type

6.2.3.    By Power

6.2.4.    By End-User Industry

6.2.5.    By Country

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Axial Flux Motors Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Cooling Process

6.3.1.2.2.           By Type

6.3.1.2.3.           By Power

6.3.1.2.4.           By End-User Industry

6.3.2.    India Axial Flux Motors Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Cooling Process

6.3.2.2.2.           By Type

6.3.2.2.3.           By Power

6.3.2.2.4.           By End-User Industry

6.3.3.    Japan Axial Flux Motors Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Cooling Process

6.3.3.2.2.           By Type

6.3.3.2.3.           By Power

6.3.3.2.4.           By End-User Industry

6.3.4.    South Korea Axial Flux Motors Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value 

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Cooling Process

6.3.4.2.2.           By Type

6.3.4.2.3.           By Power

6.3.4.2.4.           By End-User Industry

6.3.5.    Australia Axial Flux Motors Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value 

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Cooling Process

6.3.5.2.2.           By Type

6.3.5.2.3.           By Power

6.3.5.2.4.           By End-User Industry

7.    Europe Axial Flux Motors Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Cooling Process

7.2.2.    By Type

7.2.3.    By Power

7.2.4.    By End-User Industry

7.2.5.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Axial Flux Motors Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Cooling Process

7.3.1.2.2.           By Type

7.3.1.2.3.           By Power

7.3.1.2.4.           By End-User Industry

7.3.2.    United Kingdom Axial Flux Motors Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Cooling Process

7.3.2.2.2.           By Type

7.3.2.2.3.           By Power

7.3.2.2.4.           By End-User Industry

7.3.3.    Italy Axial Flux Motors Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Cooling Process

7.3.3.2.2.           By Type

7.3.3.2.3.           By Power

7.3.3.2.4.           By End-User Industry

7.3.4.    Spain Axial Flux Motors Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Cooling Process

7.3.4.2.2.           By Type

7.3.4.2.3.           By Power

7.3.4.2.4.           By End-User Industry

7.3.5.    France Axial Flux Motors Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Cooling Process

7.3.5.2.2.           By Type

7.3.5.2.3.           By Power

7.3.5.2.4.           By End-User Industry

8.    North America Axial Flux Motors Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Cooling Process

8.2.2.    By Type

8.2.3.    By Power

8.2.4.    By End-User Industry

8.2.5.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Axial Flux Motors Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Cooling Process

8.3.1.2.2.           By Type

8.3.1.2.3.           By Power

8.3.1.2.4.           By End-User Industry

8.3.2.    Canada Axial Flux Motors Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Cooling Process

8.3.2.2.2.           By Type

8.3.2.2.3.           By Power

8.3.2.2.4.           By End-User Industry

8.3.3.    Mexico Axial Flux Motors Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Cooling Process

8.3.3.2.2.           By Type

8.3.3.2.3.           By Power

8.3.3.2.4.           By End-User Industry

9.    South America Axial Flux Motors Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Cooling Process

9.2.2.    By Type

9.2.3.    By Power

9.2.4.    By End-User Industry

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Axial Flux Motors Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Cooling Process

9.3.1.2.2.           By Type

9.3.1.2.3.           By Power

9.3.1.2.4.           By End-User Industry

9.3.2.    Argentina Axial Flux Motors Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Cooling Process

9.3.2.2.2.           By Type

9.3.2.2.3.           By Power

9.3.2.2.4.           By End-User Industry

9.3.3.    Colombia Axial Flux Motors Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Cooling Process

9.3.3.2.2.           By Type

9.3.3.2.3.           By Power

9.3.3.2.4.           By End-User Industry

10. Middle East & Africa Axial Flux Motors Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Cooling Process

10.2.2. By Type

10.2.3. By Power

10.2.4. By End-User Industry

10.2.5. By Country

10.3.             South America: Country Analysis

10.3.1. Saudi Arabia Axial Flux Motors Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Cooling Process

10.3.1.2.2.         By Type

10.3.1.2.3.         By Power

10.3.1.2.4.         By End-User Industry

10.3.2. UAE Axial Flux Motors Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Cooling Process

10.3.2.2.2.         By Type

10.3.2.2.3.         By Power

10.3.2.2.4.         By End-User Industry

10.3.3. South Africa Axial Flux Motors Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Cooling Process

10.3.3.2.2.         By Type

10.3.3.2.3.         By Power

10.3.3.2.4.         By End-User Industry

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

13. Company Profiles

13.1.             Avid Technology

13.1.1. Business Overview

13.1.2. Key Products/Services Offered

13.1.3. Headquarters Address

13.1.4. Key Contact Person

13.1.5. Key Financials & Revenues

13.2.             Emrax D.O

13.2.1. Business Overview

13.2.2. Key Products/Services Offered

13.2.3. Headquarters Address

13.2.4. Key Contact Person

13.2.5. Key Financials & Revenues

13.3.             Yasa Limited

13.3.1. Business Overview

13.3.2. Key Products/Services Offered

13.3.3. Headquarters Address

13.3.4. Key Contact Person

13.3.5. Key Financials & Revenues

13.4.             Lynch Motors

13.4.1. Business Overview

13.4.2. Key Products/Services Offered

13.4.3. Headquarters Address

13.4.4. Key Contact Person

13.4.5. Key Financials & Revenues

13.5.             Magnax BVBA

13.5.1. Business Overview

13.5.2. Key Products/Services Offered

13.5.3. Headquarters Address

13.5.4. Key Contact Person

13.5.5. Key Financials & Revenues

13.6.             Lucchi R Sol

13.6.1. Business Overview

13.6.2. Key Products/Services Offered

13.6.3. Headquarters Address

13.6.4. Key Contact Person

13.6.5. Key Financials & Revenues

13.7.             Nidec Corporation

13.7.1. Business Overview

13.7.2. Key Products/Services Offered

13.7.3. Headquarters Address

13.7.4. Key Contact Person

13.7.5. Key Financials & Revenues

13.8.             Agni Motors

13.8.1. Business Overview

13.8.2. Key Products/Services Offered

13.8.3. Headquarters Address

13.8.4. Key Contact Person

13.8.5. Key Financials & Revenues

13.9.             Saietta Group

13.9.1. Business Overview

13.9.2. Key Products/Services Offered

13.9.3. Headquarters Address

13.9.4. Key Contact Person

13.9.5. Key Financials & Revenues

13.10.          Ashwoods Electric Motors

13.10.1.  Business Overview

13.10.2.  Key Products/Services Offered

13.10.3.  Headquarters Address

13.10.4.  Key Contact Person

13.10.5.  Key Financials & Revenues

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The key players in the global axial flux motors market include Avid Technology, Emrax D.O, Yasa Limited, Lynch Motors, Magnax BVBA, Lucchi R Sol, Nidec Corporation, Agni Motors, Saietta Group, Ashwoods Electric Motors

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New players are entering the global axial flux motors market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.

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The expanding adoption of automation across sectors, as well as the increasing availability of sophisticated technology influences the need for industrial robots, creating potential prospects for axial flux motors.

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Technical challenges and high production cost are the major restraints for the global axial flux motors market.

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Parvati Sharma

Account Manager BD
Press Release

Axial Flux Motors Market is Expected to be Dominated by Europe Until 2028

Oct, 2023

Increasing demand from EVs and growing requirement of axial flux motors in wind turbine generators are expected to drive the global axial flux motors market during the forecast period of 2024-2028.