Europe region is dominating the Axial Flux Motor Market with revenue of $179.78 m in 2021 and is estimated to grow at a CAGR of 8.00% during the forecast period of 2022-2027 to generate a revenue of $274.23m in 2027.Axial flux electric motors are in high demand across a variety of vehicle industries and across numerous geographical locations, thanks to the continuously developing automotive sector. Automotive dominated the Axial Flux Motor Market with a revenue of $202.22m in 2021 and is projected to reach $359.74m by 2027 and is also set to be the fastest-growing segment with a CAGR of 10.82% during the forecast period 2022-2027.The Electric Passenger Vehicles segment is expected to grow at a CAGR of 10.70% during the forecast period 2022-2027 owing to the increase in government initiatives and key players strategic approaches to maintain the dominance.India, Australia, Indonesia, Malaysia, Others), and RoW (Middle East, Africa) Key Takeaways Italy, Spain, Russia, Netherlands, Others), APAC (China, Japan, South Korea,
(Brazil, Argentina, Chile, Colombia, Others), Europe (Germany, France, UK, Manufacturing, Power, Construction, Automotive, Aerospace, Marine, Agriculture, Others.īy Geography: North America (US, Canada, Mexico), South America & Electric Boats, Electric Drones, Others. Propulsion Systems, Aircrafts & Electric Glider Planes, Yachts Passenger Vehicles, Commercial Vehicles, Industrial Machinery, Elevators, Robotics Actuators, and Of the following segments of the Axial Flux Motor Market Report.īy Cooling Process: Air Cooling, Liquid Cooling.īy Power:1kw-15kw, 15kw-80kw, 80kw-160kw, Above Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis Report: “Axial Flux Motor Market Industry World is predicted to boost the adoption of electric vehicles and heat recovery ventilation, which will driveĪxial flux motor demand in 2022-2027. Rising awareness of environmental preservation around the Industry expansion for permanent magnet synchronous motors. Produce better products with greater efficiency, which further enhances the Growing focus on refining design and manufacturing processes in order to Product demand is expected to benefit from a Lime, an American transportation firm, that also purchased a big number ofĮlectric bikes and scooters. Million in electric scooters in December 2020. Opportunities for the Axial Flux Motor Market. Investment in the electric vehicle market would give substantial growth When an axial flux motor has this feature, theīattery lasts longer, making these motors more economically viable.įurthermore, using axial motors minimizes vehicle weight by reducing theĪmount of space occupied by machinery. Itĭelivers more torque and power density than radial flux motors while using the Pancake electrically commutated motors due to their extremely low axial length-to-diameter ratio. Axial flow drives are also known as flattened and Grow at a CAGR of 10.8% during the forecast 2022-2027 to reach $870.65 million by 2027.Īxial flux motors are suited for applications that require a high torqueĭensity in a small footprint. Axial Flux Motor Market size is analyzed to
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