Axial Flux Motor Market by Component, Power Rating (15kw-80kw, 1kw-15kw, 80kw-160kw), Voltage, Application, End-User Industry

List of Tables

[187 Pages Report] The Axial Flux Motor Market size was estimated at USD 1.07 billion in 2023 and expected to reach USD 1.17 billion in 2024, at a CAGR 8.62% to reach USD 1.92 billion by 2030.

An axial flux motor, a type of electric motor, distinguishes itself by the direction in which its magnetic flux moves. The magnetic flux moves parallel to the axis of rotation, unlike traditional radial flux motors, where the flux moves radially from the center out toward the circumference in an axial flux motor. This design enables a more compact and efficient architecture, often resulting in a lighter and smaller motor capable of delivering comparable or superior performance to its radial counterpart. The push toward electrification and the global demand for more efficient and smaller motors for electric vehicles further propels the demand for axial flux motors. In addition, the growing emphasis on sustainable energy solutions has increased the demand for efficient motors in renewable energy applications. However, technical limitations in thermal management and integrating axial flux motors into existing systems are significant challenges for manufacturers. Moreover, developing new materials, such as high-performance magnets and improved electrical steel, could enhance motor efficiency and reduce costs. There is also potential in modular and scalable motor designs, allowing for a wider range of applications.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.07 billion
Estimated Year [2024]	USD 1.17 billion
Forecast Year [2030]	USD 1.92 billion
CAGR (%)	8.62%

Component: Technical advancements in rotors and cooling systems for axial flux motors

Bearings in axial flux motors are engineered to accommodate the unique axial and radial loads, ensuring smooth operation and longevity. Cooling systems are vital for maintaining optimal operating temperatures, as axial flux motors can generate significant heat owing to their compact size and high power density. These systems often utilize advanced cooling techniques, such as liquid or air cooling, to effectively dissipate heat. The magnets, typically made from rare earth materials, are paramount to the motor's operation, providing the magnetic field necessary for the motor's electromagnetic function. In addition, rotors and stators form the core of the axial flux motor, with the rotor being the rotating part that includes magnets and the stator consisting of windings through which electric current passes. This design allows for a more compact and efficient motor with improved power-to-weight ratios compared to traditional radial flux motors. These components work together to deliver the performance characteristics that make axial flux motors suitable for various applications, including EVs and renewable energy systems.

Application: Increasing adoption of axial flux motors in EVs and renewable energy systems offering high power density and efficiency

The axial flux motor offers a compact and efficient solution across various applications. In transportation, it is employed in commercial and electric passenger vehicles due to its high power density and efficiency, contributing to extended range and reduced charging times, thereby addressing some fundamental challenges in electric vehicle adoption. Similarly, its application in yachts and electric boats showcases its adaptability to marine environments, offering a cleaner, quieter alternative to traditional combustion engines. Axial flux motors are making strides in the aerospace industry, particularly in electric drones, where their light weight and efficiency are crucial for flight duration and payload capacity. These motors are integrated into machinery and robotics actuators in industrial settings, providing precise control and energy-saving benefits critical for automation and manufacturing efficiencies. Additionally, their application in elevators emphasizes the importance of their compact size and high torque capabilities in vertical transportation solutions.

Power Rating: Significance of axial flux motors with power ratings above 160 kw in power density applications

Motors within the 15kw to 80kw range are commonly associated with medium-duty applications, including automotive, particularly electric vehicles, light industrial machinery, and high-performance drones. Motors in this category are prioritized for their balance between power and size, offering an optimal solution for applications that require a compact motor with a moderate to high power output. Their efficiency and torque density make them suitable for vehicles and equipment where space is at a premium, but power cannot be compromised. Axial flux motors in the 1kw to 15kw power range are typically utilized in applications where space is highly constrained and efficiency is paramount. These include small electric vehicles, such as scooters or drones, and auxiliary power units in larger systems. The lower end of this power range is particularly suited to applications where lightweight and minimal space usage are critical factors. Regardless of their small size, these motors can deliver high efficiency and are thus a suitable choice for battery-operated devices. Motors with power ratings of 80 kw to 160kw are designed for heavy-duty applications, including commercial electric vehicles, including buses and trucks, agricultural machinery, and larger industrial applications. Motors within this power band provide the necessary torque and efficiency to handle substantial loads over extended periods. Their adoption is essential in sectors looking to enhance performance while reducing environmental impact through electrification. Axial flux motors with power ratings above 160kw are typically employed in specialized and demanding environments, such as marine propulsion, heavy industrial machinery, and certain types of renewable energy installations. These high-power motors are essential in scenarios where conventional motors might not meet the required efficiency or power density. Their adoption is critical for industries focused on maximizing output and efficiency, particularly where environmental considerations drive the shift toward electrification.

Voltage: Increasing adoption of medium voltage motors, offering a balance between high power output and costs efficiency

High-voltage axial flux motors are typically used in applications requiring significant power output, such as electric vehicles, high-performance industrial machinery, and renewable energy systems. These motors operate at a voltage level typically above 600 volts. The advantage of high-voltage motors is the ability to transfer power efficiently over long distances with less energy loss, making them suitable for high-power and efficiency applications. Low-voltage axial flux motors operate at a voltage level below 100 volts. These motors are commonly found in small electric devices and automotive applications. The primary benefit of low-voltage motors is their inherent safety; the lower operational voltage significantly reduces the risk of electric shock, making them suitable for handheld devices or applications with direct human interaction.

Furthermore, low voltage systems generally require less complex control systems and can be more cost-effective to produce and maintain. Medium voltage axial flux motors are designed to bridge the gap between high and low-voltage applications, operating typically in the range of 100 volts to 600 volts. This category is often used in commercial and light industrial applications, such as HVAC systems, mid-sized electric vehicles, and pumping equipment. Medium voltage motors balance the safety and ease of use found in low voltage motors with the power capacity closer to that of high voltage systems. Medium voltage motors also benefit from better energy efficiency than low voltage motors when used in suitable applications.

End-User Industry: Growing adoption of axial flux motors in aerospace and defense sector with ongoing shift toward electrification

In the aerospace & defense sector, axial flux motors are used in high-efficiency and reliability applications, such as unmanned aerial vehicles (UAVs), where weight and energy efficiency are paramount. The growing demand for electric propulsion systems in this sector emphasizes the potential for axial flux motors to contribute significantly to innovations in aerospace technology, including more sustainable aviation solutions. The automotive industry, particularly in the electric vehicle (EV), is witnessing a surge in the adoption of axial flux motors. Their superior efficiency and compact form factor make them ideal for EVs, where space is at a premium and efficiency translates directly to longer driving ranges. Axial flux motors are expected to play a critical role in powering the next generation of electric cars, bikes, and commercial vehicles as the global automotive market shifts toward electrification. In the manufacturing and industrial sectors, axial flux motors find applications in automation and robotics, conveyor systems, and other machinery requiring high torque and energy efficiency. These motors can significantly reduce energy consumption, leading to lower operational costs and improved sustainability profiles for industrial operations. The adaptability and efficiency of axial flux motors make them a compelling choice for various industrial applications. The marine industry is increasingly exploring electric propulsion systems to reduce emissions and improve efficiency. Axial flux motors are well-suited to this application due to their high efficiency, reliability, and capacity to deliver high torque at low speeds, often required in marine propulsion systems.

Additionally, their compact size allows for more flexible installation options on marine vessels, from small boats to larger ships considering electric propulsion solutions. Within the renewable energy sector, axial flux motors are utilized in applications such as wind turbines and hydroelectric generators. Their high efficiency and ability to operate at varying speeds make them suitable for converting natural energy sources into electricity. As the world continues to transition toward renewable energy solutions, the application of axial flux motors in this sector is expected to grow, contributing to more efficient and sustainable energy production. In transportation and logistics, axial flux motors offer favorable applications in electrically powered handling and delivery vehicles, including drones, electric bikes, and electric delivery trucks. Their efficiency and power density are particularly beneficial in urban logistics, where vehicles must be small, agile, and capable of carrying significant loads over short to medium distances. As eCommerce continues to grow, along with the need for sustainable last-mile delivery solutions, axial flux motors are well-positioned to meet this demand.

Regional Insights

In the Americas, particularly in the United States and Canada, a growing interest in axial flux motors is primarily driven by the push for electric vehicles and renewable energy systems. Consumers in the Americas increasingly demand high-performance, durable, and energy-efficient motors for automotive and industrial machinery applications. The EMEA region presents a diverse market with varying demand for axial flux motors. European Union (EU) countries have led in adopting this approach due to strong regulatory frameworks for energy efficiency and emissions. The Middle East and Africa are gradually growing, driven by the need for energy optimization and growing interest in electric mobility solutions. Moreover, the Asia-Pacific region demonstrates a significant demand for axial flux motors, driven by the accelerating electric vehicle (EV) market, particularly in countries such as China, Japan, and India. This region's rapid industrialization and urbanization contribute to increased demand for high-efficiency motors for applications in automotive, industrial automation, and renewable energy sectors.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Axial Flux Motor Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Axial Flux Motor Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Axial Flux Motor Market, highlighting leading vendors and their innovative profiles. These include Agni Motors Ltd, Altair Engineering Inc., American Precision Industries, Inc. by Regal Rexnord Corporation, ASHWOODS ELECTRIC MOTORS LIMITED by DANA TM4 INC., Beyond Motors, d.o.o., ECM PCB Stator Technology, EMRAX d.o.o., Evolito Ltd, Faststream Technologies, GKN Powder Metallurgy Engineering GMBH, Hyundai Mobis Co., Ltd., Lucchi R. Elettromeccanica s.r.l., Magnax BV, McLaren Automotive Limited, Miba AG, Motenergy, Inc, Naxatra Labs Pvt. Ltd., Nidec Corporation, Omni Powertrain Technologies, LLC, Phi-Power AG, Saietta Group plc, Schaeffler AG, Siemens AG, Sierramotion, Inc. by Allient Inc., Sumitomo Electric Industries, Ltd., Torus Robotics Pvt Ltd, Traxial BV, Tresa Motors, Turntide Technologies Inc., WHYLOT, and YASA Limited by Mercedes-Benz AG.

Market Segmentation & Coverage

This research report categorizes the Axial Flux Motor Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Bearings
- Cooling systems
- Magnets
- Rotors
- Stators

Power Rating
- 15kw-80kw
- 1kw-15kw
- 80kw-160kw
- Above 160kw

Voltage
- High voltage
- Low voltage
- Medium voltage

Application
- Commercial Vehicles
- Electric Drones
- Electric Passenger Vehicles
- Elevators
- Industrial Machinery
- Robotics Actuators
- Yachts & Electric Boats

End-User Industry
- Aerospace & Defense
- Automotive
- Manufacturing & Industrial
- Marine
- Renewable Energy
- Transportation & Logistics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Axial Flux Motor Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Axial Flux Motor Market?

3. What are the technology trends and regulatory frameworks in the Axial Flux Motor Market?

4. What is the market share of the leading vendors in the Axial Flux Motor Market?

5. Which modes and strategic moves are suitable for entering the Axial Flux Motor Market?

Product Code: MRR-C17BB83B2E7C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for efficient motor solutions for electric vehicles
  - 5.1.1.2. Growing government investments and initiatives toward renewable energy production
- 5.1.2. Restraints
  - 5.1.2.1. Complexities associated with the designing and manufacturing of axial flux motor
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous research and introduction of advanced axial flux motor
  - 5.1.3.2. Development, approval, and utilization of axial flux motors in the aviation sector
- 5.1.4. Challenges
  - 5.1.4.1. Technical issues associated with the thermal management and the integration of axial flux motors into existing systems
5.2. Market Segmentation Analysis
- 5.2.1. Component: Technical advancements in rotors and cooling systems for axial flux motors
- 5.2.2. Application: Increasing adoption of axial flux motors in EVs and renewable energy systems offering high power density and efficiency
- 5.2.3. Power Rating: Significance of axial flux motors with power ratings above 160 kw in power density applications
- 5.2.4. Voltage: Increasing adoption of medium voltage motors, offering a balance between high power output and costs efficiency
- 5.2.5. End-User Industry: Growing adoption of axial flux motors in aerospace and defense sector with ongoing shift toward electrification
5.3. Market Trend Analysis
- 5.3.1. Exponential growth in automation and robotics across industries propelling advancements in axial flux motor technology in the Americas
- 5.3.2. Robust manufacturing capabilities, surge in electric vehicle production, and strategic collaborations between regional and global players across the APAC region
- 5.3.3. Deployment of axial flux motors across automotive and renewable energy sectors with rising research & development activities to reduce the cost of motors in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Axial Flux Motor Market, by Component

6.1. Introduction
6.2. Bearings
6.3. Cooling systems
6.4. Magnets
6.5. Rotors
6.6. Stators

7. Axial Flux Motor Market, by Power Rating

7.1. Introduction
7.2. 15kw-80kw
7.3. 1kw-15kw
7.4. 80kw-160kw
7.5. Above 160kw

8. Axial Flux Motor Market, by Voltage

8.1. Introduction
8.2. High voltage
8.3. Low voltage
8.4. Medium voltage

9. Axial Flux Motor Market, by Application

9.1. Introduction
9.2. Commercial Vehicles
9.3. Electric Drones
9.4. Electric Passenger Vehicles
9.5. Elevators
9.6. Industrial Machinery
9.7. Robotics Actuators
9.8. Yachts & Electric Boats

10. Axial Flux Motor Market, by End-User Industry

10.1. Introduction
10.2. Aerospace & Defense
10.3. Automotive
10.4. Manufacturing & Industrial
10.5. Marine
10.6. Renewable Energy
10.7. Transportation & Logistics

11. Americas Axial Flux Motor Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Axial Flux Motor Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Axial Flux Motor Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Enhancing EV Innovations: Siemens' Advanced Simcenter E-Machine Design Software
- 14.3.2. Innovating Home Air Purification: The Integration of Slimmer, High-Performance Motors
- 14.3.3. Revolutionizing Electric Mobility: Magnax BV's Strategic Advancement in Axial Flux Motor Technology
- 14.3.4. Saietta VNA Launches Axial-Flux Electric Motor Production in Manesar to Advance India's EV Market
- 14.3.5. Revolutionizing Electric Vehicle Technology: YASA Leads Groundbreaking Consortium with (USD 26.07 Million) in Funding
- 14.3.6. Revolutionizing the Electric Truck Industry: Tresa Motors' Introduction of the FLUX 350 Axial Flux Motor
- 14.3.7. Advancements in Electromechanical Engineering: Spotlight on Turntide Technologies' Axial Flux Motor at IVT Expo USA
- 14.3.8. Miba's Strategic Expansion to Boost eMobility and Sustainable Energy Solutions
- 14.3.9. Ziehl-Abegg Expands Global Footprint with New Manufacturing Plant in Vietnam
- 14.3.10. Innovative Development in High Altitude Platform Stations: SoftBank and Nidec's Axial Flux Motor Revolution
- 14.3.11. Saietta and AVTEC's Joint Venture Pioneers Advanced eDrive Solutions for Light Vehicles

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio