Axial Flux Motors Market - Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028 Segmented By Cooling Process (Air Cooling, and Liquid Cooling), By Type (Dual-Rotor Single Stator, and Single-Rotor Dual-Stator), By Power (1kW-15kW, 15kW-80kW, 80kW-160kW, Above 160kW), By End-User Industry (General Manufacturing, Power, Construction, Automotive, Aerospace, Marine, Agriculture, O

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 MarketDrivers & 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 MarketChallenges

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 MarketOpportunities

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