Title: Axial Flux Motor Market - Forecast (2022 - 2027)
1Axial Flux Motor MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report (2022 - 2027)
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- Axial flux motor market is projected to reach
353 million by 2026 and it is estimated to grow
at a CAGR 10.6 during the period 2021-2026. - Increasing adoption of these motors across
various industries and e-mobility is set to drive
the growth of axial flux motor industry. Apart
from that, electrification of automotive industry
plays a major crucial role in the growth of axial
flux motor, especially electronically commutated
motors and permanent magnet synchronous motors.
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- Key Takeaways
- Among all the applications, EV is anticipated to
witness the fastest growth during the forecast
period 2021-2026, high investment in eco-friendly
vehicles coupled with increasing government
initiatives to promote the usage of EVs are the
key factors behind this growth. - Due to the high investment for electric vehicles
and electrification of automotive industry,
automotive sector will register highest market
growth during 2021-2026.
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- Axial Flux Motor Market Segment Analysis - by
Application - By application, this market is segmented into
utility vehicles, Electric Passenger vehicles
(passenger cars, buses, motor bikes and others),
Commercial Vehicles, Electric drones, Industrial
and others. - In addition, growing environmental awareness
among the public is also a major factor for the
increasing adoption of electric vehicles which in
turn will create tremendous growth opportunities
for axial flux motor market.
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- Axial Flux Motor Market Landscape
- AVID Technology
- YASA Limited
- Emraxd.o.o
- Magnax bvba
- Ashwoods electric motors
- Saietta Group
- Lynch motors
- Agni Motors
- Lucchi R. S.r.l. Nidec Corporation
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- Analyst Briefing
- Data Tables
- Key Contacts
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Contact (1) 970-236-3677
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