North America Axial Flux Electric Motor Market was valued at USD 0.02 Billion in 2022 and is projected to reach USD 0.12 Billion by 2030, growing at a CAGR of 24.1% from 2024 to 2030.
Axial flux electric motors are revolutionizing industries across North America, offering compact designs and high torque densities that cater to the evolving demands of various sectors. These motors are becoming integral in applications where space efficiency and performance are paramount.
Automotive Industry: Driving Efficiency and Performance
Electric Vehicles (EVs): The automotive sector is increasingly adopting axial flux motors for electric passenger and commercial vehicles. Their compact size and high efficiency enhance vehicle performance and extend driving range.
In-Wheel Motors: Axial flux motors are utilized in in-wheel motor applications, contributing to improved vehicle dynamics and space optimization.
Industrial Machinery: Enhancing Precision and Compactness
Robotics: In robotics, axial flux motors provide high torque even at low speeds, essential for precise and controlled movements. Their design allows for direct drive applications, eliminating the need for additional mechanical components like belts or gears.
Manufacturing Equipment: These motors are employed in machinery where space is limited, and high power density is required, improving overall system efficiency.
Aerospace Sector: Prioritizing Weight and Space Efficiency
Electric Aircraft: The aerospace industry leverages axial flux motors in electric propulsion systems, where their lightweight and compact design are critical for performance and energy efficiency.
Renewable Energy: Optimizing Power Generation
Wind Turbines: Axial flux motors are used in wind energy systems, contributing to efficient power generation in renewable energy applications.
Market Growth and Industry Requirements
The North American axial flux motor market is projected to reach significant growth, driven by the increasing demand for electric vehicles and renewable energy systems. Industries require motors that offer:
High Power Density: To maximize performance in compact spaces.
Energy Efficiency: Reducing operational costs and environmental impact.
Reliability: Ensuring consistent performance in critical applications.
As industries continue to prioritize efficiency and sustainability, the adoption of axial flux electric motors is expected to rise, solidifying their role in the North America Axial Flux Electric Motor Market.
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Honeywell
Mettler Toledo
Emerson
DKK-TOA Corporation
Hach Company
ProMinent
PCE Instruments
BMT Messtechnik GMBH
Shanndong
KWJ Engineering Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Axial Flux Electric Motor Market
Passenger Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Axial Flux Electric Motor market share In 2023.
Air Cooling
Liquid Cooling
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Axial Flux Electric Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Axial Flux Electric Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Axial Flux Electric Motor Market, By Type
6. North America Axial Flux Electric Motor Market, By Application
7. North America Axial Flux Electric Motor Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Axial Flux Electric Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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