Global Passenger Cars Axial Flux Motors Market Key Players, Forecast with [7.29% CAGR]
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- Location: Cologne
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According to TechSci Research report, “Global Passenger Cars Axial Flux Motors Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Passenger Cars Axial Flux Motors Market stood at USD 56 million in 2022 and is anticipated to grow with a CAGR of 5.71% in the forecast period, 2024-2028. The global passenger cars axial flux motors market is undergoing a profound transformation as the automotive industry navigates a pivotal shift towards electrification and sustainability. With mounting environmental concerns and increasingly stringent emissions regulations, automakers are pivoting towards electric vehicles (EVs) at an unprecedented pace.
Axial flux motors have emerged as key enablers of this transition, offering superior efficiency and power density compared to traditional radial flux motors. As a result, they are gaining prominence as the preferred choice for electric powertrains in passenger cars. Advancements in electric vehicle technology, including battery improvements and the development of robust charging infrastructure, are accelerating the demand for axial flux motors.
cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS.
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