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Axial-flux permanent magnet generators have been found suitable in wind energy conversion system and electrical vehicle owing to its compactness, high torque to inertia ratio, modular geometry, and high magnet usability index. Such applications require the generator to operate in extended speed range. In extended speed range, voltage regulation of the generator is achieved by field-weakening of the generator. Usually, field-weakening is achieved by injecting negative d-axis current in the armature winding of the generator. However, in the axial-flux machine field-weakening by current injection is not substantial due to the low inductance of the machine and use of permanent magnets with high coercivity. Therefore, this paper emphasizes field-weakening using mechanical methods. This paper compares the performance of different axial-flux dual-stator permanent magnet generator (AFDS PMG) topologies on the basis of voltage regulation by mechanical-field-weakening-technique. Field-weakening in the generator is achieved by angularly displacing one of the stators with respect to other via a mechanical actuator. Experimental test results on proof-of-concept generators have been presented to conclude that AFDS PMSG with perfect sinusoidal back-emf characteristic is best suited for mechanical field-weakening-based voltage regulation in ESR.