This paper presents an electromagnetic analysis of a tubular linear machine with axially magnetized permanent magnets using improved analytical techniques. Based on the magnetic vector potential and a two-dimensional polar-coordinate system, the magnetic field and armature reaction field can be derived. Using these, equivalent circuit parameters, such as the electromotive force and inductance, can be obtained analytically. Finally, the generating characteristics are derived with the equivalent circuit method. In this study, the finite element method was employed to provide a comparative evaluation, and experiments were conducted to validate the results of the analytical analysis.