The paper proposes the characteristics analysis for a Transverse flux type Switched Reluctance Motor(TSRM) considering the nonlinear magnetic phenomena. To investigate the nonlinear parameters of magnetic equivalent circuit, the designed TSRM is analyzed by the 2D and 3D finite element method as functions of input current and angular displacement. On the base of FEM analysis results, the current, torque, back EMF and output power wave of TSRM are simulated from the motion equation by MATLAB/Simulink. The simulated performance characteristics for a 4-phase, 24-pole TSRM are verified by experimental results of a prototype TSRM.