Electric Two and Three Wheeler Controller Market Industry Insights and Future Projections
The Electric Two and Three Wheeler Controller Market has gained considerable traction in recent years due to the growing demand for sustainable transportation. In 2024, the global market was valued at approximately USD 1.3 billion and is expected to expand at a CAGR of 18.6% over the next 5–10 years. The shift toward electrification, urbanization, government incentives, and environmental regulations is propelling the demand for efficient electric vehicle (EV) components, especially controllers, which serve as the brains of EVs, regulating motor functions and ensuring optimal energy usage.