Power Electronics Software Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Product Type

Market Size

Market Share & Trends Analysis

By Application

• Automotive: The automotive sector is one of the leading drivers of the power electronics software market. With the growth of electric vehicles (EVs) and hybrid electric vehicles (HEVs), the need for power electronics in battery management, inverters, and drive systems is growing. This segment is expected to grow at a CAGR of 12% to 17% as automakers invest in electrification and the development of energy-efficient systems.
• Consumer Electronics: Consumer electronics, especially devices that require power converters, chargers, and energy management systems, are also significant contributors to the market's growth. The segment is projected to grow at a CAGR of 8% to 12% due to the increasing demand for smart devices and power-efficient solutions.
• Industrial: Industrial applications, including manufacturing automation, robotics, and factory electrification, are increasingly adopting power electronics solutions. This sector is estimated to grow at a CAGR of 9% to 13%, driven by the trend toward automation and the need for efficient, sustainable power systems in industrial processes.
• Renewable Energy: The renewable energy sector, especially solar and wind power, is also a key market for power electronics software, with applications in power conversion, grid management, and storage systems. This segment is expected to grow at a CAGR of 14% to 18%, as the adoption of renewable energy technologies continues to expand globally.
• Aerospace & Defense: The aerospace and defense industry requires highly specialized power electronics for mission-critical systems, including propulsion, energy management, and flight control. This sector is projected to grow at a CAGR of 7% to 10%, driven by technological advancements and increasing defense budgets.
• Others: Other applications, such as healthcare, telecommunications, and utilities, are also contributing to market growth. This segment is expected to grow at a CAGR of 6% to 9%, driven by the demand for reliable power systems in these industries.

By Product Type

• Design Software: Design software tools are essential for creating and optimizing power electronic systems and circuits. This segment is expected to grow at a CAGR of 10% to 15% as engineers require advanced tools to streamline the design process and reduce development times.
• Simulation Software: Simulation software is crucial for modeling and testing power electronics systems virtually before physical implementation. This segment is projected to grow at a CAGR of 12% to 16% due to the increasing reliance on virtual testing and the growing complexity of modern power electronics.
• Analysis Software: Analysis software is used to assess the performance and efficiency of power systems. This segment is expected to grow at a CAGR of 9% to 13%, as industries demand more sophisticated analysis tools to ensure the reliability and energy efficiency of power electronic systems.
• Control Software: Control software plays a pivotal role in the operation of power electronics systems, such as regulating the power flow in inverters and converters. This segment is anticipated to grow at a CAGR of 11% to 14%, driven by the increasing automation and precision requirements in various industries.
• Others: Other software products, such as testing, monitoring, and fault detection tools, are expected to contribute to the market’s growth. This segment is expected to grow at a CAGR of 8% to 10%, as the need for comprehensive power electronics solutions increases across various sectors.

By Key Market Players

• Siemens: A global leader in industrial automation, providing power electronics software solutions for design, simulation, and control.
• MathWorks: Known for its MATLAB and Simulink platforms, which are widely used for modeling and simulating power electronics systems.
• Plexim GmbH: Specializes in simulation and modeling tools for power electronics, particularly in the automotive and industrial sectors.
• Keysight Technologies: Provides software solutions for power electronics testing and analysis, with a focus on high-precision measurements.
• Cadence Design Systems: Offers design and simulation software for power electronics applications in various industries.
• Synopsys: Known for its electronic design automation (EDA) tools, which include solutions for power electronics design and analysis.
• Altair Engineering: Offers simulation and optimization software used in power electronics design and analysis.
• NATIONAL INSTRUMENTS: Specializes in software and hardware solutions for power electronics testing and control.
• Renesas Electronics Corporation: Provides power electronics software solutions for automotive and industrial applications.
• Infineon Technologies: Offers simulation and control software for power electronics, with a focus on energy efficiency and reliability.
• dSPACE GmbH: Known for its simulation and testing software used in the development of power electronic systems.
• Analog Devices: Provides software tools for the analysis and control of power electronics systems.
• Sidelinesoft: Offers software solutions for the design and simulation of power electronics circuits and systems.
• AESIM.tech: Specializes in simulation software for power electronics systems, focusing on energy efficiency and optimization.
• Manitoba Hydro International: Offers power electronics software for energy management and renewable energy systems.
• Imperix power electronics: Known for its software solutions for the simulation and control of power electronics systems in renewable energy and industrial applications.
• Typhoon HIL: Specializes in hardware-in-the-loop (HIL) simulation and testing for power electronics systems.
• Mirabilis Design: Offers simulation and optimization software for power electronics design.
• Power Smart Control: Provides software for the control and optimization of power electronics systems in various applications.
• COMSOL: Offers simulation software for the modeling and analysis of power electronics systems.
• Speedgoat GmbH: Known for its real-time simulation and testing solutions for power electronics.
• RTDS Technologies: Specializes in real-time digital simulation software for power electronics and grid systems.
• Powersys: Provides software solutions for the analysis and simulation of power systems, including power electronics.
• AVL: Offers simulation and testing software for power electronics systems in automotive and industrial applications.

By Region

• North America: The region holds a dominant share of the market, estimated at 30% to 35%, with a projected CAGR of 10% to 13%. The region’s growth is driven by the increasing demand for power electronics in electric vehicles, renewable energy, and industrial applications.
• Europe: Accounts for 25% to 30% of the market, with a CAGR of 8% to 12%, driven by advancements in renewable energy and the automotive industry.
• Asia-Pacific: Expected to be the fastest-growing region, with a CAGR of 12% to 16%, fueled by the rapid adoption of electric vehicles, renewable energy, and industrial automation in countries like China, Japan, and India.
• Latin America: Projected to grow at a CAGR of 7% to 10%, with increasing demand for energy-efficient solutions in industrial and consumer electronics applications.
• Middle East & Africa: Expected to grow at a moderate CAGR of 6% to 9%, with demand driven by energy management and renewable energy applications.

Market Forecasts (2025-2030)

Key Growth Drivers

• Advancements in Electric Vehicle Technologies: The ongoing shift toward electric vehicles and hybrid vehicles is a significant driver for the demand for power electronics software solutions in automotive applications.
• Renewable Energy Adoption: As the demand for renewable energy solutions grows, so does the need for advanced power electronics software for system integration, energy storage, and power conversion.
• Industrial Automation: The increasing push toward automation in manufacturing and other industries is driving the demand for power electronics solutions.

Key Market Constraints

• High Initial Investment Costs: The high cost of power electronics systems and software tools can be a significant barrier for small and medium-sized enterprises (SMEs).
• Complexity in System Integration: Integrating advanced power electronics solutions into existing systems can be a complex and time-consuming process.

Opportunities

• Advancements in AI and Machine Learning: The integration of AI and machine learning into power electronics software could open up new opportunities for system optimization and predictive maintenance.
• Expansion of Electric Vehicle Infrastructure: As the electric vehicle market continues to grow, the need for power electronics solutions in EV charging infrastructure will provide additional market opportunities.

Threats

• Intense Competition: The power electronics software market is highly competitive, with numerous players offering similar solutions, which could limit growth prospects for new entrants.
• Technological Obsolescence: The rapid pace of technological advancements in power electronics software could lead to obsolescence for companies that fail to keep up with the latest innovations.