Power Electronics Software Market
                     Power Electronics Software Industry worth USD 5.25 billion by 2030 
The report "Power Electronics Software Market by Design Software, Simulation Software, 
Analysis Software, Control Software, Rapid Control Prototyping, Embedded System 
Prototyping, Model-based Design, Automotive and Renewable Energy - Global Forecast to 
2030" The power electronics software market is expected to reach USD 5.25 billion by 2030 
from USD 3.33 billion in 2025, growing at a CAGR of 9.5% from 2025 to 2030 Power electronics 
software enables the design, simulation, and optimization of power electronic systems in the 
industrial, consumer electronics, automotive, renewable energy, aerospace, and defense 
industries. The market is experiencing significant growth mainly due to the increasing adoption 
of renewable energy sources, the growing shift towards electric vehicles, and advancements in 
semiconductor technologies. 
The industrial segment is expected to hold the largest market size during the forecast period. 
The industrial sector holds the largest market size during the forecast period of the power 
electronics software market due to its widespread usage in automation, motor drives, 
renewable energy systems, and power inverters. With the increasing adoption of Industry 4.0 
and smart manufacturing practices, the demand for optimizing energy consumption and 
improving operational efficiencies is growing. Power electronics software helps power 
management system designs and simulations achieve efficiency and precision in most industrial 
equipment and processes. Moreover, the high demand for energy-saving technologies and a 
need to comply with regulations make power electronics software prevalent in most industrial 
applications. The need for advanced systems in factories, with the transition to renewable 
energy, boosts demand for the power electronics software market. 
The design software segment is expected to exhibit the second-highest CAGR during the 
forecast period. 
The design software segment is expected to register the second-highest CAGR in the type of 
segment of the power electronics software market during the forecast period. The growth can 
be attributed to the critical role of design software in enhancing efficiency, performance, and 
reliability in power electronic systems. As demand for electric vehicles, renewable energy 
systems, and industrial automation continues to grow, the requirement for an efficient, 
optimized design for inverter, converter, and motor drive components is growing. Design 
software offers advanced simulation and modeling with prototyping, significantly reducing 
development time and costs and ensuring compliance with regulatory standards. Increasing 
implementations of wide bandgap semiconductors require dedicated and sophisticated design 
solutions to achieve higher efficiency. Moreover, advancement through digital twins enhances 
intelligent and low-energy-consuming design solutions. Owing to these factors, the demand for 
design software is growing across applications such as automotive, industrial, aerospace & 
defense, and renewable energy. 
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Asia Pacific is expected to hold the largest market size during the forecast period. 
Asia Pacific is expected to hold the largest power electronics software market due to substantial 
investment in research and development and technology infrastructure. The growth can also be 
attributed to the increased adoption of electric vehicles, renewable energy systems, and 
industrial automation in various countries, including China, India, South Korea, and Japan. Due 
to the increasing penetration of advanced technologies like IoT, Al-enabled systems, and wide-
bandgap semiconductors, including silicon carbide (SiC) and gallium nitride (GaN), the demand 
for innovative power electronics solutions increased to achieve energy efficiency and system 
optimization. Another driver for the growth of the market in the region is government policies 
focusing on increasing the use of renewable energy sources, the implementation of smart grids, 
and energy-efficient technologies. Moreover, the rising implementation of Industry 4.0 
practices and cloud-based software solutions have further fueled the demand for the power 
electronics software market in the region. 
The MathWorks, Inc. (US), Keysight Technologies (US), Cadence Design Systems, Inc. (US), 
Synopsys, Inc. (US), Altair Engineering Inc. (US), NATIONAL INSTRUMENTS CORP. (US), Renesas 
Electronics Corporation (Japan), Infineon Technologies AG (Germany), dSPACE GmbH 
(Germany), and Siemens (Germany), Analog Devices, Inc. (US), Sidelinesoft, LLC (US), 
AESIM.tech (Canada), Plexim GmbH (Switzerland), Manitoba Hydro International Ltd. (Canada), 
Imperix power electronics (Switzerland), Typhoon HIL, Inc. (US), Mirabilis Design Inc. (US), 
Power Smart Control (Spain), COMSOL (Sweden), Speedgoat GmbH (Switzerland), Siemens 
(Germany), RTDS Technologies Inc (Canada), Powersys (France), AVL (Austria).