North America Power Electronics Software Market Size, Share & Industry Analysis Report By Technology (Model-Based Design (MBD), Rapid Control Prototyping (RCP), Hardware-In-The-Loop (HIL) Simulation, Embedded System Prototyping, and Other Technology), By Application, By Type, By Country and Growth Forecast, 2025 - 2032

The North America Power Electronics Software Market would witness market growth of 9.3% CAGR during the forecast period (2025-2032).

The US market dominated the North America Power Electronics Software Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 1,405.4 million by 2032. The Canada market is experiencing a CAGR of 11.7% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.7% during (2025 - 2032). The US and Canada led the North America Power Electronics Software Market by Country with a market share of 75.2% and 12.3% in 2024.

The North American power electronics software ecosystem has come a long way in a short amount of time thanks to strong cooperation between federal programs, OEM-led innovation, and efforts to modernize the grid. The U.S. Department of Energy's Power Electronics Industry Collaborative (PEIC) and PowerAmerica have helped OEMs, suppliers, and research labs work together by making technology roadmaps and lowering the costs of wide bandgap (WBG) devices like SiC and GaN. These projects are all about system integration, packaging, and getting the workforce ready. They fix problems with supply chain fragmentation and make things more reliable. Institutions like NREL are working on simulation tools, EMT/HIL frameworks, and planning algorithms to make sure that high-penetration power electronics environments are stable on the grid side.

Government frameworks and research institutions are pushing for software innovation that is made for advanced WBG devices while also dealing with problems with cost, thermal management, and the lifecycle. OEMs can use programs like AMMTO's WBG strategic roadmap and PowerAmerica to add SiC and GaN devices to real-world systems in a way that makes them work better and last longer. As grid modernization moves forward, there is a growing need for simulation platforms that can help with system design, control validation, and operational planning in changing situations. NREL and other organizations are improving virtual testing tools to simulate performance at scale. This makes system modeling safer and more accurate before deployment.

Technology Outlook

Based on Technology, the market is segmented into Model-Based Design (MBD), Rapid Control Prototyping (RCP), Hardware-In-The-Loop (HIL) Simulation, Embedded System Prototyping, and Other Technology. Among various Canada Power Electronics Software Market by Technology; The Model-Based Design (MBD) market achieved a market size of USD 39.7 Million in 2024 and is expected to grow at a CAGR of 10.1 % during the forecast period. The Embedded System Prototyping market is predicted to experience a CAGR of 12.6% throughout the forecast period from (2025 - 2032).

Type Outlook

Based on Type, the market is segmented into Simulation Software, Design Software, Control Software, and Analysis Software. The Simulation Software market segment dominated the US Power Electronics Software Market by Type is expected to grow at a CAGR of 7.1 % during the forecast period thereby continuing its dominance until 2032. Also, The Analysis Software market is anticipated to grow as a CAGR of 10.3 % during the forecast period during (2025 - 2032).

Free Valuable Insights: The Power Electronics Software Market is Predict to reach USD 6.94 Billion by 2032, at a CAGR of 9.6%

Country Outlook

The U.S. power electronics software market is growing quickly because of the growth of digital infrastructure, the electrification of transportation, and the modernization of the grid. The rise in electric vehicle use increases the need for software that works with inverters, chargers, and energy management systems. At the same time, federal programs to expand charging networks highlight the need for smart grid integration tools. Utilities are using more advanced modeling, simulation, and digital twin platforms to run grids that are mostly made up of converters and renewable energy sources in a way that makes them more resilient and efficient. At the same time, data centers and AI workloads put even more strain on power systems, so optimization software is necessary for reliability and scalability. Global companies that offer end-to-end solutions, such as model-based design and hardware-in-the-loop testing, are leading the way in the race for next-generation power devices.

List of Key Companies Profiled

• The MathWorks, Inc.
• Keysight Technologies, Inc.
• Cadence Design Systems, Inc.
• Synopsys, Inc.
• Altair Engineering Inc.
• Infineon Technologies AG
• Texas Instruments, Inc.
• ABB Ltd.
• ON Semiconductor Corporation
• Renesas Electronics Corporation

North America Power Electronics Software Market Report Segmentation

By Technology

• Model-Based Design (MBD)
• Rapid Control Prototyping (RCP)
• Hardware-In-The-Loop (HIL) Simulation
• Embedded System Prototyping
• Other Technology

By Application

• Industrial
• Automotive
• Renewable Energy
• Consumer Electronics
• Aerospace & Defense
• Other Application

By Type

• Simulation Software
• Design Software
• Control Software
• Analysis Software

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Power Electronics Software Market, by Technology
1.4.2 North America Power Electronics Software Market, by Application
1.4.3 North America Power Electronics Software Market, by Type
1.4.4 North America Power Electronics Software Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario 
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Market Trends – Power Electronics Software Market
Chapter 5. State of Competition – Power Electronics Software Market
Chapter 6. Product Life Cycle – Power Electronics Software Market
Chapter 7. Market Consolidation – Power Electronics Software Market
Chapter 8. Competition Analysis - Global
8.1 KBV Cardinal Matrix
8.2 Recent Industry Wide Strategic Developments
8.2.1 Partnerships, Collaborations and Agreements
8.2.2 Product Launches and Product Expansions
8.2.3 Acquisition and Mergers
8.3 Market Share Analysis, 2024
8.4 Top Winning Strategies
8.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
8.5 Porter Five Forces Analysis

Chapter 9. Value Chain Analysis of Power Electronics Software Market
9.1 Upstream Components & Materials
9.2 Design-for-Testing & Test Methodology
9.3 Automatic Test Equipment (ATE)
9.4 Prototype & Device-Level Testing
9.5 System-Level & Production Testing
9.6 Testing Services & Certification
9.7 Data Analysis, Feedback & Continuous Improvement

Chapter 10. Key Customer Criteria – Power Electronics Software Market
Chapter 11. North America Power Electronics Software Market by Technology
11.1 North America Model-Based Design (MBD) Market by Country
11.2 North America Rapid Control Prototyping (RCP) Market by Country
11.3 North America Hardware-In-The-Loop (HIL) Simulation Market by Country
11.4 North America Embedded System Prototyping Market by Country
11.5 North America Other Technology Market by Country

Chapter 12. North America Power Electronics Software Market by Application
12.1 North America Industrial Market by Country
12.2 North America Automotive Market by Country
12.3 North America Renewable Energy Market by Country
12.4 North America Consumer Electronics Market by Country
12.5 North America Aerospace & Defense Market by Country
12.6 North America Other Application Market by Country

Chapter 13. North America Power Electronics Software Market by Type
13.1 North America Simulation Software Market by Country
13.2 North America Design Software Market by Country
13.3 North America Control Software Market by Country
13.4 North America Analysis Software Market by Country

Chapter 14. North America Power Electronics Software Market by Country
14.1 US Power Electronics Software Market
14.1.1 US Power Electronics Software Market by Technology
14.1.2 US Power Electronics Software Market by Application
14.1.3 US Power Electronics Software Market by Type
14.2 Canada Power Electronics Software Market
14.2.1 Canada Power Electronics Software Market by Technology
14.2.2 Canada Power Electronics Software Market by Application
14.2.3 Canada Power Electronics Software Market by Type
14.3 Mexico Power Electronics Software Market
14.3.1 Mexico Power Electronics Software Market by Technology
14.3.2 Mexico Power Electronics Software Market by Application
14.3.3 Mexico Power Electronics Software Market by Type
14.4 Rest of North America Power Electronics Software Market
14.4.1 Rest of North America Power Electronics Software Market by Technology
14.4.2 Rest of North America Power Electronics Software Market by Application
14.4.3 Rest of North America Power Electronics Software Market by Type

Chapter 15. Company Profiles
15.1 The MathWorks, Inc.
15.1.1 Company Overview
15.1.2 Recent strategies and developments:
15.1.2.1 Partnerships, Collaborations, and Agreements:
15.1.3 SWOT Analysis
15.2 Keysight Technologies, Inc.
15.2.1 Company Overview
15.2.2 Financial Analysis
15.2.3 Segmental and Regional Analysis
15.2.4 Research & Development Expenses
15.2.5 Recent strategies and developments:
15.2.5.1 Product Launches and Product Expansions:
15.2.6 SWOT Analysis
15.3 Cadence Design Systems, Inc.
15.3.1 Company Overview
15.3.2 Financial Analysis
15.3.3 Regional Analysis
15.3.4 Research & Development Expense
15.3.5 SWOT Analysis
15.4 Synopsys, Inc.
15.4.1 Company Overview
15.4.2 Financial Analysis
15.4.3 Segmental and Regional Analysis
15.4.4 Research & Development Expenses
15.4.5 Recent strategies and developments:
15.4.5.1 Partnerships, Collaborations, and Agreements:
15.5 ALTAIR ENGINEERING INC.
15.5.1 Company Overview
15.5.2 Financial Analysis
15.5.3 Segmental and Regional Analysis
15.5.4 Research & Development Expenses
15.5.5 Recent strategies and developments:
15.5.5.1 Product Launches and Product Expansions:
15.5.5.2 Acquisition and Mergers:
15.6 Infineon Technologies AG
15.6.1 Company Overview
15.6.2 Financial Analysis
15.6.3 Segmental and Regional Analysis
15.6.4 Research & Development Expense
15.6.5 Recent strategies and developments:
15.6.5.1 Partnerships, Collaborations, and Agreements:
15.6.6 SWOT Analysis
15.7 Texas Instruments, Inc.
15.7.1 Company Overview
15.7.2 Financial Analysis
15.7.3 Segmental and Regional Analysis
15.7.4 Research & Development Expense
15.7.5 SWOT Analysis
15.8 ABB Ltd.
15.8.1 Company Overview
15.8.2 Financial Analysis
15.8.3 Segmental and Regional Analysis
15.8.4 Research & Development Expenses
15.8.5 Recent strategies and developments:
15.8.5.1 Acquisition and Mergers:
15.8.6 SWOT Analysis
15.9 ON Semiconductor Corporation
15.9.1 Company Overview
15.9.2 Financial Analysis
15.9.3 Segmental and Regional Analysis
15.9.4 Research & Development Expense
15.9.5 SWOT Analysis
15.10. Renesas Electronics Corporation
15.10.1 Company Overview
15.10.2 Financial Analysis
15.10.3 Segmental and Regional Analysis
15.10.4 Research & Development Expense
15.10.5 Recent strategies and developments:
15.10.5.1 Acquisition and Mergers:
15.10.6 SWOT Analysis

TABLE 1 North America Power Electronics Software Market, 2021 - 2024, USD Million
TABLE 2 North America Power Electronics Software Market, 2025 - 2032, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Power Electronics Software Market
TABLE 4 Product Launches And Product Expansions– Power Electronics Software Market
TABLE 5 Acquisition and Mergers– Power Electronics Software Market
TABLE 6 Key Customer Criteria – Power Electronics Software Market
TABLE 7 North America Power Electronics Software Market by Technology, 2021 - 2024, USD Million
TABLE 8 North America Power Electronics Software Market by Technology, 2025 - 2032, USD Million
TABLE 9 North America Model-Based Design (MBD) Market by Country, 2021 - 2024, USD Million
TABLE 10 North America Model-Based Design (MBD) Market by Country, 2025 - 2032, USD Million
TABLE 11 North America Rapid Control Prototyping (RCP) Market by Country, 2021 - 2024, USD Million
TABLE 12 North America Rapid Control Prototyping (RCP) Market by Country, 2025 - 2032, USD Million
TABLE 13 North America Hardware-In-The-Loop (HIL) Simulation Market by Country, 2021 - 2024, USD Million
TABLE 14 North America Hardware-In-The-Loop (HIL) Simulation Market by Country, 2025 - 2032, USD Million
TABLE 15 North America Embedded System Prototyping Market by Country, 2021 - 2024, USD Million
TABLE 16 North America Embedded System Prototyping Market by Country, 2025 - 2032, USD Million
TABLE 17 North America Other Technology Market by Country, 2021 - 2024, USD Million
TABLE 18 North America Other Technology Market by Country, 2025 - 2032, USD Million
TABLE 19 North America Power Electronics Software Market by Application, 2021 - 2024, USD Million
TABLE 20 North America Power Electronics Software Market by Application, 2025 - 2032, USD Million
TABLE 21 North America Industrial Market by Country, 2021 - 2024, USD Million
TABLE 22 North America Industrial Market by Country, 2025 - 2032, USD Million
TABLE 23 North America Automotive Market by Country, 2021 - 2024, USD Million
TABLE 24 North America Automotive Market by Country, 2025 - 2032, USD Million
TABLE 25 North America Renewable Energy Market by Country, 2021 - 2024, USD Million
TABLE 26 North America Renewable Energy Market by Country, 2025 - 2032, USD Million
TABLE 27 North America Consumer Electronics Market by Country, 2021 - 2024, USD Million
TABLE 28 North America Consumer Electronics Market by Country, 2025 - 2032, USD Million
TABLE 29 North America Aerospace & Defense Market by Country, 2021 - 2024, USD Million
TABLE 30 North America Aerospace & Defense Market by Country, 2025 - 2032, USD Million
TABLE 31 North America Other Application Market by Country, 2021 - 2024, USD Million
TABLE 32 North America Other Application Market by Country, 2025 - 2032, USD Million
TABLE 33 North America Power Electronics Software Market by Type, 2021 - 2024, USD Million
TABLE 34 North America Power Electronics Software Market by Type, 2025 - 2032, USD Million
TABLE 35 North America Simulation Software Market by Country, 2021 - 2024, USD Million
TABLE 36 North America Simulation Software Market by Country, 2025 - 2032, USD Million
TABLE 37 North America Design Software Market by Country, 2021 - 2024, USD Million
TABLE 38 North America Design Software Market by Country, 2025 - 2032, USD Million
TABLE 39 North America Control Software Market by Country, 2021 - 2024, USD Million
TABLE 40 North America Control Software Market by Country, 2025 - 2032, USD Million
TABLE 41 North America Analysis Software Market by Country, 2021 - 2024, USD Million
TABLE 42 North America Analysis Software Market by Country, 2025 - 2032, USD Million
TABLE 43 North America Power Electronics Software Market by Country, 2021 - 2024, USD Million
TABLE 44 North America Power Electronics Software Market by Country, 2025 - 2032, USD Million
TABLE 45 US Power Electronics Software Market, 2021 - 2024, USD Million
TABLE 46 US Power Electronics Software Market, 2025 - 2032, USD Million
TABLE 47 US Power Electronics Software Market by Technology, 2021 - 2024, USD Million
TABLE 48 US Power Electronics Software Market by Technology, 2025 - 2032, USD Million
TABLE 49 US Power Electronics Software Market by Application, 2021 - 2024, USD Million
TABLE 50 US Power Electronics Software Market by Application, 2025 - 2032, USD Million
TABLE 51 US Power Electronics Software Market by Type, 2021 - 2024, USD Million
TABLE 52 US Power Electronics Software Market by Type, 2025 - 2032, USD Million
TABLE 53 Canada Power Electronics Software Market, 2021 - 2024, USD Million
TABLE 54 Canada Power Electronics Software Market, 2025 - 2032, USD Million
TABLE 55 Canada Power Electronics Software Market by Technology, 2021 - 2024, USD Million
TABLE 56 Canada Power Electronics Software Market by Technology, 2025 - 2032, USD Million
TABLE 57 Canada Power Electronics Software Market by Application, 2021 - 2024, USD Million
TABLE 58 Canada Power Electronics Software Market by Application, 2025 - 2032, USD Million
TABLE 59 Canada Power Electronics Software Market by Type, 2021 - 2024, USD Million
TABLE 60 Canada Power Electronics Software Market by Type, 2025 - 2032, USD Million
TABLE 61 Mexico Power Electronics Software Market, 2021 - 2024, USD Million
TABLE 62 Mexico Power Electronics Software Market, 2025 - 2032, USD Million
TABLE 63 Mexico Power Electronics Software Market by Technology, 2021 - 2024, USD Million
TABLE 64 Mexico Power Electronics Software Market by Technology, 2025 - 2032, USD Million
TABLE 65 Mexico Power Electronics Software Market by Application, 2021 - 2024, USD Million
TABLE 66 Mexico Power Electronics Software Market by Application, 2025 - 2032, USD Million
TABLE 67 Mexico Power Electronics Software Market by Type, 2021 - 2024, USD Million
TABLE 68 Mexico Power Electronics Software Market by Type, 2025 - 2032, USD Million
TABLE 69 Rest of North America Power Electronics Software Market, 2021 - 2024, USD Million
TABLE 70 Rest of North America Power Electronics Software Market, 2025 - 2032, USD Million
TABLE 71 Rest of North America Power Electronics Software Market by Technology, 2021 - 2024, USD Million
TABLE 72 Rest of North America Power Electronics Software Market by Technology, 2025 - 2032, USD Million
TABLE 73 Rest of North America Power Electronics Software Market by Application, 2021 - 2024, USD Million
TABLE 74 Rest of North America Power Electronics Software Market by Application, 2025 - 2032, USD Million
TABLE 75 Rest of North America Power Electronics Software Market by Type, 2021 - 2024, USD Million
TABLE 76 Rest of North America Power Electronics Software Market by Type, 2025 - 2032, USD Million
TABLE 77 Key Information – The MathWorks, Inc.
TABLE 78 Key Information – Keysight Technologies, Inc.
TABLE 79 Key Information – Cadence Design Systems, Inc.
TABLE 80 key information – Synopsys, Inc.
TABLE 81 Key Information – ALTAIR ENGINEERING INC.
TABLE 82 Key Information – Infineon Technologies AG
TABLE 83 Key Information – Texas Instruments, Inc.
TABLE 84 Key Information – ABB Ltd.
TABLE 85 Key Information – ON Semiconductor Corporation
TABLE 86 Key Information – Renesas Electronics Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Power Electronics Software Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting – Power Electronics Software Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2024
FIG 6 Key Leading Strategies: Percentage Distribution (2021-2025)
FIG 7 Porter’s Five Forces Analysis – Power Electronics Software Market
FIG 8 Value Chain Analysis of Power Electronics Software Market
FIG 9 Key Customer Criteria – Power Electronics Software Market
FIG 10 North America Power Electronics Software Market Share by Technology, 2024
FIG 11 North America Power Electronics Software Market Share by Technology, 2032
FIG 12 North America Power Electronics Software Market by Technology, 2021 - 2032, USD Million
FIG 13 North America Power Electronics Software Market Share by Application, 2024
FIG 14 North America Power Electronics Software Market Share by Application, 2032
FIG 15 North America Power Electronics Software Market by Application, 2021 - 2032, USD Million
FIG 16 North America Power Electronics Software Market Share by Type, 2024
FIG 17 North America Power Electronics Software Market Share by Type, 2032
FIG 18 North America Power Electronics Software Market by Type, 2021 - 2032, USD Million
FIG 19 North America Power Electronics Software Market Share by Country, 2024
FIG 20 North America Power Electronics Software Market Share by Country, 2032
FIG 21 North America Power Electronics Software Market by Country, 2021 - 2032, USD Million
FIG 22 Swot Analysis: The MathWorks, Inc.
FIG 23 SWOT Analysis: Keysight Technologies, Inc.
FIG 24 SWOT Analysis: Cadence Design Systems, Inc.
FIG 25 Recent strategies and developments: Altair Engineering Inc.
FIG 26 SWOT Analysis: Infineon Technologies AG
FIG 27 SWOT Analysis: Texas Instruments, Inc.
FIG 28 SWOT Analysis: ABB ltd.
FIG 29 SWOT Analysis: ON Semiconductor Corporation
FIG 30 SWOT Analysis: Renesas Electronics Corporation