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

Power Electronics Software Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Power Electronics Software Market size is expected to reach USD 6.94 billion by 2032, rising at a market growth of 9.6% CAGR during the forecast period.

The competitive landscape of the global power electronics software market is defined by a dynamic interplay between established players and emerging innovators. Large multinational OEMs hold a strong position due to their deep integration of software with hardware platforms, established brand presence, and investment in global service networks. Their offerings often feature comprehensive toolchains that span design, simulation, testing, and real-time monitoring, creating an ecosystem that appeals to customers seeking end-to-end solutions.

The Model-Based Design (MBD) segment is experiencing a CAGR of 8.1 % during the forecast period. Model-based design is widely adopted in the power electronics software market due to its ability to simplify complex system development through simulation and modeling. This technology allows engineers to design, test, and validate control systems in a virtual environment before moving to hardware implementation.

The Industrial segment led the maximum revenue in the Global Power Electronics Software Market by Application in 2024, thereby, achieving a market value of USD 2.38 billion by 2032. The industrial sector represents a major application area for power electronics software, with extensive use in automation, robotics, manufacturing processes, and large-scale machinery. These software solutions enable industries to manage power conversion, distribution, and monitoring with high levels of precision.

The Simulation Software segment is growing at a CAGR of 8.1 % during the forecast period. Simulation software is a cornerstone of the power electronics software market, enabling engineers and researchers to model and test complex power systems in a virtual environment before physical implementation. This type of software allows for detailed analysis of circuit behavior, thermal performance, and system dynamics under varying conditions.

Full Report: https://www.kbvresearch.com/power-electronics-software-market/

The Asia Pacific region dominated the Global Power Electronics Software Market by Region in 2024, thereby, achieving a market value of USD 2.83 billion by 2032. The North America region is anticipated to grow a CAGR of 9.3% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 8.9% during (2025 - 2032).

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

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 Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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