PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1874224
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1874224
Global Power Electronics Software Market Size study & Forecast, by Technology and Type (Control Software, Design Software, Analysis Software, Simulation Software) by Application and Regional Forecasts 2022-2032
The Global Power Electronics Software Market is valued at approximately USD 3.56 billion in 2024 and is anticipated to grow at a robust CAGR of 9.8% over the forecast period 2025-2035. Power electronics software encompasses specialized platforms and tools that optimize the design, control, simulation, and analysis of power electronic systems used across industrial, automotive, and renewable energy applications. These software solutions facilitate the development of highly efficient converters, inverters, and controllers while ensuring system reliability, energy optimization, and compliance with evolving regulatory standards. Market growth is driven by the surge in electrification, the adoption of renewable energy technologies, and increasing demand for advanced automotive powertrains requiring precise power management.
The rising adoption of electric vehicles, coupled with the growing emphasis on smart grids and renewable energy integration, has intensified the demand for sophisticated power electronics software solutions. Manufacturers increasingly rely on simulation and analysis tools to reduce design cycles, enhance efficiency, and minimize system failures. Moreover, the proliferation of IoT-enabled and AI-driven power electronics systems has created a need for intelligent software capable of handling complex control and optimization tasks. Despite the high initial cost of specialized software solutions, the long-term operational benefits and efficiency gains continue to encourage widespread adoption across sectors.
The detailed segments and sub-segments included in the report are:
By Technology:
- Hardware
- Embedded Software
- Cloud-Based Platforms
By Type:
- Control Software
- Design Software
- Analysis Software
- Simulation Software
By Application:
- Automotive
- Industrial
- Renewable Energy
- Consumer Electronics
By Region:
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Control Software is Expected to Dominate the Market
Control software is the cornerstone of power electronics systems, facilitating precise management of converters, inverters, and motor drives. This segment holds the largest market share, driven by increasing electrification in automotive applications and industrial automation. Control software enables optimized performance, stability, and energy efficiency across complex electronic systems. While other software types like design and simulation solutions are gaining traction for development purposes, control software remains critical for operational functionality and end-to-end system integration.
Simulation Software Leads in Revenue Contribution
While control software dominates adoption, simulation software generates the highest revenue contribution due to its indispensable role in system design validation, performance optimization, and risk mitigation. Companies increasingly leverage simulation platforms to forecast operational behavior, minimize physical prototyping costs, and accelerate product development cycles. As power electronics systems grow in complexity-particularly in automotive EVs and renewable energy applications-simulation software continues to command a significant share of market revenues, underscoring its strategic importance.
North America represents a major market for power electronics software, driven by a strong automotive and industrial electronics base, early adoption of EVs, and advanced R&D infrastructure. Asia Pacific is projected to witness the fastest growth over the forecast period, propelled by expanding automotive electrification, renewable energy deployment, and semiconductor integration in countries such as China, India, and Japan. Europe maintains steady growth due to its mature automotive sector, commitment to energy efficiency, and widespread adoption of advanced industrial automation technologies.
Major market players included in this report are:
- MathWorks, Inc.
- Siemens AG
- ABB Ltd.
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Texas Instruments Incorporated
- Infineon Technologies AG
- STMicroelectronics N.V.
- Cadence Design Systems, Inc.
- ANSYS, Inc.
- National Instruments Corporation
- Renesas Electronics Corporation
- Altium Limited
- Power Electronics Software Solutions, Inc.
Global Power Electronics Software Market Report Scope:
- Historical Data - 2023, 2024
- Base Year for Estimation - 2024
- Forecast period - 2025-2035
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments and countries in recent years and to forecast their values for the coming decade. The report incorporates both qualitative and quantitative analyses within the regions studied. It also provides detailed insights into market drivers, challenges, and emerging opportunities. Additionally, it delivers a comprehensive assessment of the competitive landscape, highlighting the product offerings and strategic initiatives of key players.
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2025 to 2035.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of the geographical landscape with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of the competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Power Electronics Software Market Report Scope & Methodology
- 1.1. Research Objective
- 1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
- 1.3. Research Attributes
- 1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
- 1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
- 2.1. CEO/CXO Standpoint
- 2.2. Strategic Insights
- 2.3. ESG Analysis
- 2.4. key Findings
Chapter 3. Global Power Electronics Software Market Forces Analysis
- 3.1. Market Forces Shaping The Global Power Electronics Software Market (2024-2035)
- 3.2. Drivers
- 3.2.1. Surging need of development of highly efficient converters
- 3.2.2. surge in electrification
- 3.3. Restraints
- 3.3.1. high initial cost of specialized software solutions
- 3.4. Opportunities
- 3.4.1. adoption of renewable energy technologies
Chapter 4. Global Power Electronics Software Industry Analysis
- 4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Forecast Model (2024-2035)
- 4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top Investment Opportunities
- 4.5. Top Winning Strategies (2025)
- 4.6. Market Share Analysis (2024-2025)
- 4.7. Global Pricing Analysis And Trends 2025
- 4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Power Electronics Software Market Size & Forecasts by Technology 2025-2035
- 5.1. Market Overview
- 5.2. Global Power Electronics Software Market Performance - Potential Analysis (2025)
- 5.3. Hardware
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
- 5.4. Embedded Software
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
- 5.5. Cloud-Based Platforms
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
Chapter 6. Global Power Electronics Software Market Size & Forecasts by Type 2025-2035
- 6.1. Market Overview
- 6.2. Global Power Electronics Software Market Performance - Potential Analysis (2025)
- 6.3. Control Software
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
- 6.4. Design Software
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
- 6.5. Analysis Software
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
- 6.6. Simulation Software
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035
Chapter 7. Global Power Electronics Software Market Size & Forecasts by Application 2025-2035
- 7.1. Market Overview
- 7.2. Global Power Electronics Software Market Performance - Potential Analysis (2025)
- 7.3. Automotive
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
- 7.4. Industrial
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
- 7.5. Renewable Energy
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
- 7.6. Consumer Electronics
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035
Chapter 8. Global Power Electronics Software Market Size & Forecasts by Region 2025-2035
- 8.1. Growth Power Electronics Software Market, Regional Market Snapshot
- 8.2. Top Leading & Emerging Countries
- 8.3. North America Power Electronics Software Market
- 8.3.1. U.S. Power Electronics Software Market
- 8.3.1.1. Technology breakdown size & forecasts, 2025-2035
- 8.3.1.2. Type breakdown size & forecasts, 2025-2035
- 8.3.1.3. Application breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Power Electronics Software Market
- 8.3.2.1. Technology breakdown size & forecasts, 2025-2035
- 8.3.2.2. Type breakdown size & forecasts, 2025-2035
- 8.3.2.3. Application breakdown size & forecasts, 2025-2035
- 8.3.1. U.S. Power Electronics Software Market
- 8.4. Europe Power Electronics Software Market
- 8.4.1. UK Power Electronics Software Market
- 8.4.1.1. Technology breakdown size & forecasts, 2025-2035
- 8.4.1.2. Type breakdown size & forecasts, 2025-2035
- 8.4.1.3. Application breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Power Electronics Software Market
- 8.4.2.1. Technology breakdown size & forecasts, 2025-2035
- 8.4.2.2. Type breakdown size & forecasts, 2025-2035
- 8.4.2.3. Application breakdown size & forecasts, 2025-2035
- 8.4.3. France Power Electronics Software Market
- 8.4.3.1. Technology breakdown size & forecasts, 2025-2035
- 8.4.3.2. Type breakdown size & forecasts, 2025-2035
- 8.4.3.3. Application breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Power Electronics Software Market
- 8.4.4.1. Technology breakdown size & forecasts, 2025-2035
- 8.4.4.2. Type breakdown size & forecasts, 2025-2035
- 8.4.4.3. Application breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Power Electronics Software Market
- 8.4.5.1. Technology breakdown size & forecasts, 2025-2035
- 8.4.5.2. Type breakdown size & forecasts, 2025-2035
- 8.4.5.3. Application breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Power Electronics Software Market
- 8.4.6.1. Technology breakdown size & forecasts, 2025-2035
- 8.4.6.2. Type breakdown size & forecasts, 2025-2035
- 8.4.6.3. Application breakdown size & forecasts, 2025-2035
- 8.4.1. UK Power Electronics Software Market
- 8.5. Asia Pacific Power Electronics Software Market
- 8.5.1. China Power Electronics Software Market
- 8.5.1.1. Technology breakdown size & forecasts, 2025-2035
- 8.5.1.2. Type breakdown size & forecasts, 2025-2035
- 8.5.1.3. Application breakdown size & forecasts, 2025-2035
- 8.5.2. India Power Electronics Software Market
- 8.5.2.1. Technology breakdown size & forecasts, 2025-2035
- 8.5.2.2. Type breakdown size & forecasts, 2025-2035
- 8.5.2.3. Application breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Power Electronics Software Market
- 8.5.3.1. Technology breakdown size & forecasts, 2025-2035
- 8.5.3.2. Type breakdown size & forecasts, 2025-2035
- 8.5.3.3. Application breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Power Electronics Software Market
- 8.5.4.1. Technology breakdown size & forecasts, 2025-2035
- 8.5.4.2. Type breakdown size & forecasts, 2025-2035
- 8.5.4.3. Application breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Power Electronics Software Market
- 8.5.5.1. Technology breakdown size & forecasts, 2025-2035
- 8.5.5.2. Type breakdown size & forecasts, 2025-2035
- 8.5.5.3. Application breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Power Electronics Software Market
- 8.5.6.1. Technology breakdown size & forecasts, 2025-2035
- 8.5.6.2. Type breakdown size & forecasts, 2025-2035
- 8.5.6.3. Application breakdown size & forecasts, 2025-2035
- 8.5.1. China Power Electronics Software Market
- 8.6. Latin America Power Electronics Software Market
- 8.6.1. Brazil Power Electronics Software Market
- 8.6.1.1. Technology breakdown size & forecasts, 2025-2035
- 8.6.1.2. Type breakdown size & forecasts, 2025-2035
- 8.6.1.3. Application breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Power Electronics Software Market
- 8.6.2.1. Technology breakdown size & forecasts, 2025-2035
- 8.6.2.2. Type breakdown size & forecasts, 2025-2035
- 8.6.2.3. Application breakdown size & forecasts, 2025-2035
- 8.6.1. Brazil Power Electronics Software Market
- 8.7. Middle East and Africa Power Electronics Software Market
- 8.7.1. UAE Power Electronics Software Market
- 8.7.1.1. Technology breakdown size & forecasts, 2025-2035
- 8.7.1.2. Type breakdown size & forecasts, 2025-2035
- 8.7.1.3. Application breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Power Electronics Software Market
- 8.7.2.1. Technology breakdown size & forecasts, 2025-2035
- 8.7.2.2. Type breakdown size & forecasts, 2025-2035
- 8.7.2.3. Application breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Power Electronics Software Market
- 8.7.3.1. Technology breakdown size & forecasts, 2025-2035
- 8.7.3.2. Type breakdown size & forecasts, 2025-2035
- 8.7.3.3. Application breakdown size & forecasts, 2025-2035
- 8.7.1. UAE Power Electronics Software Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. MathWorks, Inc.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
- 9.3. Siemens AG
- 9.4. ABB Ltd.
- 9.5. Schneider Electric SE
- 9.6. Mitsubishi Electric Corporation
- 9.7. Rockwell Automation, Inc.
- 9.8. Texas Instruments Incorporated
- 9.9. Infineon Technologies AG
- 9.10. STMicroelectronics N.V.
- 9.11. Cadence Design Systems, Inc.
- 9.12. ANSYS, Inc.
- 9.13. National Instruments Corporation
- 9.14. Renesas Electronics Corporation
- 9.15. Altium Limited
- 9.16. Power Electronics Software Solutions, Inc.
