パワーエレクトロニクスソフトウェア市場 – 2030年までの世界予測

Power Electronics Software Market - Global Forecast To 2030

パワーエレクトロニクスソフトウェア市場 - 設計ソフトウェア、シミュレーションソフトウェア、解析ソフトウェア、制御ソフトウェア、ラピッドコントロールプロトタイピング、組み込みシステムプロトタイピング、モデルベースデザイン、自動車および再生可能エネルギー - 2030年までの世界予測
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

商品番号 : SMB-73305

出版社MarketsandMarkets
出版年月2025年2月
ページ数253
図表数298
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The power electronics software market is expected to grow from USD 3.33 billion in 2025 to USD 5.25 billion in 2030, at a CAGR of 9.5% during the forecast period.

パワーエレクトロニクスソフトウェア市場は、予測期間中に9.5%のCAGRで、2025年の33億3,000万米ドルから2030年には52億5,000万米ドルに成長すると予想されています。

パワーエレクトロニクスソフトウェア市場 - 2030年までの世界予測
power-electronics-software-market

The major drivers contributing to the market growth are increasing demand for industrial automation and robotics, the growing shift towards electric vehicles, and the increasing adoption of renewable energy sources across diverse industries such as industrial, automotive, and consumer electronics.

市場の成長に寄与する主な要因は、産業オートメーションとロボット工学に対する需要の増加、電気自動車への移行の拡大、産業、自動車、家庭用電化製品などのさまざまな業界における再生可能エネルギー源の採用の増加です。

パワーエレクトロニクスソフトウェア市場 - 2030年までの世界予測 12
power-electronics-software-market-impact

Rapid control prototyping technology is expected to grow at the second-highest CAGR during the forecast period

Rapid control prototyping (RCP) technology is expected to grow at the second-highest CAGR in the power electronics software market over the forecast period as it accelerates product development and enhances system design efficiency. Rapid control prototyping allows engineers to experiment quickly and validate control algorithms on real hardware without having to do lots of hand coding. This technology provides significant advantages by reducing the development cycle. The technology also helps to accelerate innovation within applications like EVs, renewable energy systems, and industrial automation, which have tremendous growth potential. The growth in the use of power electronic systems requires technologically advanced solutions such as RCP to be energy efficient. The RCP technology simulates and tests complex designs in real-world conditions for optimal performance and reliability before actual implementation. Moreover, with the increasing application of technologies like wide-bandgap semiconductors (SiC and GaN) and smart grid systems, accurate control mechanisms are required, RCP is one of the technologies used in designing these control mechanisms. Furthermore, flexibility, cost-effectiveness, and seamless integration with other software tools are some of the factors responsible for the growth of RCP technology in the power electronics software market during the forecast period.

The automotive segment is expected to grow at the highest CAGR during the forecast period

The automotive segment is expected to record the highest CAGR in the power electronics software market during the forecast period. This is mainly because of the increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). As the trend toward sustainability and carbon neutrality goes up rapidly, manufacturers continue investing more resources into electrification technologies, which rely on power electronics for more efficient energy conversion, battery management, and motor control. Power electronics software is critical for designing and simulating these systems. The manufacturers use power electronics software to optimize performance, minimize energy losses, and enhance thermal management. Another factor propelling the growth of the advanced simulation and design software market in the automotive segment is the increasing demand for wide-bandgap semiconductors such as silicon carbide (SiC) and gallium nitride (GaN). Additionally, advanced driver-assistance systems (ADAS), connected car technologies, and autonomous driving systems have increased complexity in automotive electronics, thus requiring sophisticated software solutions for reliability and adherence to strict safety standards. Furthermore, the automotive segment accounts for a considerable share of the power electronics software market owing to significant growth in the production of electric vehicles in countries such as the US and China.

パワーエレクトロニクスソフトウェア市場 - 2030年までの世界予測 region
power-electronics-software-market-region

North America is expected to witness the second-highest CAGR during the forecast period

North America is expected to witness the second-highest CAGR in the power electronics software market during the forecast period, owing to the growing adoption of electric vehicles, renewable energy systems, and advancements in industrial automation. The North American region is experiencing significant investments in clean energy initiatives, smart grids, and next-generation power infrastructure, leading to a higher demand for advanced power electronics software solutions. Increasingly, electrification in the automotive industry, with companies like Tesla, General Motors, and Ford speeding up the production of electric vehicles, requires more complex software to optimize powertrains, manage batteries, and achieve energy efficiency. Growing data centers, 5G infrastructure, and aerospace & defense applications boost the demand for power electronics software in the region. Moreover, strong government incentives and investments in wide-bandgap semiconductors, including SiC and GaN, propel growth for the power electronics software market in the region.

Breakdown of Primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the profile of primary participants in the power electronics software market:

  • By Company Type: Tier 1 – 25%, Tier 2 – 35%, Tier 3 – 40%
  • By Designation Type: C Level – 40%, Director Level – 30%, Others – 30%
  • By Region Type: North America – 40%, Europe – 25%, Asia Pacific – 20%, Rest of the World – 15%

The major players in the power electronics software market with a significant global presence include The MathWorks, Inc. (US), Keysight Technologies (US), Cadence Design Systems, Inc. (US), Synopsys, Inc. (US), and Altair Engineering Inc. (US).

パワーエレクトロニクスソフトウェア市場 - 2030年までの世界予測 ecosystem
power-electronics-software-market-ecosystem

Research Coverage

The report segments the power electronics software market and forecasts its size by type, technology, application, and region. It also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth and covers qualitative and quantitative aspects of the market.

Reasons to buy the report:

The report will help market leaders and new entrants with information on the closest approximate revenues for the overall power electronics software market and related segments. It will also help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing adoption of renewable energy sources, growing shift towards electric vehicles, and advancements in semiconductor technologies), restraints (High initial cost of power electronics software and complexity and threat of data leakage), opportunities (Increasing growth of industrial automation and robotics, global expansion of smart homes and buildings), and challenges (Issues in integration and compatibility, lack of skilled professionals)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new solution and service launches in the power electronics software market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the power electronics software market across varied regions
  • Market Diversification: Exhaustive information about new solutions and services, untapped geographies, recent developments, and investments in the power electronics software market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and solution and service offerings of leading players, including The MathWorks, Inc. (US), Keysight Technologies (US), Cadence Design Systems, Inc. (US), Synopsys, Inc. (US), and Altair Engineering Inc. (US)

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      27

1.4           CURRENCY CONSIDERED            28

1.5           STAKEHOLDERS               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH DATA              29

2.1.1        SECONDARY DATA          30

2.1.1.1    Major secondary sources     30

2.1.1.2    Key data from secondary sources       31

2.1.2        PRIMARY DATA 31

2.1.2.1    List of primary interview participants               31

2.1.2.2    Breakdown of primary interviews      32

2.1.2.3    Key data from primary sources           32

2.1.3        SECONDARY AND PRIMARY RESEARCH 33

2.1.3.1    Key industry insights           34

2.2           MARKET SIZE ESTIMATION METHODOLOGY     34

2.2.1        BOTTOM-UP APPROACH              34

2.2.1.1    Approach to arrive at market size using bottom-up analysis (demand side)       34

2.2.2        TOP-DOWN APPROACH                35

2.2.2.1    Approach to arrive at market size using top-down analysis (supply side)        35

2.3           FACTOR ANALYSIS          36

2.3.1        DEMAND-SIDE ANALYSIS             36

2.3.2        SUPPLY-SIDE ANALYSIS                 36

2.4           MARKET BREAKDOWN AND DATA TRIANGULATION                 37

2.5           RESEARCH ASSUMPTIONS           39

2.6           RISK ANALYSIS  40

2.7           RESEARCH LIMITATIONS             40

3               EXECUTIVE SUMMARY  41

4               PREMIUM INSIGHTS       45

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER ELECTRONICS SOFTWARE MARKET        45

4.2           POWER ELECTRONICS SOFTWARE MARKET, BY TYPE                 46

4.3           POWER ELECTRONICS SOFTWARE MARKET, BY TECHNOLOGY  46

4.4           POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION   47

4.5           POWER ELECTRONICS SOFTWARE MARKET, BY REGION                 47

4.6           POWER ELECTRONICS SOFTWARE MARKET, BY COUNTRY            48

5               MARKET OVERVIEW       49

5.1           INTRODUCTION              49

5.2           MARKET DYNAMICS       49

5.2.1        DRIVERS               50

5.2.1.1    Increasing adoption of renewable energy sources           50

5.2.1.2    Growing shift towards electric vehicles             50

5.2.1.3    Advancements in semiconductor technologies                 50

5.2.2        RESTRAINTS      52

5.2.2.1    High initial cost of power electronics software                 52

5.2.2.2    Complexity and threat of data leakage              52

5.2.3        OPPORTUNITIES              53

5.2.3.1    Growth of industrial automation and robotics 53

5.2.3.2    Global expansion of smart homes and buildings             54

5.2.4        CHALLENGES    55

5.2.4.1    Issues with integration and compatibility         55

5.2.4.2    Lack of skilled professionals                55

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            56

5.4           PRICING ANALYSIS          57

5.4.1        AVERAGE SELLING PRICE OF KEY PLAYERS, BY TECHNOLOGY  57

5.4.2        AVERAGE SELLING PRICE TREND, BY REGION, 2021–2024                 59

5.5           VALUE CHAIN ANALYSIS               61

5.6           ECOSYSTEM ANALYSIS  64

5.7           TECHNOLOGY ANALYSIS             65

5.7.1        KEY TECHNOLOGIES     65

5.7.1.1    Electromagnetic interference (EMI) analysis  65

5.7.1.2    Power loss and efficiency modeling   66

5.7.2        COMPLEMENTARY TECHNOLOGIES       67

5.7.2.1    Digital signal processing     67

5.7.2.2    PCB design and layout software         68

5.7.3        ADJACENT TECHNOLOGIES       68

5.7.3.1    Digital twins          68

5.7.3.2    IoT and edge computing     69

5.8           PATENT ANALYSIS          70

5.9           TRADE ANALYSIS             73

5.9.1        IMPORT SCENARIO (HS CODE 8541)        73

5.9.2        EXPORT SCENARIO (HS CODE 8541)        74

5.10         KEY CONFERENCES AND EVENTS, 2025–2026        75

5.11         CASE STUDY ANALYSIS 76

5.11.1      ANSYS-POWERED SIMULATION OPTIMIZED INNOVATIVE BATTERY STORAGE SYSTEM FOR WARTSILA                 76

5.11.2      ANYWAVES ACHIEVED RAPID ANTENNA INNOVATION WITH SIMULIA CST STUDIO       77

5.11.3      ADVANCING DC DISTRIBUTION WITH MULTIPHYSICS SIMULATION AT SUPERGRID INSTITUTE              77

5.12         INVESTMENT AND FUNDING SCENARIO               77

5.13         REGULATORY LANDSCAPE         78

5.13.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             79

5.14         PORTER’S FIVE FORCE ANALYSIS              81

5.14.1      THREATS OF NEW ENTRANTS   82

5.14.2      THREATS OF SUBSTITUTES        82

5.14.3      BARGAINING POWER OF SUPPLIERS       83

5.14.4      BARGAINING POWER OF BUYERS             83

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 83

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     84

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           84

5.15.2      BUYING CRITERIA           85

5.16         IMPACT OF AI/GEN AI ON POWER ELECTRONICS SOFTWARE MARKET       86

6               POWER ELECTRONICS SOFTWARE MARKET, BY TECHNOLOGY  88

6.1           INTRODUCTION              89

6.2           RAPID CONTROL PROTOTYPING (RCP)                 90

6.2.1        GROWING DEMAND FOR FASTER DEVELOPMENT CYCLES IN EVS AND RENEWABLE ENERGY SYSTEMS DRIVING ADOPTION OF RCP         90

6.3           EMBEDDED SYSTEM PROTOTYPING      91

6.3.1        PUSH FOR ENERGY-EFFICIENT DESIGNS AND IOT-ENABLED DEVICES DRIVING DEMAND FOR EMBEDDED SYSTEM PROTOTYPING 91

6.4           MODEL-BASED DESIGN (MBD) 92

6.4.1        INCREASING COMPLEXITY OF POWER SYSTEMS, DEMAND FOR SHORTER DEVELOPMENT CYCLES, AND ENHANCED DESIGN ACCURACY DRIVING ADOPTION   92

6.5           HARDWARE-IN-THE-LOOP (HIL) SIMULATION  93

6.5.1        NEED FOR SAFER AND COST-EFFECTIVE VALIDATION OF HIGH-POWER SYSTEMS AND SHIFT TOWARD AUTONOMOUS SYSTEMS FUELING DEMAND     93

6.6           OTHER TECHNOLOGIES               94

7               POWER ELECTRONICS SOFTWARE MARKET, BY TYPE                 96

7.1           INTRODUCTION              97

7.2           DESIGN SOFTWARE        98

7.2.1        INCREASING DEMAND FOR COMPACT AND ENERGY-EFFICIENT SYSTEMS

TO BOOST MARKET GROWTH   98

7.3           SIMULATION SOFTWARE             100

7.3.1        TRANSITION TO RENEWABLE ENERGY, INCREASING COMPLEXITY OF POWER GRIDS, AND DEMAND FOR RELIABLE EV POWERTRAINS DRIVING GROWTH   100

7.4           ANALYSIS SOFTWARE    102

7.4.1        PUSH FOR GREENER ENERGY SYSTEMS AND STRINGENT SAFETY REGULATIONS DRIVING DEMAND FOR ANALYSIS SOFTWARE    102

7.5           CONTROL SOFTWARE   104

7.5.1        SHIFT TOWARD AUTONOMOUS SYSTEMS AND IOT CONNECTIVITY

FUELING DEMAND         104

7.5.2        ANALOG CONTROLLER                 104

7.5.3        DIGITAL CONTROLLER 105

8               POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION   108

8.1           INTRODUCTION              109

8.2           AUTOMOTIVE   110

8.2.1        RAPID ELECTRIFICATION OF VEHICLES AND ADVANCEMENTS IN AUTONOMOUS DRIVING TECHNOLOGIES FUELING GROWTH         110

8.3           CONSUMER ELECTRONICS          115

8.3.1        RISING DEMAND FOR FEATURE-RICH AND ENERGY-EFFICIENT DEVICES TO DRIVE GROWTH              115

8.4           INDUSTRIAL      119

8.4.1        INCREASING ADOPTION OF INDUSTRY 4.0 TO DRIVE DEMAND             119

8.5           RENEWABLE ENERGY    124

8.5.1        NEED TO MAXIMIZE ENERGY CONVERSION EFFICIENCY AND ENSURE GRID COMPLIANCE TO DRIVE GROWTH  124

8.6           AEROSPACE & DEFENSE                128

8.6.1        EMERGENCE OF ELECTRIC AIRCRAFT AND UNMANNED AERIAL VEHICLES (UAVS) FUELING DEMAND    128

8.7           OTHER APPLICATIONS 132

9               POWER ELECTRONICS SOFTWARE MARKET, BY REGION                 137

9.1           INTRODUCTION              138

9.2           NORTH AMERICA             139

9.2.1        NORTH AMERICA: MACROECONOMIC OUTLOOK                 141

9.2.2        US           141

9.2.2.1    Increasing demand for software solutions for accelerating EV development and ensuring compliance to drive growth 141

9.2.3        CANADA               143

9.2.3.1    Growing aerospace & defense and renewable energy industries to boost demand for power electronics software  143

9.2.4        MEXICO                144

9.2.4.1    Growing automotive sector to drive market     144

9.3           EUROPE               145

9.3.1        EUROPE: MACROECONOMIC FACTORS 148

9.3.2        GERMANY           149

9.3.2.1    Automotive sector’s rapid transition towards electrification

to drive demand    149

9.3.3        UK          150

9.3.3.1    Adoption of automation and smart technologies in thriving manufacturing sector boosting demand for software solutions     150

9.3.4        FRANCE                151

9.3.4.1    Push towards electrification of railways and incorporation of regenerative braking systems to support growth             151

9.3.5        ITALY    152

9.3.5.1    Growth in adoption of advanced manufacturing technologies

to drive market      152

9.3.6        REST OF EUROPE             153

9.4           ASIA PACIFIC     154

9.4.1        ASIA PACIFIC: MACROECONOMIC OUTLOOK     157

9.4.2        CHINA  158

9.4.2.1    Burgeoning electric vehicle production to boost demand for power electronics software solutions 158

9.4.3        JAPAN   159

9.4.3.1    Growing semiconductor industry to drive market growth                 159

9.4.4        SOUTH KOREA  160

9.4.4.1    Exponential growth of semiconductor and electronics sector

to boost market     160

9.4.5        INDIA    161

9.4.5.1    Shift towards electric vehicles and continuous investments in automotive sector to boost demand   161

9.4.6        REST OF ASIA PACIFIC   163

9.5           ROW      164

9.5.1        ROW: MACROECONOMIC OUTLOOK      165

9.5.2        MIDDLE EAST & AFRICA                166

9.5.2.1    Growing focus on renewable energy to contribute to market growth    166

9.5.2.2    GCC countries      166

9.5.2.3    Rest of Middle East & Africa               166

9.5.3        SOUTH AMERICA             168

9.5.3.1    Growing EV adoption in South America to propel growth                 168

10            COMPETITIVE LANDSCAPE         170

10.1         OVERVIEW          170

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 170

10.3         MARKET SHARE ANALYSIS, 2024                 171

10.4         REVENUE ANALYSIS, 2021–2024  174

10.5         COMPANY VALUATION AND FINANCIAL METRICS, 2024                 174

10.6         BRAND/PRODUCT COMPARISON             175

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 176

10.7.1      STARS   176

10.7.2      EMERGING LEADERS     176

10.7.3      PERVASIVE PLAYERS      176

10.7.4      PARTICIPANTS 176

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         178

10.7.5.1  Company footprint               178

10.7.5.2  Region footprint   179

10.7.5.3  Type footprint       180

10.7.5.4  Technology footprint           181

10.7.5.5  Application footprint            182

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        183

10.8.1      PROGRESSIVE COMPANIES         183

10.8.2      RESPONSIVE COMPANIES            183

10.8.3      DYNAMIC COMPANIES  183

10.8.4      STARTING BLOCKS         183

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 185

10.8.5.1  List of startups/SMEs          185

10.8.5.2  Competitive benchmarking of startups/SMEs 186

10.9         COMPETITIVE SITUATION AND TRENDS              186

10.9.1      PRODUCT LAUNCHES   186

10.9.2      DEALS  188

11            COMPANY PROFILES      189

11.1         INTRODUCTION              189

11.2         KEY PLAYERS     189

11.2.1      THE MATHWORKS, INC.                189

11.2.1.1  Business overview 189

11.2.1.2  Products/Solutions/Services offered 190

11.2.1.3  Recent developments           190

11.2.1.3.1                Product Launches 190

11.2.1.3.2                Deals      192

11.2.1.4  MnM view              192

11.2.1.4.1                Key strengths        192

11.2.1.4.2                Strategic choices   192

11.2.1.4.3                Weaknesses and competitive threats 193

11.2.2      KEYSIGHT TECHNOLOGIES        194

11.2.2.1  Business overview 194

11.2.2.2  Products/Solutions/Services offered 195

11.2.2.3  Recent developments           196

11.2.2.3.1                Product launches  196

11.2.2.3.2                Deals      197

11.2.2.4  MnM view              197

11.2.2.4.1                Key strengths        197

11.2.2.4.2                Strategic choices   197

11.2.2.4.3                Weaknesses and competitive threats 198

11.2.3      ALTAIR ENGINEERING INC.         199

11.2.3.1  Business overview 199

11.2.3.2  Products/Solutions/Services offered 200

11.2.3.3  Recent developments           201

11.2.3.3.1                Deals      201

11.2.3.4  MnM view              202

11.2.3.4.1                Key strengths        202

11.2.3.4.2                Strategic choices   202

11.2.3.4.3                Weaknesses and competitive threats 202

11.2.4      CADENCE DESIGN SYSTEMS, INC.             203

11.2.4.1  Business overview 203

11.2.4.2  Products/Solutions/Services offered 204

11.2.4.3  Recent developments           205

11.2.4.3.1                Product launches  205

11.2.4.3.2                Deals      206

11.2.4.4  MnM view              207

11.2.4.4.1                Key strengths        207

11.2.4.4.2                Strategic choices   207

11.2.4.4.3                Weaknesses and competitive threats 207

11.2.5      SYNOPSYS, INC. 208

11.2.5.1  Business overview 208

11.2.5.2  Products/Solutions/Services offered 209

11.2.5.3  Recent developments           210

11.2.5.3.1                Product Launches 210

11.2.5.3.2                Deals      211

11.2.5.4  MnM view              211

11.2.5.4.1                Key strengths        211

11.2.5.4.2                Strategic choices   211

11.2.5.4.3                Weaknesses and competitive threats 212

11.2.6      NATIONAL INSTRUMENTS CORP.             213

11.2.6.1  Business overview 213

11.2.6.2  Products/Solutions/Services offered 214

11.2.6.3  Recent developments           214

11.2.6.3.1                Product launches  214

11.2.6.3.2                Deals      215

11.2.7      RENESAS ELECTRONICS CORPORATION               216

11.2.7.1  Business overview 216

11.2.7.2  Products/Solutions/Services offered 217

11.2.7.3  Recent developments           218

11.2.7.3.1                Product launches  218

11.2.7.3.2                Deals      219

11.2.8      INFINEON TECHNOLOGIES AG 220

11.2.8.1  Business overview 220

11.2.8.2  Products/Solutions/Services offered 221

11.2.8.3  Recent developments           222

11.2.8.3.1                Product launches  222

11.2.8.3.2                Deals      223

11.2.9      DSPACE GMBH 224

11.2.9.1  Business overview 224

11.2.9.2  Products/Solutions/Services offered 224

11.2.9.3  Recent developments           225

11.2.9.3.1                Product Launches 225

11.2.9.3.2                Deals      226

11.2.10   SIEMENS              227

11.2.10.1                 Business overview 227

11.2.10.2                 Products/Solutions/Services offered 228

11.2.10.3                 Recent developments           229

11.2.10.3.1             Deals      229

11.3         OTHER KEY PLAYERS     230

11.3.1      ANALOG DEVICES, INC. 230

11.3.2      SIDELINESOFT, LLC        231

11.3.3      AESIM.TECH      232

11.3.4      PLEXIM GMBH  233

11.3.5      MANITOBA HYDRO INTERNATIONAL LTD.          234

11.3.6      IMPERIX POWER ELECTRONICS                 235

11.3.7      TYPHOON HIL, INC.        236

11.3.8      MIRABILIS DESIGN INC.                 237

11.3.9      POWER SMART CONTROL            238

11.3.10   COMSOL              239

11.3.11   SPEEDGOAT GMBH        240

11.3.12   OPAL-RT TECHNOLOGIES, INC.                241

11.3.13   RTDS TECHNOLOGIES INC.         242

11.3.14   POWERSYS          243

11.3.15   AVL        244

12            APPENDIX           245

12.1         INSIGHTS FROM INDUSTRY EXPERTS     245

12.2         DISCUSSION GUIDE        246

12.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                249

12.4         CUSTOMIZATION OPTIONS        251

12.5         RELATED REPORTS         251

12.6         AUTHOR DETAILS           252

LIST OF TABLES

TABLE 1                POWER ELECTRONICS SOFTWARE MARKET: RISK ANALYSIS  40

TABLE 2                AVERAGE SELLING PRICE OF MODEL-BASED DESIGNS OFFERED

BY KEY PLAYERS, 2024 (USD)      58

TABLE 3                AVERAGE SELLING PRICE OF HARDWARE-IN-THE-LOOP SIMULATION OFFERED

BY KEY PLAYERS, 2024 (USD)      59

TABLE 4                AVERAGE SELLING PRICE TREND OF HARDWARE-IN-THE-LOOP SIMULATION,

BY REGION, 2021–2024 (USD)      60

TABLE 5                AVERAGE SELLING PRICE TREND OF MODEL-BASED DESIGN, BY REGION,

2021–2024 (USD)                61

TABLE 6                POWER ELECTRONICS SOFTWARE MARKET: ROLE OF COMPANIES IN ECOSYSTEM    65

TABLE 7                LIST OF MAJOR PATENTS, 2023–2024        71

TABLE 8                IMPORT DATA FOR HS CODE 8541-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)            74

TABLE 9                EXPORT DATA FOR HS CODE 8541-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)            75

TABLE 10              KEY CONFERENCES AND EVENTS, 2025–2026                 75

TABLE 11              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             79

TABLE 12              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             79

TABLE 13              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             80

TABLE 14              ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             80

TABLE 15              POWER ELECTRONICS SOFTWARE MARKET: IMPACT OF PORTER’S FIVE FORCES        81

TABLE 16              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP 3 APPLICATIONS (%)            84

TABLE 17              KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 85

TABLE 18              POWER ELECTRONICS SOFTWARE MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            89

TABLE 19              POWER ELECTRONICS SOFTWARE MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            90

TABLE 20              RAPID CONTROL PROTOTYPING: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2021–2024 (USD MILLION)         91

TABLE 21              RAPID CONTROL PROTOTYPING: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2025–2030 (USD MILLION)         91

TABLE 22              EMBEDDED SYSTEM PROTOTYPING: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2021–2024 (USD MILLION)            92

TABLE 23              EMBEDDED SYSTEM PROTOTYPING: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2025–2030 (USD MILLION)            92

TABLE 24              MODEL-BASED DESIGN: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2021–2024 (USD MILLION)         93

TABLE 25              MODEL-BASED DESIGN: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2025–2030 (USD MILLION)         93

TABLE 26              HARDWARE-IN-THE-LOOP SIMULATION: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2021–2024 (USD MILLION) 94

TABLE 27              HARDWARE-IN-THE-LOOP SIMULATION: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2025–2030 (USD MILLION) 94

TABLE 28              OTHER TECHNOLOGIES: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2021–2024 (USD MILLION)         95

TABLE 29              OTHER TECHNOLOGIES: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2025–2030 (USD MILLION)         95

TABLE 30              POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2021–2024 (USD MILLION)                97

TABLE 31              POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2025–2030 (USD MILLION)                98

TABLE 32              DESIGN SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            99

TABLE 33              DESIGN SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            99

TABLE 34              DESIGN SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            99

TABLE 35              DESIGN SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            100

TABLE 36              SIMULATION SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY TECHNOLOGY, 2021–2024 (USD MILLION)     101

TABLE 37              SIMULATION SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY TECHNOLOGY, 2025–2030 (USD MILLION)     101

TABLE 38              SIMULATION SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       101

TABLE 39              SIMULATION SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       102

TABLE 40              ANALYSIS SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY TECHNOLOGY, 2021–2024 (USD MILLION)     103

TABLE 41              ANALYSIS SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY TECHNOLOGY, 2025–2030 (USD MILLION)     103

TABLE 42              ANALYSIS SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       103

TABLE 43              ANALYSIS SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       104

TABLE 44              CONTROL SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY SUB-TYPE, 2021–2024 (USD MILLION)               105

TABLE 45              CONTROL SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY SUB-TYPE, 2025–2030 (USD MILLION)               105

TABLE 46              CONTROL SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY TECHNOLOGY, 2021–2024 (USD MILLION)     105

TABLE 47              CONTROL SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY TECHNOLOGY, 2025–2030 (USD MILLION)     106

TABLE 48              CONTROL SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       106

TABLE 49              CONTROL SOFTWARE: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       107

TABLE 50              POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)          109

TABLE 51              POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            110

TABLE 52              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE,

2021–2024 (USD MILLION)            111

TABLE 53              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE,

2025–2030 (USD MILLION)            111

TABLE 54              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2021–2024 (USD MILLION)            111

TABLE 55              AUTOMOTIVE POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2025–2030 (USD MILLION)            112

TABLE 56              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               112

TABLE 57              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA

, BY COUNTRY, 2025–2030 (USD MILLION)             112

TABLE 58              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE,

BY COUNTRY, 2021–2024 (USD MILLION)               113

TABLE 59              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE,

BY COUNTRY, 2025–2030 (USD MILLION)               113

TABLE 60              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               113

TABLE 61              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2030 (USD MILLION)               114

TABLE 62              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)            114

TABLE 63              AUTOMOTIVE: POWER ELECTRONICS SOFTWARE MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)            114

TABLE 64              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2021–2024 (USD MILLION)         115

TABLE 65              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET,

BY TYPE, 2025–2030 (USD MILLION)         116

TABLE 66              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET,

BY REGION, 2021–2024 (USD MILLION)   116

TABLE 67              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET,

BY REGION, 2025–2030 (USD MILLION)   116

TABLE 68              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 117

TABLE 69              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)                 117

TABLE 70              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)      117

TABLE 71              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)      118

TABLE 72              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)                 118

TABLE 73              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)                 118

TABLE 74              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN ROW, BY REGION, 2021–2024 (USD MILLION) 119

TABLE 75              CONSUMER ELECTRONICS: POWER ELECTRONICS SOFTWARE MARKET

IN ROW, BY REGION, 2025–2030 (USD MILLION) 119

TABLE 76              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE,

2021–2024 (USD MILLION)            120

TABLE 77              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE,

2025–2030 (USD MILLION)            120

TABLE 78              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2021–2024 (USD MILLION)            120

TABLE 79              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2025–2030 (USD MILLION)            121

TABLE 80              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               121

TABLE 81              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2030 (USD MILLION)               121

TABLE 82              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 122

TABLE 83              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)                 122

TABLE 84              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               122

TABLE 85              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2030 (USD MILLION)               123

TABLE 86              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)                 123

TABLE 87              INDUSTRIAL: POWER ELECTRONICS SOFTWARE MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)                 123

TABLE 88              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2021–2024 (USD MILLION)                 124

TABLE 89              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2025–2030 (USD MILLION)                 124

TABLE 90              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2021–2024 (USD MILLION)                 125

TABLE 91              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2025–2030 (USD MILLION)                 125

TABLE 92              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)       125

TABLE 93              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)       125

TABLE 94              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE,

BY COUNTRY, 2021–2024 (USD MILLION)               126

TABLE 95              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE,

BY COUNTRY, 2025–2030 (USD MILLION)               126

TABLE 96              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION) 127

TABLE 97              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION) 127

TABLE 98              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN ROW,

BY REGION, 2021–2024 (USD MILLION)   127

TABLE 99              RENEWABLE ENERGY: POWER ELECTRONICS SOFTWARE MARKET IN ROW,

BY REGION, 2025–2030 (USD MILLION)   127

TABLE 100            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2021–2024 (USD MILLION)                 128

TABLE 101            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2025–2030 (USD MILLION)                 128

TABLE 102            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2021–2024 (USD MILLION)                 129

TABLE 103            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2025–2030 (USD MILLION)                 129

TABLE 104            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)       129

TABLE 105            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)       130

TABLE 106            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)            130

TABLE 107            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)            130

TABLE 108            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN

ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION) 131

TABLE 109            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN

ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION) 131

TABLE 110            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN ROW,

BY REGION, 2021–2024 (USD MILLION)   131

TABLE 111            AEROSPACE & DEFENSE: POWER ELECTRONICS SOFTWARE MARKET IN ROW,

BY REGION, 2025–2030 (USD MILLION)   131

TABLE 112            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2021–2024 (USD MILLION)                 132

TABLE 113            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET, BY TYPE, 2025–2030 (USD MILLION)                 132

TABLE 114            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2021–2024 (USD MILLION)                 133

TABLE 115            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2025–2030 (USD MILLION)                 133

TABLE 116            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)       133

TABLE 117            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)       133

TABLE 118            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE,

BY COUNTRY, 2021–2024 (USD MILLION)               134

TABLE 119            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN EUROPE,

BY COUNTRY, 2025–2030 (USD MILLION)               134

TABLE 120            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION) 135

TABLE 121            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION) 135

TABLE 122            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN ROW,

BY REGION, 2021–2024 (USD MILLION)   135

TABLE 123            OTHER APPLICATIONS: POWER ELECTRONICS SOFTWARE MARKET IN ROW,

BY REGION, 2025–2030 (USD MILLION)   135

TABLE 124            POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2021–2024 (USD MILLION)            138

TABLE 125            POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2025–2030 (USD MILLION)            138

TABLE 126            NORTH AMERICA: POWER ELECTRONICS SOFTWARE MARKET, BY COUNTRY, 2021–2024 (USD MILLION)                 140

TABLE 127            NORTH AMERICA: POWER ELECTRONICS SOFTWARE MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 140

TABLE 128            NORTH AMERICA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            140

TABLE 129            NORTH AMERICA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            141

TABLE 130            US: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            142

TABLE 131            US: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            142

TABLE 132            CANADA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            143

TABLE 133            CANADA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            144

TABLE 134            MEXICO: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            145

TABLE 135            MEXICO: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            145

TABLE 136            EUROPE: POWER ELECTRONICS SOFTWARE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            147

TABLE 137            EUROPE: POWER ELECTRONICS SOFTWARE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            147

TABLE 138            EUROPE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            147

TABLE 139            EUROPE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            148

TABLE 140            GERMANY: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            149

TABLE 141            GERMANY: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            149

TABLE 142            UK: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            150

TABLE 143            UK: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            150

TABLE 144            FRANCE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            151

TABLE 145            FRANCE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            151

TABLE 146            ITALY: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            152

TABLE 147            ITALY: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            153

TABLE 148            REST OF EUROPE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            153

TABLE 149            REST OF EUROPE: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            154

TABLE 150            ASIA PACIFIC: POWER ELECTRONICS SOFTWARE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            155

TABLE 151            ASIA PACIFIC: POWER ELECTRONICS SOFTWARE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            156

TABLE 152            ASIA PACIFIC: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            156

TABLE 153            ASIA PACIFIC: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            157

TABLE 154            CHINA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            158

TABLE 155            CHINA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            158

TABLE 156            JAPAN: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            159

TABLE 157            JAPAN: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            159

TABLE 158            SOUTH KOREA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            160

TABLE 159            SOUTH KOREA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            161

TABLE 160            INDIA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            162

TABLE 161            INDIA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            162

TABLE 162            REST OF ASIA PACIFIC: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       163

TABLE 163            REST OF ASIA PACIFIC: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       163

TABLE 164            ROW: POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2021–2024 (USD MILLION)            164

TABLE 165            ROW: POWER ELECTRONICS SOFTWARE MARKET, BY REGION,

2025–2030 (USD MILLION)            164

TABLE 166            ROW: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            164

TABLE 167            ROW: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            165

TABLE 168            MIDDLE EAST & AFRICA: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2021–2024 (USD MILLION)                 166

TABLE 169            MIDDLE EAST & AFRICA: POWER ELECTRONICS SOFTWARE MARKET, BY REGION, 2025–2030 (USD MILLION)                 167

TABLE 170            MIDDLE EAST & AFRICA: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       167

TABLE 171            MIDDLE EAST & AFRICA: POWER ELECTRONICS SOFTWARE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       167

TABLE 172            SOUTH AMERICA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            168

TABLE 173            SOUTH AMERICA: POWER ELECTRONICS SOFTWARE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            169

TABLE 174            POWER ELECTRONICS SOFTWARE MARKET: KEY PLAYER STRATEGIES/

RIGHT TO WIN, 2020–2024             170

TABLE 175            POWER ELECTRONICS SOFTWARE MARKET: MARKET SHARE ANALYSIS

OF TOP FIVE PLAYERS, 2024        171

TABLE 176            POWER ELECTRONICS SOFTWARE MARKET: REGION FOOTPRINT     179

TABLE 177            POWER ELECTRONICS SOFTWARE MARKET: TYPE FOOTPRINT            180

TABLE 178            POWER ELECTRONICS SOFTWARE MARKET: TECHNOLOGY FOOTPRINT        181

TABLE 179            POWER ELECTRONICS SOFTWARE MARKET: APPLICATION FOOTPRINT         182

TABLE 180            POWER ELECTRONICS SOFTWARE MARKET: LIST OF STARTUPS/SMES             185

TABLE 181            POWER ELECTRONICS SOFTWARE MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES    186

TABLE 182            POWER ELECTRONICS SOFTWARE MARKET: PRODUCT LAUNCHES,

JANUARY 2020–DECEMBER 2024 187

TABLE 183            POWER ELECTRONICS SOFTWARE MARKET: DEALS,

JANUARY 2020–DECEMBER 2024 188

TABLE 184            THE MATHWORKS, INC.: COMPANY OVERVIEW                 189

TABLE 185            THE MATHWORKS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    190

TABLE 186            THE MATHWORKS, INC.: PRODUCT LAUNCHES                 190

TABLE 187            THE MATHWORKS, INC.: DEALS                192

TABLE 188            KEYSIGHT TECHNOLOGIES: COMPANY OVERVIEW          194

TABLE 189            KEYSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    195

TABLE 190            KEYSIGHT TECHNOLOGIES: PRODUCT LAUNCHES          196

TABLE 191            KEYSIGHT TECHNOLOGIES: DEALS         197

TABLE 192            ALTAIR ENGINEERING INC.: COMPANY OVERVIEW          199

TABLE 193            ALTAIR ENGINEERING INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    200

TABLE 194            ALTAIR ENGINEERING INC.: DEALS         201

TABLE 195            CADENCE DESIGN SYSTEMS, INC.: COMPANY OVERVIEW          203

TABLE 196            CADENCE DESIGN SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    204

TABLE 197            CADENCE DESIGN SYSTEMS, INC.: PRODUCT LAUNCHES          205

TABLE 198            CADENCE DESIGN SYSTEMS, INC.: DEALS                 206

TABLE 199            SYNOPSYS, INC.: COMPANY OVERVIEW 208

TABLE 200            SYNOPSYS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    209

TABLE 201            SYNOPSYS, INC.: PRODUCT LAUNCHES 210

TABLE 202            SYNOPSYS, INC.: DEALS 211

TABLE 203            NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW          213

TABLE 204            NATIONAL INSTRUMENTS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    214

TABLE 205            NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES          214

TABLE 206            NATIONAL INSTRUMENTS CORP.: DEALS                 215

TABLE 207            RENESAS ELECTRONICS CORPORATION: COMPANY OVERVIEW   216

TABLE 208            RENESAS ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    217

TABLE 209            RENESAS ELECTRONICS CORPORATION: PRODUCT LAUNCHES   218

TABLE 210            RENESAS ELECTRONICS CORPORATION: DEALS                 219

TABLE 211            INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW          220

TABLE 212            INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221

TABLE 213            INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES          222

TABLE 214            INFINEON TECHNOLOGIES AG: DEALS 223

TABLE 215            DSPACE GMBH: COMPANY OVERVIEW  224

TABLE 216            DSPACE GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    224

TABLE 217            DSPACE GMBH: PRODUCT LAUNCHES  225

TABLE 218            DSPACE GMBH: DEALS 226

TABLE 219            SIEMENS: COMPANY OVERVIEW               227

TABLE 220            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             228

TABLE 221            SIEMENS: DEALS               229

TABLE 222            ANALOG DEVICES, INC.: COMPANY OVERVIEW                 230

TABLE 223            SIDELINESOFT, LLC: COMPANY OVERVIEW                 231

TABLE 224            AESIM.TECH: COMPANY OVERVIEW       232

TABLE 225            PLEXIM GMBH: COMPANY OVERVIEW   233

TABLE 226            MANITOBA HYDRO INTERNATIONAL LTD.: COMPANY OVERVIEW   234

TABLE 227            IMPERIX POWER ELECTRONICS: COMPANY OVERVIEW          235

TABLE 228            TYPHOON HIL, INC.: COMPANY OVERVIEW                 236

TABLE 229            MIRABILIS DESIGN INC.: COMPANY OVERVIEW                 237

TABLE 230            POWER SMART CONTROL: COMPANY OVERVIEW          238

TABLE 231            COMSOL: COMPANY OVERVIEW               239

TABLE 232            SPEEDGOAT GMBH: COMPANY OVERVIEW                 240

TABLE 233            OPAL-RT TECHNOLOGIES, INC.: COMPANY OVERVIEW          241

TABLE 234            RTDS TECHNOLOGIES INC.: COMPANY OVERVIEW          242

TABLE 235            POWERSYS: COMPANY OVERVIEW           243

TABLE 236            AVL: COMPANY OVERVIEW         244

LIST OF FIGURES

FIGURE 1              POWER ELECTRONICS SOFTWARE MARKET SEGMENTATION              26

FIGURE 2              POWER ELECTRONICS SOFTWARE MARKET: RESEARCH DESIGN         29

FIGURE 3              POWER ELECTRONICS SOFTWARE MARKET: BOTTOM-UP APPROACH              35

FIGURE 4              POWER ELECTRONICS SOFTWARE MARKET: TOP-DOWN APPROACH                36

FIGURE 5              POWER ELECTRONICS SOFTWARE MARKET SIZE ESTIMATION

METHODOLOGY (DEMAND SIDE)           36

FIGURE 6              POWER ELECTRONICS SOFTWARE MARKET SIZE ESTIMATION

METHODOLOGY (SUPPLY SIDE)               37

FIGURE 7              POWER ELECTRONICS SOFTWARE MARKET: DATA TRIANGULATION                38

FIGURE 8              POWER ELECTRONICS SOFTWARE MARKET: RESEARCH ASSUMPTIONS           39

FIGURE 9              POWER ELECTRONICS SOFTWARE MARKET SNAPSHOT          41

FIGURE 10            DESIGN SOFTWARE TO ACCOUNT FOR LARGEST SHARE OF POWER ELECTRONICS SOFTWARE MARKET IN 2025  42

FIGURE 11            MODEL-BASED DESIGN TO BE MOST WIDELY USED TECHNOLOGY IN POWER ELECTRONICS SOFTWARE MARKET               42

FIGURE 12            INDUSTRIAL SEGMENT TO LEAD POWER ELECTRONICS SOFTWARE MARKET        43

FIGURE 13            ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    44

FIGURE 14            RISING ADOPTION OF RENEWABLE ENERGY AND

ELECTRIC VEHICLES TO DRIVE MARKET              45

FIGURE 15            DESIGN SOFTWARE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 46

FIGURE 16            MODEL-BASED DESIGN TO BE DOMINANT TECHNOLOGY

DURING FORECAST PERIOD       46

FIGURE 17            INDUSTRIAL SEGMENT TO BE LARGEST APPLICATION OF POWER ELECTRONICS SOFTWARE DURING FORECAST PERIOD         47

FIGURE 18            ASIA PACIFIC TO DOMINATE POWER ELECTRONICS SOFTWARE MARKET DURING FORECAST PERIOD                47

FIGURE 19            INDIA TO REGISTER HIGHEST CAGR IN GLOBAL POWER ELECTRONICS SOFTWARE MARKET DURING FORECAST PERIOD                48

FIGURE 20            POWER ELECTRONICS SOFTWARE MARKET DYNAMICS          49

FIGURE 21            IMPACT ANALYSIS OF DRIVERS ON POWER ELECTRONICS SOFTWARE MARKET        51

FIGURE 22            IMPACT ANALYSIS OF RESTRAINTS ON POWER ELECTRONICS SOFTWARE MARKET        53

FIGURE 23            IMPACT ANALYSIS OF OPPORTUNITIES ON

POWER ELECTRONICS SOFTWARE MARKET        54

FIGURE 24            IMPACT ANALYSIS OF CHALLENGES ON POWER ELECTRONICS SOFTWARE MARKET        56

FIGURE 25            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   57

FIGURE 26            AVERAGE SELLING PRICE OF MODEL-BASED DESIGNS OFFERED

BY KEY PLAYERS, 2024    58

FIGURE 27            AVERAGE SELLING PRICE OF HARDWARE-IN-THE-LOOP SIMULATION OFFERED

BY KEY PLAYERS, 2024    59

FIGURE 28            AVERAGE SELLING PRICE TREND OF HARDWARE-IN-THE-LOOP SIMULATION,

BY REGION, 2021–2024    60

FIGURE 29            AVERAGE SELLING PRICE TREND OF MODEL-BASED DESIGN,

BY REGION, 2021–2024    61

FIGURE 30            POWER ELECTRONICS SOFTWARE MARKET: VALUE CHAIN ANALYSIS               62

FIGURE 31            POWER ELECTRONICS SOFTWARE MARKET: ECOSYSTEM ANALYSIS  64

FIGURE 32            PATENTS APPLIED AND GRANTED, 2014–2024                 70

FIGURE 33            IMPORT SCENARIO FOR HS CODE 8541-COMPLIANT PRODUCTS

FOR TOP 5 COUNTRIES, 2019–2023            73

FIGURE 34            EXPORT SCENARIO FOR HS CODE 8541-COMPLIANT PRODUCTS

FOR TOP 5 COUNTRIES, 2019–2023            74

FIGURE 35            INVESTMENT AND FUNDING SCENARIO, 2020–2024        78

FIGURE 36            POWER ELECTRONICS SOFTWARE MARKET: PORTER’S FIVE FORCES ANALYSIS            81

FIGURE 37            IMPACT OF PORTER’S FIVE FORCES ON POWER ELECTRONICS SOFTWARE MARKET        82

FIGURE 38            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS      84

FIGURE 39            KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 85

FIGURE 40            POWER ELECTRONICS SOFTWARE MARKET: IMPACT OF AI/GEN AI   87

FIGURE 41            MODEL-BASED DESIGN TO ACCOUNT FOR LARGEST MARKET

SHARE DURING FORECAST PERIOD      89

FIGURE 42            DESIGN SOFTWARE TO ACCOUNT FOR LARGEST MARKET

SHARE DURING FORECAST PERIOD        97

FIGURE 43            INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET

SHARE DURING FORECAST PERIOD        109

FIGURE 44            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN POWER ELECTRONICS SOFTWARE MARKET DURING FORECAST PERIOD                138

FIGURE 45            NORTH AMERICA: POWER ELECTRONICS SOFTWARE MARKET SNAPSHOT               139

FIGURE 46            EUROPE: POWER ELECTRONICS SOFTWARE MARKET SNAPSHOT       146

FIGURE 47            ASIA PACIFIC: POWER ELECTRONICS SOFTWARE MARKET SNAPSHOT               155

FIGURE 48            POWER ELECTRONICS SOFTWARE MARKET SHARE ANALYSIS, 2024   172

FIGURE 49            POWER ELECTRONICS SOFTWARE MARKET: REVENUE ANALYSIS

OF KEY PLAYERS, 2021–2024         174

FIGURE 50            POWER ELECTRONICS SOFTWARE MARKET: COMPANY VALUATION,

2024 (USD BILLION)        174

FIGURE 51            POWER ELECTRONICS SOFTWARE MARKET: FINANCIAL METRICS, 2024            175

FIGURE 52            POWER ELECTRONICS SOFTWARE MARKET: BRAND/PRODUCT COMPARISON             175

FIGURE 53            POWER ELECTRONICS SOFTWARE MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       177

FIGURE 54            POWER ELECTRONICS SOFTWARE MARKET: COMPANY FOOTPRINT 178

FIGURE 55            POWER ELECTRONICS SOFTWARE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 184

FIGURE 56            KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT          195

FIGURE 57            ALTAIR ENGINEERING INC.: COMPANY SNAPSHOT          200

FIGURE 58            CADENCE DESIGN SYSTEMS, INC.: COMPANY SNAPSHOT          204

FIGURE 59            SYNOPSYS, INC.: COMPANY SNAPSHOT 209

FIGURE 60            RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT   217

FIGURE 61            INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT          221

FIGURE 62            SIEMENS: COMPANY SNAPSHOT               228