U.S. Power Electronics Software Market Size Worth USD 1,853.23 Million by 2034 | CAGR: 10.5%

The U.S. power electronics software market size is expected to reach USD 1,853.23 million by 2034, according to a new study by Polaris Market Research. The report “US Power Electronics Software Market Size, Share, Trends, & Industry Analysis By Technology (RCP, Embedded System Prototyping, MBD, HIL Simulation, and Other Technologies), By Type, By Application, and By Country – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The U.S. power electronics software market is witnessing a significant surge, driven by the rapid adoption of electric vehicles, the modernization of energy infrastructure, and the growing integration of renewable energy sources. The growing shift toward electrification and digitalization across industries is driving increased demand for advanced software tools, including model-based design, real-time simulation, and embedded control systems.

Questions? Request a sample or make an inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/us-power-electronics-software-market/request-for-sample

These platforms enable engineers to design, simulate, and validate complex power electronics systems with high precision, reducing development time and ensuring regulatory compliance. Leading companies across automotive, aerospace, and energy sectors are investing in software solutions that support the design of efficient converters, inverters, and grid-tied control systems, further fueling market growth.

Top of FormUS Power Electronics Software Market Report Highlights

• In terms of technology, the model-based design (MBD) segment is projected grow significantly by 2034. This growth is attributed to widespread adoption across automotive, aerospace, and renewable energy sectors.
• Based on type, the design software segment led the power electronics software market in 2024, owing to its extensive use for developing precise schematics, PCB layouts, and control architectures in power electronic systems.
• In terms of application, the renewable energy segment is projected to be the fastest-growing, driven by the rapid expansion of solar PV and wind installations and global decarbonization efforts, which boost demand for power electronics software to optimize converters and grid-tied inverters.  
• A few global key market players include Altair Engineering Inc., ANSYS, Inc., Cadence Design Systems, Inc., dSPACE GmbH, Infineon Technologies AG, Keysight Technologies, MathWorks, Inc., National Instruments Corp., Plexim GmbH, Renesas Electronics Corporation, Siemens, Sidelinesoft, LLC

Polaris Market Research has segmented the market report on the basis of technology, type, application, and Country:

By Technology Outlook (Revenue, USD Billion, 2020–2034)

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

By Type Outlook (Revenue, USD Billion, 2020–2034)

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

By Application Outlook (Revenue, USD Billion, 2020–2034)

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