The global Power Electronics Hardware-in-the-Loop market was valued at US$ 817 million in 2022 and is projected to reach US$ 1,291 million by 2029, at a CAGR of 9.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Power Electronics Hardware-in-the-Loop market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Power Electronics Hardware-in-the-Loop market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Power Electronics Hardware-in-the-Loop market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Hardware-in-the-loop (HIL) technique is used to analyze complex real-time embedded systems. The HIL system provides an effective platform which for reduce the complexity of the plant and control the test platform. HIL technology offers high-quality output and reduces the cost involved and time needed. Hence, it is widely preferred in many applications such as power electronic, aerospace, automotive, and others.
This report aims to provide a comprehensive presentation of the global market for Power Electronics Hardware-in-the-Loop, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Electronics Hardware-in-the-Loop. This report contains market size and forecasts of Power Electronics Hardware-in-the-Loop in global, including the following market information:
- Global Power Electronics Hardware-in-the-Loop Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Closed Loop HIL Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Power Electronics Hardware-in-the-Loop include DSpace GmbH, National Instruments, Opal-RT Technologies, Typhoon HIL, Speedgoat GmbH and Modeling Tech, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Power Electronics Hardware-in-the-Loop companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Power Electronics Hardware-in-the-Loop Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Power Electronics Hardware-in-the-Loop Market Segment Percentages, by Type, 2022 (%)
- Closed Loop HIL
- Open Loop HIL
Global Power Electronics Hardware-in-the-Loop Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Power Electronics Hardware-in-the-Loop Market Segment Percentages, by Application, 2022 (%)
- Supergrid and Microgrid
- Solar Inverter
- Wind Inverter
- Other
Global Power Electronics Hardware-in-the-Loop Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Power Electronics Hardware-in-the-Loop Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Power Electronics Hardware-in-the-Loop revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Power Electronics Hardware-in-the-Loop revenues share in global market, 2022 (%)
key players include:
- DSpace GmbH
- National Instruments
- Opal-RT Technologies
- Typhoon HIL
- Speedgoat GmbH
- Modeling Tech
Outline of Major Chapters:
Chapter 1: Introduces the definition of Power Electronics Hardware-in-the-Loop, market overview.
Chapter 2: Global Power Electronics Hardware-in-the-Loop market size in revenue.
Chapter 3: Detailed analysis of Power Electronics Hardware-in-the-Loop company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Power Electronics Hardware-in-the-Loop in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
