Power Electronics Hardware-in-the-Loop Market

Market Overview

The Global Power Electronics Hardware-in-the-Loop Market size is expected to grow at a CAGR of approximately around 9.2% during the forecast period.

A modelling system called hardware-in-the-loop is employed in the design and testing of sophisticated real-time embedded systems. Additionally, these systems offer simulation of a mechanism or system's physical component. Actuators and sensors link the machine or physical component of the system to the control system, with the simulation acting as an exact replica of the hardware connections in the real world.

Hardware-in-the-loop (HIL) technique is used to analyse 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 electronics, aerospace, automotive, and others.

A few advantages of using Power Electronics Hardware-in-the-Loop are the ability to test and validate complicated power electronics systems in a controlled setting, decrease development time and costs, and increase the accuracy of simulation results by incorporating actual hardware components.

The rising demand is pushing the market for power electronics with high reliability for these systems and the need for shorter development cycles and time to market. Numerous sectors heavily rely on power electronic systems, including automotive, aerospace, renewable energy, and industrial automation.

Due to the rising demand for effective and dependable power electronic systems, as well as the requirement for quicker development cycles and decreased time-to-market, the market for Power Electronics Hardware-in-the-Loop is predicted to experience substantial growth in the upcoming years.

In the area of power electronics, the Power Electronics Hardware-in-the-Loop (PE-HIL) market is attracting attention due to its rapid growth. Control systems and embedded software are tested and validated using the Hardware-in-the-Loop (HIL) method in a simulated environment. HIL is used to test and verify power electronic systems, including converters, inverters, and motor drives, in the context of power electronics.

Market Dynamics

Market Drivers

• The Market For Closed Loop Systems Is Anticipated to Be The Largest

Hardware in the loop test system can replicate this capability by utilizing a physics or mathematical model for simulating the machine, system, or plant. This will guarantee that the controller is working in an intended manner to produce the output and resolve any output errors. Future demand for closed-loop hardware in loop systems is anticipated to increase due to the growing adoption of autonomous driving and ADAS throughout the car industry.

hardware testing in the cycle an illustration of closed-loop hardware in the loop is the ADAS device. It mimics an environment by producing the ADAS system's input signal. Input variables are specified in this case, including desired speed and front vehicle distance. The vehicle's control output is used to simulate the functioning of the vehicle.

• Growth In The Power Electronics Industry

The highest growth in the power electronics industry is anticipated from 2022 to 2027 as a consequence of the growing use of hardware in the loop technique. For the development and testing of electronic grids, wind turbine generators, photovoltaic inverters, nuclear power plant control systems, and other devices, businesses in this sector use the hardware in the loop method.

• The Growing Demand For Power Electronic Systems In Numerous Uses

The complexity of power electronic systems, which necessitates sophisticated testing techniques to guarantee their functionality and performance, is a major factor driving the Power Electronics Hardware-in-the-Loop market growth. Before they are implemented in real-world applications, designers and engineers can assess the behaviour of these complex systems using Power Electronics Hardware-in-the-Loop testing in a secure and controlled setting.  The growing demand for power electronic systems in numerous uses, including renewable energy, electric vehicles, and industrial automation, is one of the main drivers of the market for PE-HIL. The adoption of PE-HIL testing is also being driven by the increasing demand for efficient and dependable power electronic systems in crucial applications.

Market Restraints

• Lack of Tools to Conduct Human Experience Testing

The lack of tools to conduct human experience testing is a significant flaw in Hardware-in-the-Loop. For instance, one of the performance criteria in an adaptive cruise control stop-and-go situation is how well the controller can decelerate and accelerate while staying within saturation limits and driver comfort levels. In such cases, the Hardware-in-the-Loop test stand would require more human input.  moreover, PE-HIL testing can be complicated and time-consuming, with numerous parameters and variables to consider. Longer test times and higher expenses may be the outcome of this complexity.

Market Opportunities

• Green Energy Sources Is Rising

Demand for green energy sources is rising. Renewable energy sources like wind and solar electricity are becoming increasingly popular. electricity electronics are essential for transforming renewable energy sources into usable electricity. Power electronic components used in renewable energy systems can be tested and validated with the aid of PE-HIL devices.

• Growing Market For Electric Vehicles

Rising interest in electric cars the market for electric vehicles is growing rapidly, and power electronics are important components in these vehicles. Power electronic components used in electric cars, such as batteries, charging systems, and motor drives, can be tested and validated with the aid of PE-HIL systems. Need for higher-quality electricity An improvement in power quality is required because electronic devices are being used more frequently in households and workplaces.

Market Scope

Segmental Analysis

Segment By Type

• Closed Loop HIL

Closed-loop testing refers to tests in which the system under test (SUT) outputs are used as inputs to a plant and the plant outputs are used as inputs to the SUT, creating a closed control loop.

• Open Loop HIL

The result of an open loop control system has no effect on the system's control action. In other terms, an open loop control system is one whose operation is time dependent.

Segment By Application

• Supergrid and Microgrid

Supergrids are large-capacity power transmission lines that use either high-voltage direct current (HVDC) or ultra-high-voltage direct current (UHVDC) power lines. A microgrid is a collection of interconnected loads and distributed energy resources that operate as a singular controllable entity in relation to the power system. It can connect to and disconnect from the grid, allowing it to function in either grid-connected or island mode.

• Solar Inverter

A solar inverter, also known as a photovoltaic inverter, is a form of power converter that converts a photovoltaic solar panel's variable direct current output into a utility frequency alternating current that can be fed into a commercial electrical grid or used by a local utility.

• Wind Inverter

Inverters convert the direct current (DC) electricity produced by wind turbines or photovoltaic modules and stored in batteries into the 230V 50Hz alternating current (AC) power needed to operate conventional appliances and connect to the grid.

Regional Analysis

The Global Power Electronics Hardware-in-the-Loop Market Analysis is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

North American power electronics hardware-in-the-loop size was anticipated to expand at a compound annual growth rate (CAGR). The need for dependable and effective power electronics testing as well as the rising demand for energy-efficient systems both contribute to this development.

• Increasing Financial Support For the Creation of Real-Time Embedded Devices

The growing investments in the development of real-time embedded systems in the United States and Canada are what are driving the hardware in the loop business in North America. Due to the region's rapid urbanization and technological developments in the infrastructure, it is expected that the market will grow as a result of an increase in demand for heavy equipment and large-sized machinery. The region's market is also anticipated to benefit from an increase in government spending on research and education.

• Rising Use of Renewable Energy Sources

Power electronics hardware-in-the-loop devices have a significant market in North America, which is fueled by the region's significant aerospace and automotive sectors as well as the rising use of renewable energy sources. With many businesses engaged in the design and production of power electronics hardware-in-the-loop devices, the United States and Canada are the two biggest markets in the area.

Asia Pacific

• Rising Investments In Clean Energy

Power electronics hardware-in-the-loop growth driving due to rising investments in clean energy, electric vehicles, and smart grid infrastructure, the Asia Pacific area has emerged as a significant market for PE-HIL. Many nations in the area, including China, Japan, South Korea, and India, have bold plans to switch to a low-carbon economy, which is anticipated to open up a lot of possibilities for PE-HIL technology.

Asia Pacific is anticipated to hold the largest market share and experience the fastest development. The industry is primarily driven by China, Japan, and India. The market has expanded due in part to the industries' fast expansion in the automotive, aerospace, and power electronics fields. Subaru (Japan) and TATA Motors are two car companies in Asia Pacific that employ the hardware in the loop method. (India).

Key Players

1. DSpace GmbH
2. National Instruments
3. Opal-RT Technologies
4. Typhoon HIL
5. Speedgoat GmbH
6. Modeling Tech

Recent Developments

In March 2023- Researchers Develop Roof with Organic Solar Cells for Greenhouse. The scientists built the miniature to replace the glass panels in the greenhouse with solar panels. The solar cells developed by the UCLA team rely upon carbon-based materials, as opposed to the inorganic substances used in conventional devices.