AbstractHere, a new buck–boost converter with reliability analysis is proposed. The converter has utilized a new voltage multiplier cell at the input side to boost the output voltage. It has a continuous input current with a wide range of duty cycle operations. The converter achieves unity gain at 26.8% duty cycle and can also operate in continuous and discontinuous conduction modes in buck and boost modes. The detailed reliability analysis of the proposed converter using improved Markov modelling is also presented by considering both open circuit and short circuit faults across the semiconductor devices. The variation of reliability and the mean time to failure (MTTF) with different converter parameters like the duty cycle and the input voltage is also discussed here. The hardware results of the developed prototype converter are also presented here at varying duty ratios. The power loss analysis and comparison of the converter with other newly proposed buck–boost topologies show the advantages of the proposed converter. For checking the stability of the converter, the state space model of the converter is also discussed in detail of the proposed converter.