In this book, we discuss reliability in electrical energy converters. The first step is introducing these devices and recognizing their main functions as well as their importance. Electrical energy conversion systems consist of two main parts: Electrical machines and Power electronic converters. Electrical machines are used for converting electrical energy to mechanical one in the generator state and vice-versa in the motor state. To emphasize the importance of these devices, it may be noted that electrical motors consume about half of the total generated electrical energy in the world. On the other hand, power electronic converters are essential equipments which are used for electrical energy conditioning. These equipments have observed considerable growth in modern industries in recent years. Because energy conditioning allows us to use energy with higher efficiency and better performance, in this chapter, importance of electric power converters in modern industries is presented. The aim of this presentation is showing the dependence of various industrial functions to conversion of electric power. Basic relations of various electrical machines as well as power electronic converters are presented. In each section, some typical industrial examples are presented. This background will be used in the next chapters for reliability calculation and improvement. In fact, this chapter is an introduction on reasons of writing an individual book about reliability of electric power converters.