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Passive components essential in advancing power converter technology

Power converter market is expected to reach $190 billion by 2030, with a forecasted CAGR of over 7% between 2024 and 2030. There remains substantial untapped potential for integrating passive components into solutions.

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DQI Bureau
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Here are the key highlights related to the Yole Group’s report, Passive Components for Power Converters 2025. They include:

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Market drivers
Sustainability trends: The power converter market is propelled by sustainable trends such as decarbonization, electrification across industries, the rise of renewable energy sources, and increasing electricity demand.
Cost and efficiency benefits: Selecting the right passive components can significantly reduce the cost, size, and weight of converters while minimizing cooling requirements. Additionally, there remains substantial untapped potential for integrating passive components into solutions.

Market outlook
* The power converter market is expected to reach $190 billion by 2030, with a forecasted CAGR of over 7% between 2024 and 2030.
* Passive components analyzed in Yole Group’s report represent about 15% of the total converter market value in 2024, with:

Capacitors are the largest segment, driven by customized solutions for electric vehicles (xEVs). Its CAGR will reach more than 6.3% between 2024 and 2030. Inductors are the second-largest sector, with nearly 7% CAGR expected during the forecast period. Yole Group’s passive components report also covers resistors and laminated bus bars…
Supply chain insights

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Current landscape: Tier 1 suppliers and OEMs focus more on active devices but are increasing attention on passives. Chinese OEMs, known for vertical integration, have started producing their own passive components.

Collaborative solutions:
* Potential for greater OEM-supplier collaboration to establish standards.
* Development of single EMI solutions tailored to specific segments and regions.

Manufacturing
The capacitor manufacturing is dominated by large-scale production of “off-the-shelf” components. Leading manufacturers include Nippon Chemi-Con, Nichicon, Faratronic, TDK, Yageo, Rubycon, and Samsung (primarily based in Asia).

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Regarding inductors, they are more customized, with leading manufacturers distributed globally.

Electronic components
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