Market and Technology Trends

Passive Components for Power Converters 2022

By Yole Intelligence

Continuous growth (CAGR 2021-2027: 8%) of the market for passive components will drive supply chain consolidation

Key Features

  • The passive component market is over 15% of the size of the converter market, reaching $7.4B in 2021
  • The EV/HEV industry will drive a remarkable expansion of the capacitor, inductor, and transformer markets over the next five years, with a CAGR 2021-2027 exceeding 18%
  • The laminated busbar market for the rail industry represents over $75M
  • Nippon Chemi-Con, Nichicon, Rubycon, and Panasonic are the top electrolytic capacitor manufacturers, and Panasonic, TDK/Epcos, Nichicon, and Vishay are top film capacitor manufacturers
  • Rogers Corporation and Mersen are the leading laminated busbar manufacturers
  • In the power capacitor industry, film technology continues to be the mainstream
  • The specific requirements of passive components for automotive applications, such as vibration tolerance, downsizing, high-temperature tolerance, high reliability, and better thermal management, offer the opportunity for passive component manufacturers to improve their market position by providing solutions adapted to continuously evolving customer needs

What's new

  • Market forecast 2021-2027 in $M and units for capacitors, inductors, transformers, resistors, and laminated busbars
  • Market evolution analysis for these passive components in EV/HEV, photovoltaics, wind turbines, rail traction, UPS, and industrial motor drives
  • Passive component manufacturer landscape, supply chains and market shares
  • Presentation of the main technologies, innovations and challenges for capacitors, magnetics, resistors, and laminated busbars
  • Passive components demand and shortage analysis
  • Focus on how new trends including higher temperatures and higher switching frequencies at system level will impact the requirements for passive components
  • Analysis of the presence, functionality, and trends for passive components in power converters
  • Future technology roadmaps

Objectives of the report

  • Identify and analyze the main market segments for different passive devices
  • Analyze the dynamics of different markets and provide insight into drivers, restraints and challenges
  • Analyze the supply chain structure and evolution, and identify the key players. Provide an insight into vertical and horizontal integration trends, recent investments and M&A.
  • Provide a clear overview of current passive component technologies.
  • Highlight the main challenges and proposed innovations.

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