Passive components market for power converters to reach $11.5bn by 2027, says Yole
Author: EIS Release Date: Jun 22, 2022
The overall passive components market for power converters will reach $11.5 billion by 2027, says Yole Developpement, with the gate driver IC market reaching $2.7 billion.
The overall passive components market for power converters will reach $11.5 billion by 2027, says Yole Developpement, with the gate driver IC market reaching $2.7 billion.
EV/HEV applications increasingly drive technology trends in passive components. Therefore, highly reliable passive components are needed.
The gate driver IC market is dominated by level shifter-type gate drivers, followed by non-isolated gate drivers with an increase of interest for galvanic isolated gate drivers.
“The growing market attracts new players, such as Nippon Chemi-Con, Murata, Kyocera/AVX, and TDK, all in Japan; Vishay in the USA; Yageo in Taiwan, and Samsung Electro-mechanics in Korea,” says Yole’s Shalu Agarwalm “in the case of capacitors, Nippon Chemi-Con, Nichicon, Rubycon, and Panasonic are the top electrolytic capacitor manufacturers, and Panasonic, TDK, Nichicon, and Vishay are the leading film capacitor manufacturers. Likewise, TDK, Samsung Electro-mechanics, Yageo, and Murata are the top inductor manufacturers. Finally, Rogers Corporation and Mersen are the leading laminated busbar manufacturers”
Yole sees a clear trend among passive components companies to diversify their businesses and regional portfolios. Many passive component suppliers are involved in more than one component. Many passive component companies have a presence and manufacturing capacities in several countries. Manufacturing in countries like China, India, and Latin America incurs lower costs than in Europe or Japan.
Because of the growing demand, Yole expects mergers and acquisitions among passive component companies will continue in the coming years, aiming to add new product lines, increase profitability, access more customers, or eliminate competition.
“Most of the leading players, such as TI and Infineon, are expanding their business into new segments and products to widen their portfolio and secure the supply chain,” says Yole’s Ana Villamor.
Although a large portion of power devices are sold in China, the gate driver market is still dominated by leading international players. However, with the already imminent growth of the country’s electric vehicle market, local companies could be carving out a niche for themselves as major suppliers and could be of concern to current market leaders. They seem to have decided to make the leap to new galvanic isolation technologies