India, Feb. 4 -- Here are the key highlights related to the Yole Group's report, Passive Components for Power Converters 2025. They include:

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...