There are many reasons to increase frequency of power conversion.  Fundamentally, these reasons boil down to size/weight reduction, and cost reduction.  There are several components in the design of a power system that must perform efficiently at the targeted increased switching frequencies.  These include power switches, power switch drivers, controllers, magnetics, and capacitors. Taken collectively, these components represent the high frequency power conversion ecosystem.  Without any of these elements, the benefits of increased frequency cannot be fully realized.