The modulizer didn't work for me, thus if just simply used an iframe to integrate a video. Since I don't need any of the google-youtube webcomponent properties this works fine for my website.
<iframe
class="video-frame"
src="https://www.youtube.com/embed/[[videoId]]"
allowfullscreen="allowfullscreen"
mozallowfullscreen="mozallowfullscreen"
msallowfullscreen="msallowfullscreen"
oallowfullscreen="oallowfullscreen"
webkitallowfullscreen="webkitallowfullscreen"
frameBorder="0">
</iframe>
see also w3schools for additional query parameters like autoplay etc.