Jun 10, 2026
Payments giant Visa has integrated its payment network into ChatGPT, according to an announcement made Wednesday. The integration enables the chatbot to independently shop and complete transactions on behalf of its users, as reported by the Associated Press.
This development means AI agents can now not only recommend products but also finalize purchases at potentially any merchant that accepts Visa. Previous attempts by the payment network at this technological leap were limited to a single retailer or a small set of enrolled merchants.
This is not OpenAI’s first foray into e-commerce. The company introduced Instant Checkout late last year, which allowed ChatGPT to search the internet for a specific item like a digital personal shopper. However, that process was prone to errors and was not widely adopted by merchants due to the fee OpenAI charged. OpenAI retired Instant Checkout in March.
The collaboration between Visa and OpenAI differs from previous efforts, as it will allow users to link their Visa cards to ChatGPT for shopping and make it easier for merchants to accept transactions initiated by agents. OpenAI will provide the technology enabling agents to interact, make decisions, and initiate purchases through ChatGPT. Visa, described as the world’s largest payment network outside of China, will handle payment authorization and fraud monitoring at scale.
Jack Forestell, chief product and strategy officer at Visa, commented at a company event in San Francisco on Wednesday that as AI agents become active participants in the economy, Visa’s focus is to ensure transactions are trusted, secure, and seamless. Forestell gave an example of a customer telling ChatGPT they are looking for a pair of wireless headphones under $150, with the chatbot finding a pair under those parameters and buying it on behalf of the customer.
Visa and OpenAI did not disclose the financial terms of the collaboration and did not provide details on fees for merchants or customers. Instant Checkout had charged merchants 4% of the transaction value, which merchants considered too expensive.
Allowing AI agents to buy products on behalf of consumers raises concerns for both banks and retailers. Potential issues include a customer overspending, the agent buying the wrong item, or the customer claiming they did not authorize the transaction. Banks have expressed concern about potential fraud claims when an agent uses a bank customer’s credit or debit card. Visa stated that the feature will include guardrails such as spending limits, required approval steps, and approved merchants for shopping to protect consumers and minimize fraud.
Interactive table based on the Store Companies dataset for this report.
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Sort: Company A-Z
Sort: Headquarters A-Z
#
Company
Headquarters
Focus
Scale
Note
1
ABB Inc.
Cary, North Carolina
Power converters, drives, UPS
Global
US HQ of Swiss group, major mfg.
2
Siemens Industry Inc.
Alpharetta, Georgia
Frequency converters, drives
Global
US HQ of German group, large producer
3
Eaton Corporation
Dublin, Ohio
Power conversion, UPS, inverters
Global
Major power management company
4
Vertiv Holdings Co
Columbus, Ohio
Power conversion, UPS, DC systems
Global
Critical digital infrastructure
5
Schneider Electric USA
Boston, Massachusetts
UPS, inverters, power conversion
Global
US ops of French group, major player
6
Advanced Energy Industries
Denver, Colorado
Precision power converters
Global
Industrial, semiconductor, medical
7
AMETEK Programmable Power
San Diego, California
AC/DC power supplies, inverters
Large
Part of AMETEK Inc.
8
Bel Fuse Inc.
Jersey City, New Jersey
DC-DC converters, power supplies
Large
Electronic components & power
9
Delta Electronics (Americas)
Fremont, California
Power electronics, converters, UPS
Global
US HQ of Taiwanese group
10
TDK-Lambda Americas
San Diego, California
AC-DC, DC-DC power supplies
Large
US ops of Japanese group
11
XP Power
Denver, Colorado
AC-DC, DC-DC power converters
Large
Americas HQ of Singapore group
12
CUI Inc
Lake Oswego, Oregon
Board mount, external power converters
Medium
Part of Bel Fuse
13
Vicor Corporation
Andover, Massachusetts
Modular power converters, BCMs
Medium
High-density power solutions
14
Artesyn Embedded Power
Tempe, Arizona
Embedded power converters, supplies
Medium
Part of Advanced Energy
15
Power Innovations International
American Fork, Utah
DC-AC inverters, power systems
Medium
Critical power solutions
16
Tripp Lite
Chicago, Illinois
UPS, inverters, power accessories
Medium
Part of Eaton since 2021
17
Cyber Power Systems
Shakopee, Minnesota
UPS, power inverters, PDU
Medium
Consumer & business power
18
APC by Schneider Electric
Boston, Massachusetts
UPS, power conversion
Global
Brand under Schneider Electric
19
Bel Power Solutions
Fremont, California
DC-DC converters, power supplies
Medium
Division of Bel Fuse
20
Mean Well USA
Fremont, California
Standard power supplies, converters
Large
US HQ of Taiwanese mfg.
21
SolarEdge Technologies
Milpitas, California
Solar inverters, power optimizers
Global
PV inverter specialist
22
Enphase Energy
Fremont, California
Microinverters, energy management
Global
Solar power conversion
23
Generac Power Systems
Waukesha, Wisconsin
Inverters, backup power systems
Large
Home & industrial backup power
24
Exide Technologies
Milton, Georgia
Inverters, chargers, energy storage
Large
Battery & power conversion
25
C&D Technologies
Blue Bell, Pennsylvania
Power conversion, rectifiers, UPS
Medium
Part of EnerSys
26
Lite-On Power Electronics
Fremont, California
Power supplies, adapters, converters
Large
US ops of Taiwanese group
27
Murata Power Solutions
Mansfield, Massachusetts
DC-DC converters, AC-DC supplies
Large
US ops of Japanese group
28
COSEL USA
Torrance, California
AC-DC power supplies, converters
Medium
US subsidiary of Japanese Co.
29
Acme Electric
Lumberton, North Carolina
Transformers, power converters
Medium
Part of Hubbell Inc.
30
Tamura Corporation of America
Temecula, California
Power supplies, converters
Medium
US ops of Japanese manufacturer
This report provides a comprehensive view of the static converter industry in the United States, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the static converter landscape in the United States.
Quick navigation
Key findings
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for the United States. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverageProdcom 27115030 – Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)Prodcom 27115033 – Accumulator chargersProdcom 27115040 – Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereofProdcom 27115053 – Inverters having a power handling capacity . 7,5 kVAProdcom 27115055 – Inverters having a power handling capacity > 7,5 kVAProdcom 27115070 – Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)Prodcom 27904130 – Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)Prodcom 27904140 – Power supply units for telecommunication apparatus, automatic data-processing machines and units thereofProdcom 27904153 – Inverters having a power handling capacity u2264 7,5 kVAProdcom 27904155 – Inverters having a power handling capacity > 7,5 kVAProdcom 27904170 – Static converters (excluding polycrystalline semiconductors, converters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)Prodcom 27904190 – Parts of static converters, n.e.c. (excl. electronic assemblies of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)Country coverageCountry profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for the United States. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links static converter demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in the United States.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of static converter dynamics in the United States.
FAQ
What is included in the static converter market in the United States?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for the United States.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Report Scope and Analytical Framing
Report DescriptionResearch Methodology and the Analytical FrameworkData-Driven Decisions for Your BusinessGlossary and Product-Specific Terms2. EXECUTIVE SUMMARY
Concise View of Market Direction
Key FindingsMarket TrendsStrategic ImplicationsKey Risks and Watchpoints3. DOMESTIC MARKET SIZE AND DEVELOPMENT PATH
Market Size, Growth and Scenario Framing
Market Size: Historical Data (2012-2025) and Forecast (2026-2035)Growth Outlook and Market Development Path to 2035Growth Driver DecompositionScenario Framework and Sensitivities4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES
Commercial and Technical Scope
What Is Included and How the Market Is DefinedMarket Inclusion CriteriaProduct / Category DefinitionExclusions and BoundariesDistinction From Adjacent Products and Substitute Categories5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX
How the Market Splits Into Decision-Relevant Buckets
By Product Type / ConfigurationBy Application / End UseBy Customer / Buyer TypeBy Channel / Business Model / Technology PlatformSegment Attractiveness MatrixProduct Matrix and Segment Growth Logic6. DOMESTIC DEMAND, CUSTOMER AND BUYER ARCHITECTURE
Where Demand Comes From and How It Behaves
Consumption / Demand: Historical Data (2012-2025) and Forecast (2026-2035)Demand by End-Use and Buyer GroupDemand by Customer / Consumer SegmentPurchase Criteria, Switching Logic and Adoption BarriersReplacement, Replenishment and Installed-Base DynamicsFuture Demand Outlook7. DOMESTIC PRODUCTION, SUPPLY AND VALUE CHAIN
Supply Footprint and Value Capture
Production in the CountryDomestic Manufacturing FootprintCapacity, Bottlenecks and Supply RisksValue Chain Logic and Margin PoolsDistribution and Route-to-Market Structure8. IMPORTS, EXPORTS AND SOURCING STRUCTURE
Trade Flows and External Dependence
ExportsImportsTrade BalanceImport DependenceSourcing Risks and Resilience9. PRICING, PROMOTION AND COMMERCIAL MODEL
Price Formation and Revenue Logic
Domestic Price Levels and CorridorsPricing by Segment / Specification / ChannelCost Drivers and Margin LogicPromotion, Discounting and Procurement PatternsRevenue Quality and Commercial Levers10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER
Who Wins and Why
Market Structure and ConcentrationCompetitive ArchetypesSegment-by-Segment Competitive IntensityPortfolio Breadth and Product PositioningCapability MatrixStrategic Moves, Partnerships and Expansion Signals11. DOMESTIC MARKET STRUCTURE AND CHANNEL LOGIC
How the Domestic Market Works
Core Demand CentersLocal Production and Distribution RolesChannel StructureBuyer and Procurement ArchitectureRegional Imbalances Within the Country12. GROWTH PLAYBOOK AND MARKET ENTRY
Commercial Entry and Scaling Priorities
Where to PlayHow to WinDistributor / Partner / Direct Entry OptionsCapability ThresholdsEntry Risks and Mitigation13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES
Where the Best Expansion Logic Sits
Most Attractive Product NichesMost Attractive Customer SegmentsWhite Spaces and Unsaturated OpportunitiesHigh-Margin and Underpenetrated PocketsMost Promising Product Adjacencies14. PROFILES OF MAJOR COMPANIES
Leading Players and Strategic Archetypes
Leading Manufacturers and SuppliersProduction Footprint and CapacitiesProduct Portfolio and Segment FocusPricing Positioning and Indicative Price LogicChannel / Distribution StrengthStrategic Archetypes15. METHODOLOGY, SOURCES AND DISCLAIMER
How the Report Was Built
Modeling LogicSource RegisterPublications, Regulatory and Industry ReferencesAnalytical NotesDisclaimer
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ABB Inc.
US HQ of Swiss group, major mfg.
Siemens Industry Inc.
US HQ of German group, large producer
Eaton Corporation
Major power management company
Vertiv Holdings Co
Critical digital infrastructure
Schneider Electric USA
US ops of French group, major player
Advanced Energy Industries
Industrial, semiconductor, medical
AMETEK Programmable Power
Part of AMETEK Inc.
Bel Fuse Inc.
Electronic components & power
Delta Electronics (Americas)
US HQ of Taiwanese group
TDK-Lambda Americas
US ops of Japanese group
XP Power
Americas HQ of Singapore group
CUI Inc
Part of Bel Fuse
Vicor Corporation
High-density power solutions
Artesyn Embedded Power
Part of Advanced Energy
Power Innovations International
Critical power solutions
Tripp Lite
Part of Eaton since 2021
Cyber Power Systems
Consumer & business power
APC by Schneider Electric
Brand under Schneider Electric
Bel Power Solutions
Division of Bel Fuse
Mean Well USA
US HQ of Taiwanese mfg.
SolarEdge Technologies
PV inverter specialist
Enphase Energy
Solar power conversion
Generac Power Systems
Home & industrial backup power
Exide Technologies
Battery & power conversion
C&D Technologies
Part of EnerSys
Lite-On Power Electronics
US ops of Taiwanese group
Murata Power Solutions
US ops of Japanese group
COSEL USA
US subsidiary of Japanese Co.
Acme Electric
Part of Hubbell Inc.
Tamura Corporation of America
US ops of Japanese manufacturer
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