• The Mexican market has huge market potential for electrical components, and there is a huge demand for electrical components, such as thermostats and timers on small household appliances. We, Forever Great, are committed to the exploration and development of the Mexican market for the thermostat market share. 
• Revenue in the Household Appliances market amounts to US$16.09bn in 2023. The market is expected to grow annually by 3.80% (CAGR 2023-2028).
• The market's largest segment is the segment Major Appliances with a market volume of US$10.61bn in 2023.
• In global comparison, most revenue is generated in China (US$166.20bn in 2023).
• In relation to the total number of households, per household revenues of US$437.70 are generated in 2023.
• In the Household Appliances market, 14.9% of total revenue will be generated through online sales by 2023.
• In the Household Appliances market, volume is expected to amount to 99.69m pieces by 2028. The Household Appliances market is expected to show a volume growth of 0.7% in 2024.
• The average volume per household in the Household Appliances market is expected to amount to 2.59pieces in 2023.

The market is divided into two major segments:

• Major Appliances, which includes refrigerators, freezers, dishwashing machines, washing machines, cookers, ovens, and air conditioners.
• Small Appliances, which includes vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills, roasters, coffee machines, and hair dryers.