THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47595

Retail sale of electrical household appliances in specialized stores

ประกอบกิจการจำหน่ายเครื่องใช้ไฟฟ้า เครื่องใช้ไฟฟ้าในครัวเรือน อิเล็กทรอนิกส์ชนิดใช้ในครัวเรือน รวมถึงอะไหล่วัสดุและอุปกรณ์ เครื่องใช้ไฟฟ้าทุกชนิด

What this activity covers

This activity involves the retail sale of various household electrical appliances in specialised stores.

  • Household electrical appliances — Includes refrigerators, freezers, washing machines, and more.
  • Cooking appliances — Includes electric ovens, microwave ovens, and non-electric stoves.
  • Cleaning appliances — Includes vacuum cleaners, floor scrubbers, and dishwashers.
  • Heating appliances — Includes electric heaters, blankets, and irons.
  • Small kitchen appliances — Includes blenders, juicers, and coffee machines.

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Installation services — Includes installing and maintaining appliances like air conditioning units.
  • Repair services — Includes repairing various household electrical appliances.
  • Retail of related equipment — Includes selling items like portable gas stoves.

Not included here

  • Retail sale of audio and video equipment such as radios, televisions, CD and DVD players. See activity 47420.

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 47

Retail sale of goods of all kinds, where the aggregate minimum capital or the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority retailer is exempt from this List 3 item (no Foreign Business Licence needed) once registered capital meets the Act's minimum, typically THB 100 million in total and THB 20 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (14)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

4,548
active companies operate here
฿37.2Bregistered capital, combined
฿90.7B
Sector revenue · 2025
-16% since 2023
฿-6223013104
Net profit · 2025
2,101 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
17%of new registered capital is foreign-held
฿39.0M foreign฿186.6M Thai

Foreigners are actively investing in this activity.

1 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

194-8.1%

registrations, YTD

Registered capital

฿37.2B+35.1%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1Power Buy Co., Ltd.฿14.0B
  2. 2VANGUARD ELECTRIC (THAILAND) CO., LTD.฿3.9B
  3. 3Sharp Thai Co., Ltd.฿2.8B
  4. 4MD Consumer Appliance (Thailand) Co., Ltd.intl฿2.4B
  5. 5Chiang Mai Siam TV Co., Ltd.฿1.9B

Largest by registered capital

  1. 1Power Buy Co., Ltd.Bangkok฿22.6B
  2. 2VANGUARD ELECTRIC (THAILAND) CO., LTD.Chon Buri฿792.0M
  3. 3STAR MONEY PUBLIC CO., LTD.Rayong฿550.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

1,418
Registered
since 2022
1,327
Still active
91
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 365 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand