Thermotechnology

Stable business trend in 2012 Bosch Thermotechnology sets course for more growth Sales outside Europe up by 26 percent

  • Gas remains the No. 1 fuel in Europe
  • Apps enable online control and monitoring of heating systems
  • Fuel cell heating system cuts power bills for home owners
Add to my press materials
Save text
  • March 12, 2013
  • Thermotechnology
  • Press releases

press release

Wetzlar/Frankfurt – After a stable business trend in 2012, the Bosch Thermotechnology Division intends to grow at an accelerated pace in the coming years. “The course has been set – we will launch a host of interesting innovations such as a power-generating heating system based on a fuel cell. We want to grow notably, primarily in our core business, i.e. heating and domestic hot water in Europe, but also in Asia and Russia, and we also intend to expand our global large-scale plant business,” said Uwe Glock, President of the Board of Management of the Thermotechnology Division, on the occasion of the ISH Energy, the world's largest energy and A/C technology exhibition in Frankfurt. “We expect moderate growth for the current fiscal year, which will be driven mainly by the good business trend in the BRIC countries.” Bosch Thermotechnology's business in Europe remained stable in 2012, with the company generating EUR 3.1 billion in sales, the same volume as in 2011. Outside Germany, Bosch Thermotechnology reported strong growth of 26 percent, especially in Russia and China.

Four new local production facilities in growth markets
Bosch Thermotechnology continued to expand its international presence in 2012. In Brazil, the company took over Heliotek Maquinas e Equipamentos in Sao Paulo, a manufacturer of heat pumps and solar thermal systems. In China, the company acquired Oak, a manufacturer of highly efficient heat pumps and air-handling systems headquartered in Quindao. In July 2012, a new production plant for solar thermal systems was opened in Kumbalgodu, South India, where Bosch Thermotechnology manufactures flat collectors especially for the Indian market. In April 2013, construction of a new production facility for industrial boilers and wall-hung condensing boilers will commence in the Russian city of Engels. Production is scheduled to start in the first quarter of 2014. “Russia is one of the biggest growth markets. Our new production facility takes us closer to the customer and will allow us to tailor our products to local requirements,” said Uwe Glock.

“Gas age” in the EU – focus on the European core market
Bosch Thermotechnology expects no recovery in its European core market, especially in the first half of 2013. According to the latest forecasts, growth in this region will remain moderate until 2020, with annual growth rates between 1 and 3 percent. “And this although some 15 million heating systems in Germany alone actually need to be replaced. Three in four heating systems do not even use the flue heat,” said Uwe Glock. “We ask politicians to create a clear legal framework for the modernisation of buildings, which would be an effective contribution to climate protection. The fact that the debate about subsidy schemes has been going on for years has caused uncertainty among many home owners, who have therefore postponed any further investments.”

In spite of the difficult situation, Bosch Thermotechnology intends to grow primarily in Europe. “We want to win additional market share,” said Uwe Glock. “The trend towards gas continues unabated, especially towards condensing technology, to combinations with renewables and to CHP solutions. The growing price gap between gas and electricity suggests that gas will become the dominating fuel by the end of the decade, especially in modernisation projects. Our innovative product range puts us in an excellent position to participate in this trend towards the new gas era.”

Smart heating solutions for a “connected life”
One of the innovations pushed ahead by Bosch Thermotechnology is the connection of heating systems to the Internet. This enables home owners to adjust their heating systems to changing weather conditions, e.g. a sudden onset of winter, even when they are not at home. For this purpose, Bosch Thermotechnology has developed a number of apps which allow heating systems to be controlled via a smartphone, tablet computer or PC. Moreover, problems can be identified quickly and the first maintenance steps be taken by way of remote diagnosis. Heating engineers can obtain potentially required spare parts in advance, which speeds up the maintenance or repairs.

“There is a trend from traditional heating systems to smart heating and to smart homes,” said Uwe Glock. Web-enabled heating systems will become an important component of smart home systems, which can control different devices and systems via a shared software platform. Such platforms are developed by Bosch Software Innovations, the software and systems house of the Bosch Group. “This shows in what way the knowledge and experience of other Bosch divisions give us a lead over competition. Further examples are the injection nozzles and Lambda probes used in the new gas condensing boiler Buderus Logano plus GB 145, which were developed by Bosch Automotive Technology.”

Fuel cell heating system for private homes
At the ISH, Bosch Thermotechnology will present a new fuel cell heating system for one and two-family homes and small commercial buildings. Japanese technology company Aisin Seiki supplies the power generating module. Thanks to the system’s internal power generation, total annual electricity costs are cut by 25 to 40 percent. At the same time, carbon emissions are reduced by 50 percent compared to a conventional heating system. As a partner in “ene.field” (www.enefield.eu), the largest European demonstration project for fuel cell systems, Bosch Thermotechnology will install some 70 systems in Germany, the UK, France and the Netherlands starting next year.

Contact for journalists:
Silke Bartels
Phone +49 6441 418-1711

Bosch Thermotechnology is a leading European manufacturer of energy-efficient heating products and hot water solutions. In fiscal 2015, the company generated sales of 3.3 billion euros (68 percent outside Germany) and employed approx. 13 400 people. Bosch Thermo­technology has strong international and regional brands and manufactures a diversified product range in Europe, America and Asia.

Further information is available online at www.bosch-thermotechnology.com.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

Further information is available online at www.bosch.com, www.bosch-press.com, http://twitter.com/BoschPresse.

PI8077 - March 12, 2013

Your contact person for journalists

Silke Bartels

+49 6441 418 1711 Send Email

Share this information