Thermotechnology

Good performance in 2013 Bosch Thermotechnology increases market shares globally Innovative smart heating solutions

  • Sales revenues up by 3.5 percent in exchange rate-adjusted terms
  • Dynamic development in Asia
  • Thermotechnology Head Glock: “Buildings are the most important starting point to reach the climate targets”
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  • March 13, 2014
  • Thermotechnology
  • Press releases

press release

Stuttgart – Bosch Thermotechnology performed well in the past year and projects even stronger growth for 2014. “The anticipated recovery in Europe is slow, but there have recently been more and more positive signs in key thermotechnology markets,” says Uwe Glock, President of the Board of Management of the Thermotechnology Division. “We are satisfied with the performance in the past year, although the economic situation in Europe, our main market, remains difficult. We were able to improve our cost position significantly. This allowed us to start the year 2014 in a stronger state and we now want to further expand our good market positions, especially as the world market leader in heating systems for residential buildings.” Last year, global sales revenues from heating systems, air-conditioning technology and DHW heating systems for private and commercial buildings, public and industrial facilities increased by 2 percent to EUR 3.12 billion. In exchange rate-adjusted terms, they picked up by as much as 3.5 percent. At 13,500, Bosch Thermotechnology's headcount was slightly down by 1.5 percent on the previous year.

Bosch Thermotechnology expects good growth opportunities to arise also from intelligently networked energy technology in buildings: “Our innovations are setting technological standards in smart heating,” says Glock. An installed base of over 25,000 networked products means that Bosch Thermotechnology has great experience in this market. “The Internet of Things allows devices and systems in a building to communicate with each other. This trend will transform the market significantly in the coming years and also enable new services,” says Uwe Glock. The EasyControl Pro app is a practical example, which permits to monitor several systems from a distance. This way, operating faults are identified at an early stage and the installer can procure the required spare parts without previously having to be on site. Users can rely on the very high security and data protection standards developed by Bosch.

Recovery in important European markets
Sales in the UK, Turkey and Russia showed a very positive trend in 2013. Russian production of industrial boilers and heating appliances starts in Russia in July 2014 and will help to further stimulate growth in this region. A moderate recovery was reported in Spain, Portugal, Poland and the Czech Republic, while demand in the Netherlands continued to decline for market-related reasons. France, the Benelux countries and Italy also reported moderate demand. Bosch Thermotechnology was able to grow in its most important market, Germany, and expects the recovery to accelerate in 2014. Overall, the European market will be stable in 2014. This market accounts for 90 percent of Bosch Thermotechnology's revenues.

Asia a growth driver
In China, Bosch Thermotechnology's sales revenues increased by over 50 percent in 2013 – just like in 2012. Bosch Thermotechnology meanwhile holds a market-leading position as a systems supplier for heating and air-conditioning technology and DHW heating. “We benefit from the fact that we are the first European company to produce gas condensing boilers for the region in China,” says Glock. The same applies to locally produced air-conditioning systems for commercial and industrial use and industrial boilers: “Our high quality standards and the excellent education enjoyed by installers as well as our service are very much appreciated in China.” Sales in North America, where highly-efficient heating and air-conditioning systems are only slowly becoming accepted, were disappointing.

Increased energy efficiency for effective climate protection
“Unfortunately, politicians in many countries are still reluctant to promote refurbishment measures in buildings in order to improve energy efficiency and, hence, climate protection”, says Uwe Glock, who believes that, if things stay this way, the European Union will miss its target of cutting energy requirements by 20 percent by the year 2020. Accounting for 40 percent of the worldwide energy requirements, buildings are the most important starting point when it comes to reaching the climate targets. Commercial and industrial plants also offer huge potential. Optimised energy management can help reduce the energy requirements of large plants by 20 to 30 percent. This would be a major step towards a successful change in energy policy.

Smart heating helps optimise heating systems in buildings
“Smart heating” opens up additional possibilities to optimise heating systems in buildings. The term refers to the intelligent networking of heating systems, which can be controlled using a smart phone or tablet computer, for instance. Bosch Thermotechnology already offers many smart heating products meeting the specific requirements of the individual local markets.

In Germany, for instance, the “Buderus Easy Control” and “Junkers Home” apps for heating control were launched back in 2011, and three boiler series are Internet-enabled as a standard feature. Buderus boilers can be integrated into building control systems such as RWE Smart Home or MyGekko. In Sweden, Bosch Thermotechnology offers an app which finds the most favourable electricity tariff for the operation of electric heat pumps. Smart grids whose electricity prices change during the day are already common practice in Sweden. The app makes it possible to operate heat pumps primarily at times when power is particularly cheap. In the Netherlands, Bosch Thermotechnology offers the WLAN-enabled “Nefit Easy” controller with modern touch screen design, which allows users to control their heating systems from the comfort of their smart phone. It meets the special requirements of the Dutch market, e.g. the definition of a room that is relevant for temperature control.

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.

PI8522 - March 13, 2014

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