Bosch Thermotechnology sales continue to grow

GERMANY – Bosch Thermotechnology, one of Europe’s leading companies in hot water and heating, has released their sales figures for the first 5 months of 2015. The start of the year shows that Bosch’s sales have grown strongly between January and May with sales revenues for the first five months of 2015 up by 7% compared to the same period of the previous year.

Uwe Glock, Chairman of the Bosch Thermotechnology Division commented on the latest sales figures, saying “The past years have seen us make massive investments in the development of innovative technologies and we more than doubled our respective budget over the past ten years. This is now paying off. More than 100,000 networked products sold make us the leading supplier in the smart heating market”.

Bosch Thermotechnology continues to make headway in the CPI (Commercial, Public, Industrial) business with a joint venture with Midea for VRF (variable refrigerant flow) air-conditioning systems, which was agreed in March 2015, representing major progress in their challenge to become an international systems supplier. Another field of growth for Bosch have been cogeneration solutions such as combined heat and power (CHP) units. The CHP units have a total efficiency rating of over 80% which means that the carbon-friendly CHP technology is much more energy-efficient than generating heat and electricity separately.

“On the way towards thermotechnology of the future, we rely on three business segments, namely heating systems for residential buildings, water heaters as well as commercial and industrial heating and air-conditioning systems. We are making good progress in all three segments and want to outgrow the market,” concluded Uwe Glock.