Climate-neutral technologies: Energy crisis driving market demand

While the energy and climate crisis poses many challenges, it is also driving the global market for climate-neutral technologies. This opens up diverse prospects for Bosch, with sales of more than 20 billion euros for Bosch Homewares, for example. “Our portfolio has a positive impact on about 90 percent of energy consumption in the home sector, 85 percent of which is related to heating and hot water and 15 percent to household appliances.” According to Dr. Christian Fischer, Vice Chairman of the Board of Directors of the Bosch Group, he is also responsible for the Group’s consumer goods, energy and construction technology businesses. In the German market, Bosch heat pump products achieved a 50% increase in sales in 2022. From 2023 to 2025, the European heat pump market is expected to grow by 25% to 35% per year, and Bosch plans to achieve an annual growth rate of nearly 40% in this market, thereby consolidating its market share. This is why Bosch is expanding its heat pump manufacturing capacity in Europe: since the beginning of this year, Bosch has stepped up the construction of a production site in Albershausen, Germany. Bosch also sees growth potential in the transformation of energy systems. “It is important to note that the transformation of the energy system must be affordable.” “In the field of architectural design, for example, the cost of renovation and retrofitting cannot be underestimated,” says Dr. Fischer. That’s why Bosch combines a heat pump and a gas boiler into a hybrid heating system. For the future, Dr. Fischer sees potential in optimizing the flow of energy between cars and buildings. “Bosch is pushing for electrification in everything from bicycles to hydraulics, and we know everything about architectural design and automotive.”

Climate-neutral technologies: Energy crisis driving market demand

IS200ADIIH1A

Employer appeal: Sustainability attracts professionals

In 2022, Bosch also made progress on its sustainability and climate goals, increasing the share of renewable energy in electricity consumption from 89% to 94%. “The Bosch Group aims to achieve 1.7 billion KWH of energy savings by 2030 and is almost halfway there by 2022.” Filiz Albrecht, Member of the Bosch Group Board of Directors, Chief Human Resources Officer and Head of Sustainability, says: “Our commitment to sustainability also makes Bosch an even more attractive employer.” She believes that a company’s sustainable development strategy is becoming an increasingly important consideration for job seekers. At a time when professional talent is in short supply, finding the right talent globally has become more difficult for Bosch. Albrecht noted that India plays an important role in the competition for software professionals. Bosch has 17,000 software talent in India and has grown from 38,000 to 44,000 globally. However, Bosch is still in high demand for software developers and expects to add about 10,000 related jobs in the next five years. “In the future, Bosch will employ more than 50,000 people in software development,” Albrecht said. Bosch is also developing digital skills among its production staff. This year, for example, Bosch’s Automotive and Intelligent Transportation Technology business unit will launch the “LernWerk” initiative, which aims to help employees improve the skills necessary to work in the “factories of the future” located in all regions of Germany.