Bosch commits over €1bn to heat pump production
GERMANY: Bosch has committed more than €1bn over the remainder of this decade to further expand its heat pump development and manufacturing network in Europe.
Of this amount, some €255m will go into a new heat pump manufacturing site in Dobromierz in Lower Silesia, Poland. Construction work is to start in 2024 with production scheduled for the end of 2025/start of 2026.
The German manufacturer will also be strengthening its existing European locations. At the Bosch Group’s oldest location in Eibelshausen in Germany, for example, the new year will see the start of production of an “especially quiet” indoor unit running on R290.
Since 2019, the overall number of models in Bosch’s heat-pump portfolio has doubled, with existing models being modified or updated. Apart from Eibelshausen, Bosch also develops and manufactures heat pumps in Aveiro, Portugal, Tranås, Sweden, and Wernau, Germany. In Israel, Bosch is part of a joint venture for reversible heat pumps with Electra Industries.
Heat pumps are a major growth area for the Bosch Home Comfort Group, which was formerly known as Bosch Thermotechnology. Globally, its heat-pump sales grew 54% in 2022. For the European heat-pump market as a whole, annual growth of roughly 20% is forecast between now and 2025.
“In the European Union, we expect growth in this very dynamic environment to be exceptionally high, and have set ourselves the target of growing significantly faster than the market. Together with our existing plants in Europe, the new plant in Poland will helps us achieve these growth targets,” said Jan Brockmann, the CEO of the Bosch Home Comfort Group.