The global market for heating, ventilation, and air conditioning systems amounted to more than 150 billion euros in 2024. Air conditioning systems alone accounted for two-thirds of this, According to Bosch analyses. Demand will continue to increase significantly in the coming years, owing to global warming as well as other factors. Bosch’s forecast projects that sales of air conditioning units worldwide are expected to increase to more than 200 million units per year by 2030, almost a fifth more than in 2024.

“We want to help shape this market and use energy-efficient solutions to ensure that people can make their everyday lives comfortable and healthy, even on increasingly hotter days, whether at home, at work, or while shopping,” said Frank Meyer, who is responsible for energy and building technology and thus also for the Home Comfort division at Bosch.

According to calculations by the International Energy Agency in 2018, a global temperature increase of only one degree Celsius by 2050 will increase the need for cooling worldwide by 25%. Reputable climate researchers are now forecasting significantly greater global warming.