Bosch Plans to Generate Billions in Sales with Green Tech for Industry

In the fight against climate change, technology is paving the way, and Bosch is at the forefront of these endeavors. In February 2020, the German tech giant became the first global industrial company to achieve carbon-neutral production. It is developing green technologies that conserve resources, reduce energy consumption, protect the environment, and mitigate global warming.

“Industry will become a driver of ecological transformation in business and society. Bosch is mobilizing all its resources and contributing its technological know-how and many years of manufacturing expertise,“ says Rolf Najork, a member of the Bosch board of management responsible for industrial technology.

In 2021, green tech for the industry generated sales of over €800 million for the company. That is just under 14 percent of the total sales of Bosch’s Industrial Technology business sector (€6.1 billion in 2021). The green tech market is growing by 8 percent annually. “Bosch is growing faster than the market. By 2023, we want to break the one-billion-euro mark in sales of green industrial technology,“ Najork says.

Ecological transformation is paying off: according to the VDMA, the association of German machinery and equipment manufacturers, the systematic use of green tech can cut industrial greenhouse gas emissions by almost 90 percent. The VDMA study also says that by 2050, the expansion of climate-friendly technologies in the industrial sector will create a market potential of over €300 billion a year.