Supporting our customers on the energy transition journey
BDR Thermea continued to grow in 2022, making solid progress in our mission to bring a sustainable future closer
2022: a year of growth
BDR Thermea Group achieved net sales of €2.2 billion in 2022, a five percent increase in turnover from 2021. Most of our major sales destinations increased. Sales growth came from more heat-pump markets, a strengthened market position in several product/market combinations, and sales price increases from higher purchase prices.
The overall heat-pump market in Western Europe grew by 51 percent in 2022 to 1.1 million units, following year-on-year growth of 55 percent in 2021. This was due to the acceleration of the energy transition, with a faster shift to heat pumps, supported by legislation and continued government incentive programs supporting the wish of European consumers to access low-carbon heating solutions. Our heat-pump business grew by more than 50 percent compared to 2021 This was supported by market growth and the expansion of our market position in the Netherlands and Germany.
Powered by our values, mission, and strategy, I am confident we will seize the opportunities ahead as we grow together with energy.”
CEO BDR Thermea Group
Making the energy transition a reality
In 2022, BDR Thermea successfully delivered on its mission to bring a sustainable future closer by focusing on the 4Hs: heat pumps, hybrids, hydrogen, and heat networks. We introduced 18 new heat-pump solutions and led the market for hybrid solutions, mainly in the Netherlands. The latter allows every household, no matter the age of their building, to reduce their carbon emissions by up to 70 percent. Hybrid solutions are expected to become the standard in Germany by 2024, and in the Netherlands by 2026 when homeowners replace their old boilers.
We were also part of the launch of the world’s first hydrogen street. Using our hydrogen boiler, 12 houses in the eastern Dutch town of Lochem are now heated with hydrogen, thanks to a collaborative project with energy network company Alliander.
As well as offering the right technology, we are helping installers across Europe to reskill. In 2022, we trained 20,500 of them to install and commission our solutions in the right way.
To better serve our customers in the fast-growing European market for heat networks, and to help make the energy transition a reality, we acquired Fortes Energy Systems, a fast-growing manufacturer of heat network solutions.
