LAS VEGAS — The Bosch Home Comfort Group maintained stable performance in 2025 despite challenging global HVAC market conditions, reporting preliminary sales of approximately €4.4 billion, excluding newly acquired units, at its press conference during the 2026 AHR Expo.
According to the company, overall sales remained at the prior year’s level amid declining demand in North America and continued uncertainty across European markets. In nominal terms, sales increased by 0.3 percent year over year, and by approximately 3 percent when adjusted for exchange rate effects.
The company completed the integration of the residential and light commercial HVAC business acquired from Johnson Controls and Hitachi in January 2026. Bosch said the integration is already delivering early synergy effects, including improvements to product portfolios and logistics operations.
"We're really excited that this is our first year at AHR as a newly global combined company that really has a lot to offer for our customers," said David Budzinksi, deputy CEO and regional president, Americas, Bosch Home Comfort Group. "We have been going through regulatory changes in the United States over the last seven years, combined with a significant amount of macro and microeconomic challenges in 2025 — tariffs, high interest rates, and low residential housing changes. Some of those challenges will still continue into the front half of the year. Despite that, we are quite positive about the second half and into 2027. We have a lot of overall opportunities, and when we brought these two large groups together, we created a champion. This is a brand portfolio that is second to none in our industry. We are here to take care of our local contractors, and they take care of our end users, whether that be a residential customer or a commercial customer.”
Budzinksi added the company’s many brands provide flexibility and choice, helping contractors serve diverse customer needs while positioning the company for growth in local markets. He cited replacements, modernization projects, electrification trends, and statutory efficiency requirements as key drivers of future demand.
A key growth focus in North America is company-owned distribution, Budzinski added. With the acquisition of US Air Conditioning, completed in late 2025, the company expanded its company-owned distribution footprint to more than 117 locations nationwide. The move is intended to bring the business closer to contractors while maintaining strong relationships with independent distributors, creating a diversified go-to-market strategy.
Looking ahead through 2032, the company is targeting mid-single-digit-plus annual growth, with the goal of outpacing the overall market and gaining share in residential, light commercial, and larger rooftop segments. The portfolio spans rooftop units from 3 to 150 tons, supporting both replacement and new construction needs.
Budzinski also highlighted strength in heating and heat pump offerings, including a focus on dual-fuel systems that provide customers with greater flexibility.
“We want to be able to give customers the option to install whatever types of products they would like in their homes and in their businesses,” Budzinksi said. “And we're also a big promoter of dual fuel systems that allow for flexibility within people's buildings or homes. And so you'll see a lot more of us from that overall portfolio, which, combined with our strength in the commercial, just gives us incredible potential in the North American market. So that, coupled with our brands and growth in our distribution channels, gives us a tremendous positive outlook on our industry and our overall opportunity for the North American market.”
