Trane Technologies Plc - Company Profile
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Business Description
Trane Technologies Plc (Trane Technologies), formerly Ingersoll-Rand Plc, designs, manufactures and sells a portfolio of industrial and commercial products, and provides related services. The company owns and has leasing interests in 38 manufacturing and assembly plants worldwide with a total area of approximately 28 million sq ft. The company operates through three business segments: Americas, EMEA and Asia Pacific. In FY2022, the company’s capital expenditure stood at US$291.8. which grew 30.9% YoY.
R&D Overview
Trane technologies R&D efforts focus on developing new products, enhancing the effectiveness of existing products, developing new technologies, improving ease of use and reliability, creating custom solutions for customers and expanding product applications. The company also focuses on developing technologies which are capable of reducing production costs, improve existing products, create custom solutions for customers and provide support to our manufacturing facilities. In FY2022, it spent US$211.2 million on R&D, which as a percentage of revenue, stood at 1.3%, and grew 9.1% YoY.
Product Categories
Performance
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Performance
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Geographical Segments
Overview
Provides energy-efficient products, and energy related services. Product offerings: heating and air conditioning, including building controls, heating and cooling systems, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and control solutions. Operates its business in Latin America and North America. In FY2022, the segment incurred a capital expenditure of US$230.5 million which grew 55% YoY.
Performance
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Overview
Provides energy efficient products, and energy related services. Product offerings: heating and cooling systems, services and solutions for commercial buildings, transport refrigeration systems and solutions. Operates its business in Asia Pacific . In FY2022, the segment incurred a capital expenditure of US$11.2 million which declined 45.6% YoY.
Performance
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Overview
Provides energy-related services and energy-efficient products. Product offerings: heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. Operates its business in Europe, Africa and the Middle East. In FY2022, the segment incurred a capital expenditure of US$25.9 million which grew 9.7% YoY.
Performance
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