Trane Technologies plc is a global climate innovator that provides sustainable and efficient solutions for buildings, homes, and transportation. Founded in Ireland in 2009, the company operates through its primary brands, Trane® and Thermo King®. The organization's offerings include heating, ventilation, and air conditioning (HVAC) systems, transport refrigeration, and custom refrigeration solutions, generating most of its revenue through design, manufacturing, sales, and service of these products. The company employs a strategy focused on expanding recurring revenue through services and rental options, while maintaining an engaged workforce that contributes to its earnings and cash flow growth.
With a strong emphasis on sustainability, Trane Technologies has committed to significant environmental goals, including the reduction of customer greenhouse gas emissions and achieving carbon-neutral operations by 2030. The company operates in three segments: Americas, EMEA, and Asia Pacific, serving various market needs with a diverse array of competitive products and services. As a result, they have established a robust global presence, generating substantial revenues across different regions while continuously innovating in response to the growing global demands for climate solutions.