Trane Technologies plc

Trane Technologies plc, incorporated in Ireland in 2009, is a global climate innovator providing sustainable and efficient solutions for buildings, homes, and transportation. The company operates through its strategic brands, Trane and Thermo King, offering an environmentally responsible portfolio of products, services, and connected intelligent controls. Trane Technologies generates revenue and cash primarily from the design, manufacture, sales, and service of solutions for Heating, Ventilation and Air Conditioning (HVAC), transport refrigeration, and custom refrigeration solutions. The company aims to expand recurring revenue through services and rental options. Trane Technologies operates under three reportable segments. The Americas segment serves customers in North America and Latin America, providing commercial heating, cooling, and ventilation systems, building controls and solutions, energy services and solutions, residential heating and cooling, and transport refrigeration systems and solutions. This segment reported net revenues of $17,168.8 million in 2025. The EMEA segment serves customers in the Europe, Middle East, and Africa region, offering heating, cooling, and ventilation systems and services, energy services and solutions, and transport refrigeration systems and solutions. The company's sustainability commitments for 2030 include the 'Gigaton Challenge' to reduce customer greenhouse gas emissions by a billion metric tons, 'Leading by Example' by reducing embodied carbon by 40% and designing products for circularity, and creating 'Opportunity for All' by investing in people and communities.