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Trane Technologies Plc's Business Segments
Trane Technologies Plc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 6,354
Regions Reported
3
Trane Technologies Plc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue Share by Region - FY
- Americas80.5%
- EMEA12.9%
- Asia Pacific6.7%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Americas | $ 3,998 | 80.5% |
| EMEA | $ 640 | 12.9% |
| Asia Pacific | $ 332 | 6.7% |
Revenue by Product & Service Category - FY
- Product52.3%
- Service28.2%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 2,597 | 52.3% |
| Service | $ 1,402 | 28.2% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Trane Technologies Plc
Trane Technologies Plc is a global industrial manufacturing company that specializes in the design, manufacturing, and servicing of heating, ventilation, and air conditioning (HVAC) systems and commercial building solutions. Trane Technologies is headquartered in Swords, Ireland, and has its operational headquarters in Davidson, North Carolina, USA.
The company has a highly diversified portfolio of products and services that cater to a broad range of customers including, commercial, industrial, and residential customers. Trane Technologies operates in three key business segments, which include:
1. HVAC - This segment provides a complete range of heating, ventilating, and air conditioning products, including air quality products, control systems, and aftermarket service and support solutions. The HVAC segment accounts for the majority of the company's revenues.
2. Refrigeration - This segment focuses on commercial and industrial refrigeration solutions. It designs and manufactures products such as refrigerators, freezers, and transport refrigeration systems for food processing and transportation industries.
3. Building Services - This segment provides comprehensive building solutions that include energy management, systems optimization, and performance contracting services.
Trane Technologies has a strong presence in North America, Europe, and Asia-Pacific and employs more than 36,000 people worldwide. The company's reputation for innovation and design excellence has helped in building an enviable customer base that includes some of the world's largest commercial and industrial enterprises.
Trane Technologies was formed in March 2020 when Ingersoll-Rand Plc spun off its industrial businesses and merged with Gardner Denver Holdings, Inc. Trane Technologies operates as a publicly traded company with shares listed on the New York Stock Exchange (NYSE) under the symbol "TT". The company's advanced heating, ventilation, and air conditioning systems and industrial solutions are recognized worldwide for their quality, reliability, and energy efficiency. The company is committed to sustainability and reducing greenhouse gas emissions while delivering exceptional customer value.
The company has a highly diversified portfolio of products and services that cater to a broad range of customers including, commercial, industrial, and residential customers. Trane Technologies operates in three key business segments, which include:
1. HVAC - This segment provides a complete range of heating, ventilating, and air conditioning products, including air quality products, control systems, and aftermarket service and support solutions. The HVAC segment accounts for the majority of the company's revenues.
2. Refrigeration - This segment focuses on commercial and industrial refrigeration solutions. It designs and manufactures products such as refrigerators, freezers, and transport refrigeration systems for food processing and transportation industries.
3. Building Services - This segment provides comprehensive building solutions that include energy management, systems optimization, and performance contracting services.
Trane Technologies has a strong presence in North America, Europe, and Asia-Pacific and employs more than 36,000 people worldwide. The company's reputation for innovation and design excellence has helped in building an enviable customer base that includes some of the world's largest commercial and industrial enterprises.
Trane Technologies was formed in March 2020 when Ingersoll-Rand Plc spun off its industrial businesses and merged with Gardner Denver Holdings, Inc. Trane Technologies operates as a publicly traded company with shares listed on the New York Stock Exchange (NYSE) under the symbol "TT". The company's advanced heating, ventilation, and air conditioning systems and industrial solutions are recognized worldwide for their quality, reliability, and energy efficiency. The company is committed to sustainability and reducing greenhouse gas emissions while delivering exceptional customer value.
Trane Technologies Plc is a global leader in creating and innovating sustainable and energy-efficient heating, ventilation, and air conditioning (HVAC) systems, as well as other building technologies. Trane Technologies Plc focuses on developing segments, products, and services that are aimed at delivering superior performance, energy efficiency, and indoor air quality. The company caters to both commercial and residential customers.
Segments:
Trane Technologies Plc operates in three segments: Climate, Controls, and Security.
1. Climate Segment: Trane Technologies Plc offers a wide range of heating, ventilating and air conditioning (HVAC) systems under the Climate segment. These systems ensure comfort and safety in residential and commercial buildings. The company offers complete HVAC systems, including air handling units, chillers, packaged systems, rooftop units, and Split Systems.
2. Controls Segment: Trane Technologies Plc offers innovative building automation solutions under the Controls segment. These solutions facilitate real-time monitoring, controlling, and optimizing building systems like lighting, HVAC, and security. The company's controls portfolio includes sensors, controllers, software, and analytics for commercial buildings, data centers, hospitals, and schools.
3. Security Segment: Trane Technologies Plc provides safety and security solutions to its customers under the Security segment. The solutions include fire protection, intrusion detection, access control, and video surveillance. The security products and services ensure safety, compliance and protect assets, and people.
Products:
1. HVAC Products: Trane Technologies Plc offers a wide range of HVAC products that provide maximum energy efficiency, comfort and indoor air quality. These products include air conditioners, air handlers, furnaces, heat pumps, and thermostats.
2. Controls Products: Trane Technologies Plc offers a range of building automation and control systems under the Controls segment. The products include thermostats, sensors, integrated controllers, and software that help in optimizing the building's systems.
3. Security Products: Trane Technologies Plc offers a range of security products and systems that protect buildings and assets against fires, theft, and other threats. These products include fire alarms, intrusion detection systems, access control systems, and video surveillance systems.
Services:
1. HVAC Services: Trane Technologies Plc offers a range of HVAC services, including installation, repair, and maintenance, to ensure that the systems run efficiently and provide optimal comfort to customers.
2. Controls Services: Trane Technologies Plc offers a range of building automation and control services to improve building performance, reduce energy consumption, and optimize the systems. These services include design, installation, programming, and maintenance of the systems.
3. Security Services: Trane Technologies Plc offers a range of security services, including fire alarm monitoring, intrusion detection monitoring, access control monitoring, and video surveillance monitoring. These services help customers stay informed about any potential threats to their buildings and assets.
Overall, Trane Technologies Plc offers a wide range of segments, products, and services that cater to diverse customers globally. The company's mission is to help customers build sustainable, energy-efficient, safe, and comfortable spaces.
Segments:
Trane Technologies Plc operates in three segments: Climate, Controls, and Security.
1. Climate Segment: Trane Technologies Plc offers a wide range of heating, ventilating and air conditioning (HVAC) systems under the Climate segment. These systems ensure comfort and safety in residential and commercial buildings. The company offers complete HVAC systems, including air handling units, chillers, packaged systems, rooftop units, and Split Systems.
2. Controls Segment: Trane Technologies Plc offers innovative building automation solutions under the Controls segment. These solutions facilitate real-time monitoring, controlling, and optimizing building systems like lighting, HVAC, and security. The company's controls portfolio includes sensors, controllers, software, and analytics for commercial buildings, data centers, hospitals, and schools.
3. Security Segment: Trane Technologies Plc provides safety and security solutions to its customers under the Security segment. The solutions include fire protection, intrusion detection, access control, and video surveillance. The security products and services ensure safety, compliance and protect assets, and people.
Products:
1. HVAC Products: Trane Technologies Plc offers a wide range of HVAC products that provide maximum energy efficiency, comfort and indoor air quality. These products include air conditioners, air handlers, furnaces, heat pumps, and thermostats.
2. Controls Products: Trane Technologies Plc offers a range of building automation and control systems under the Controls segment. The products include thermostats, sensors, integrated controllers, and software that help in optimizing the building's systems.
3. Security Products: Trane Technologies Plc offers a range of security products and systems that protect buildings and assets against fires, theft, and other threats. These products include fire alarms, intrusion detection systems, access control systems, and video surveillance systems.
Services:
1. HVAC Services: Trane Technologies Plc offers a range of HVAC services, including installation, repair, and maintenance, to ensure that the systems run efficiently and provide optimal comfort to customers.
2. Controls Services: Trane Technologies Plc offers a range of building automation and control services to improve building performance, reduce energy consumption, and optimize the systems. These services include design, installation, programming, and maintenance of the systems.
3. Security Services: Trane Technologies Plc offers a range of security services, including fire alarm monitoring, intrusion detection monitoring, access control monitoring, and video surveillance monitoring. These services help customers stay informed about any potential threats to their buildings and assets.
Overall, Trane Technologies Plc offers a wide range of segments, products, and services that cater to diverse customers globally. The company's mission is to help customers build sustainable, energy-efficient, safe, and comfortable spaces.