Industry Turnover:

• Heating, Ventilation, and Air Conditioning (HVAC): approx. 70%
• Transport Refrigeration: approx. 20%
• Industrial Refrigeration and Other Services: approx. 10%

TOP 3 Markets:

• USA: approx. 55%
• Europe: approx. 25%
• Asia-Pacific: approx. 15%

Trane Technologies plc generates the majority of its revenue from Heating, Ventilation, and Air Conditioning, which accounts for about 70% of the total revenue. This industry is crucial for the company as it provides innovative solutions for energy efficiency and sustainability.

The USA is the largest market for Trane Technologies, followed by Europe and the Asia-Pacific region. These markets are crucial for the company's growth as they exhibit high demand for energy-efficient and environmentally friendly solutions.

Production Sites: Global, with a focus on North America, Europe, and Asia.

Trane Technologies plc is a globally active company that maintains production facilities in several regions. The focus of production is in North America, Europe, and Asia to efficiently serve the demand in these markets. This geographical distribution enables the company to produce its products locally, thereby minimizing transportation costs and responding more quickly to market requirements.

The production sites are strategically located to optimize supply chains and ensure proximity to key customer markets. This supports Trane Technologies in solidifying its position as a leading provider of air conditioning and refrigeration solutions.

Revenue Growth: Estimated at 8-10% annually (2025-2027)

Focus on Sustainability: Trane Technologies is increasingly focusing on sustainable solutions to meet the growing demand for environmentally friendly technologies. The company is investing in the development of energy-efficient products and solutions that reduce CO2 emissions.

Digital Innovation: Another focus is on digitization. Trane Technologies is integrating IoT and data-driven solutions to increase the efficiency of its products and create new service offerings.

Market Expansion: The company plans to expand its presence in emerging markets to benefit from the increasing demand for air conditioning and refrigeration technology in these regions.

These strategic initiatives are intended to secure the company's growth in the coming years and strengthen its market leadership in the industry.

Main raw materials: Steel, copper, aluminum, plastics

Main importing countries: China, Canada, Mexico, Germany

Trane Technologies plc is a leading company in the field of air conditioning and refrigeration technology. Production requires a variety of raw materials, including metals such as steel, copper, and aluminum, which are essential for the manufacturing of air conditioners, heating systems, and refrigeration systems. Plastics are also extensively used for casings and insulation.

China is a significant supplier of metals, especially aluminum and copper, due to its extensive production capacities. Canada and Mexico are important trading partners for steel, facilitated by their geographical proximity and trade agreements such as USMCA. Germany supplies specialized components and materials used in the European production of Trane Technologies.

These import strategies enable Trane Technologies to remain competitive, optimize production costs, and ensure the quality of their products.

Market share: 10% (estimated 2025)
EBITDA margin: 16.5% (2024)
R&D expenses: 3.2% of revenue (2024)

Trane Technologies plc has a significant competitive advantage in the HVAC industry (heating, ventilation, and air conditioning) due to its strong market position and innovation capabilities. With an estimated market share of 10% in 2025, the company is among the leading providers in this sector.

The EBITDA margin of 16.5% in 2024 demonstrates the efficiency and profitability of the company, indicating effective cost control and strong pricing strategies. Additionally, Trane Technologies consistently invests in research and development, with expenses amounting to 3.2% of revenue, to offer innovative and sustainable solutions that meet evolving customer demands.

These factors, combined with strong brand recognition and a diverse product portfolio, give Trane Technologies a sustainable competitive advantage over its competitors.

Institutional Investor Share: approx. 85% (estimated for 2025 based on historical data)

Insider Purchases/Sales: No significant insider transactions in the last year (estimated)

The institutional investor share in Trane Technologies plc has traditionally been at a high level, indicating the trust of large investment funds and institutional investors in the company's stability and growth potential.

Regarding insider purchases and sales, there were no significant transactions in the last year, which could indicate a stable assessment of the company's value by management. This could also mean that executives do not expect short-term changes in the company's value.

Market share of Trane Technologies plc: 8% (2025, estimated)

Top competitors and their market shares:

1. Carrier Global Corporation: 12%
2. Johnson Controls International plc: 10%
3. Daikin Industries, Ltd.: 9%
4. Trane Technologies plc: 8%
5. Honeywell International Inc.: 7%
6. Lennox International Inc.: 5%
7. Mitsubishi Electric Corporation: 4%
8. Ingersoll Rand Inc.: 3%
9. Bosch Thermotechnik GmbH: 2%
10. Samsung Electronics (Air Conditioning Division): 2%

Moat of Trane Technologies:

Trane Technologies plc has a significant moat due to its strong brand recognition and innovation in the energy-efficient HVAC systems sector. The company continuously invests in research and development to expand its product range and offer sustainable solutions. This focus on sustainability and innovation gives Trane an advantage over some competitors who may be less strong in these areas.

Compared to other companies, Carrier Global Corporation has a broader market share, indicating a stronger global presence and an extensive product portfolio. Daikin Industries is also a strong competitor with a robust international network and a strong position in the Asian market.

Overall, Trane Technologies has a solid, but not insurmountable moat. Competition in the HVAC industry is intense, and while Trane has advantages in certain areas, they must remain continuously innovative to maintain and expand their market position.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Market Share in the Air Conditioning Sector: 12% (2024)

Trane Technologies plc recorded solid revenue growth of 8.5% in 2024, driven by strong demand for energy-efficient air conditioning solutions. The company has established a strong market position through investments in sustainable technologies and innovative products.

The profit growth of 10.2% in the same period highlights the company's ability to increase operational efficiency and control costs. Trane Technologies benefits from global trends towards more environmentally friendly technologies, positioning the company well for future growth.

Additionally, the company has expanded its market share in the air conditioning sector to 12%, underscoring its competitiveness and innovation capabilities. These factors suggest that Trane Technologies could be a promising investment for investors looking to invest in sustainable and future-oriented companies.

Dividend yield: 1.5% (estimated for 2025)

Dividend history: Continuous payout over the last 5 years

Trane Technologies plc regularly pays a dividend to its shareholders. The dividend yield is currently around 1.5%, which is moderate compared to other companies in the industry.

Over the past five years, the company has consistently distributed dividends, indicating a reliable payout policy. This consistency shows that Trane Technologies has a solid financial foundation and is committed to providing shareholders with consistent value.

Analysts believe that the company will continue to be able to pay dividends in the future, supported by stable earnings and a healthy balance sheet.