We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. If you do not accept cookies, some functionality of this site may be limited
In this Research Note, we examine the commercial HVAC business of Trane Technologies, which includes their building automation and energy services portfolio. It is based on their 2021 annual results, investor presentations and related activities throughout 2021. Trane Technologies was formed in 2020 following a spin-off from Ingersoll Rand’s Climate Division. As a vertically integrated enterprise, Trane offers commercial and residential HVAC equipment and aftermarket services as well as transport refrigeration solutions under the ThermoKing brand. Since becoming a public company, Trane Technologies has repositioned itself as a pure-play climate innovator, with an increased focus on energy efficiency, sustainability and decarbonization of buildings, homes and transportation, fuelling their growth. The enterprise reported strong financial performance in 2021 with $14.1 billion revenues, up 13% from the prior year. The GAAP operating margin of 14.3% was up 200 basis points from 2020. The Americas segment accounted for 78% of revenues, reporting net sales of $10.9 billion. The Commercial HVAC business unit provides heating and cooling […]
Stay ahead of the pack
with the latest independent smart building research and thought leadership.
Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.
We could not sign you up to the newsletter. An error occured: {{message}}.
We've signed you up!
