Trane Technologies plc manufactures and services commercial and residential HVAC systems, along with transportation refrigeration solutions, through its well-known Trane, American Standard, and Thermo King brands. About 70% of the company’s revenue comes from equipment, while the remaining 30% is generated by parts and services. Although domiciled in Ireland, Trane Technologies derives roughly 80% of its sales from North America, with approximately 13% from EMEA and 7% from Asia-Pacific. The company was established in 2020 when its former parent, Ingersoll Rand, combined with Gardner Denver in a tax-efficient reverse Morris trust transaction.