Trane

Trane Overview

Company Headquarters: Ireland

Founded: 2007

Workforce: ~25,000

Company Working: Trane is a business of Ingersoll Rand PLC, one of the leading players in developing and maintaining safe, comfortable, and efficient environments in commercial, residential, and industrial sectors. It manufactures, supplies, and services heating, ventilation, and air conditioning (HVAC) systems and controls for commercial, residential, institutional, and industrial markets, worldwide. Additionally, the company offers heating and cooling products such as air conditioners, electric wall heaters, gas and oil furnaces, heat pumps and ductless systems. Moreover, it offers reliable, high-quality, and innovative products, systems, and services for use in premium commercial, residential, institutional, and industrial markets. Through its product segment, the company offers products such as air conditioners, air handlers, furnaces, heat pumps, geothermal systems, and ductless systems, for the residential sector. Additionally, it conducts manufacturing and assembly operations in 51 plants across North America, Asia-Pacific, Europe, the Middle East, and Latin America.

Strategy

Trane strategizes to strengthen its position in the environmental and industrial markets through strategic acquisitions. Currently, it is focusing on enhancing its portfolio by constantly investing in research and development to cater to the demands for greater energy efficiency with lower greenhouse gas emissions in buildings, homes, industrial spaces, and the transportation industry.

Company Snapshot

$13.5M

Revenue

25,000

Employees

2007

Founded

Ireland

Headquarters

SWOT Analysis

Strengths

Strong brand image
Wide distribution network
Heavy R&D investments

Weaknesses

Limited attainment outside its core business
Over-dependence on North American market

Opportunities

Strategic partnerships and collaborations

Threats

Fluctuations in raw material prices
Increased competition for residential heating devices

Product Offering

Trane
- HVAC Products and Systems

Financial Performance

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