Trane Technologies plc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Trane Technologies plc (TT). It shows which part of the business is growing — and which one is holding it back.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Americas [Member] | $9.69B 77.8% | $10.96B 77.5% · +13.1% | $12.64B 79.0% · +15.4% | $13.83B 78.2% · +9.4% | $15.90B 80.2% · +15.0% | $17.17B 80.5% · +8.0% |
| EMEA [Member] | $1.65B 13.2% | $1.94B 13.8% · +18.0% | $2.03B 12.7% · +4.6% | $2.40B 13.6% · +18.0% | $2.56B 12.9% · +6.5% | $2.80B 13.1% · +9.6% |
| Asia Pacific [Member] | $1.12B 9.0% | $1.23B 8.7% · +10.1% | $1.32B 8.2% · +6.6% | $1.44B 8.2% · +9.7% | $1.38B 6.9% · -4.6% | $1.35B 6.3% · -2.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Product | $8.37B 67.2% | $9.50B 67.2% · +13.5% | $10.93B 68.4% · +15.1% | $11.98B 67.7% · +9.6% | $13.31B 67.1% · +11.2% | $13.98B 65.6% · +5.0% |
| Service | $4.08B 32.8% | $4.64B 32.8% · +13.6% | $5.06B 31.6% · +9.1% | $5.70B 32.3% · +12.7% | $6.52B 32.9% · +14.4% | $7.34B 34.4% · +12.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.