Trane Technologies plc
Trane Technologies plc is a leader in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in Ireland.
Manufactures chillers and liquid cooling systems for data centers, including a thermal management reference design co-developed with NVIDIA, and acquired liquid-cooling company LiquidStack in 2026.
- Ticker
- NYSE: TT
- Headquarters
- Ireland
- Revenue
- $21.3B (FY2025) · +7.5% YoY
- Net income
- $2.9B
- Operating margin
- 18.6%
- Market position
- leader
- Value-chain segment
- Power & Cooling
- Key products
- Air-cooled and water-cooled chillers, AI Factory thermal management reference design, Direct-to-chip and immersion liquid cooling (LiquidStack), Chiller plant control (Tracer SC+)
About Trane Technologies plc
Trane Technologies plc, headquartered in Ireland, operates in the Power & Cooling segment of the semiconductor & AI supply chain and is positioned as a market leader there. Its key products include Air-cooled and water-cooled chillers, AI Factory thermal management reference design, Direct-to-chip and immersion liquid cooling (LiquidStack), Chiller plant control (Tracer SC+).
Role in the chain
Trane Technologies plc is a market leader in AI & Data Center (Power & Cooling), headquartered in Ireland. Manufactures chillers and liquid cooling systems for data centers, including a thermal management reference design co-developed with NVIDIA, and acquired liquid-cooling company LiquidStack in 2026.
Diligence questions
- Trane Technologies plc is positioned as a leader in AI & Data Center. How replaceable is this vendor on the process step you are buying?
- Trane Technologies plc is headquartered in Ireland. What jurisdiction, export-control or logistics risk sits at that HQ, versus at the fabs or plants the filings actually name?
- Trane Technologies plc trades as NYSE:TT. What does the latest reported period say about capacity and backlog versus the graph position above?
- Before treating any edge as a verified relationship, check the provenance labels on the company page and the method note at /methodology.
Key products
- Air-cooled and water-cooled chillers
- AI Factory thermal management reference design
- Direct-to-chip and immersion liquid cooling (LiquidStack)
- Chiller plant control (Tracer SC+)
More AI & Data Center companies
Sources
- https://investors.tranetechnologies.com/news-and-events/news-releases/news-release-details/2025/Trane-Technologies-Unveils-Industrys-First-Comprehensive-Thermal-Management-System-Reference-Design-for-Gigawatt-Scale-NVIDIA-AI-Factories/default.aspx
- https://investors.tranetechnologies.com/news-and-events/news-releases/news-release-details/2026/Trane-Technologies-to-Acquire-LiquidStack-to-Accelerate-EndtoEnd-Data-Center-Thermal-Management-Solutions/default.aspx
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Cite as: wafergraph, “Trane Technologies plc — supply chain, financials & market position”, https://wafergraph.com/company/trane_technologies (data as of 2026-10-04).
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