| __timestamp | Lennox International Inc. | Pentair plc |
|---|---|---|
| Wednesday, January 1, 2014 | 60700000 | 117300000 |
| Thursday, January 1, 2015 | 62300000 | 119600000 |
| Friday, January 1, 2016 | 64599999 | 114100000 |
| Sunday, January 1, 2017 | 73600000 | 115800000 |
| Monday, January 1, 2018 | 72200000 | 76700000 |
| Tuesday, January 1, 2019 | 69900000 | 78900000 |
| Wednesday, January 1, 2020 | 66800000 | 75700000 |
| Friday, January 1, 2021 | 76100000 | 85900000 |
| Saturday, January 1, 2022 | 80300000 | 92200000 |
| Sunday, January 1, 2023 | 94000000 | 99800000 |
| Monday, January 1, 2024 | 0 | 93600000 |
Unlocking the unknown
In the competitive landscape of HVAC and water solutions, Lennox International Inc. and Pentair plc have taken distinct paths in their research and development (R&D) strategies over the past decade. From 2014 to 2023, Lennox International has shown a steady increase in R&D spending, peaking at approximately 94% growth by 2023. This commitment underscores their focus on innovation and maintaining a competitive edge.
Conversely, Pentair plc's R&D expenditure has seen fluctuations, with a notable dip in 2018, reflecting a strategic pivot or market adaptation. Despite this, Pentair's R&D spending rebounded, achieving a 15% increase by 2023. These trends highlight the dynamic nature of strategic investments in R&D, crucial for sustaining growth and innovation in their respective industries.
The data for 2024 remains incomplete, suggesting ongoing strategic evaluations by both companies.
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