| __timestamp | Lennox International Inc. | Trane Technologies plc |
|---|---|---|
| Wednesday, January 1, 2014 | 60700000 | 212300000 |
| Thursday, January 1, 2015 | 62300000 | 205900000 |
| Friday, January 1, 2016 | 64599999 | 207900000 |
| Sunday, January 1, 2017 | 73600000 | 210800000 |
| Monday, January 1, 2018 | 72200000 | 228700000 |
| Tuesday, January 1, 2019 | 69900000 | 174200000 |
| Wednesday, January 1, 2020 | 66800000 | 165000000 |
| Friday, January 1, 2021 | 76100000 | 193500000 |
| Saturday, January 1, 2022 | 80300000 | 211200000 |
| Sunday, January 1, 2023 | 94000000 | 252300000 |
| Monday, January 1, 2024 | 0 | 0 |
In pursuit of knowledge
In the competitive world of HVAC systems, innovation is key. Trane Technologies plc and Lennox International Inc. have been at the forefront of this innovation race. Over the past decade, Trane Technologies has consistently outspent Lennox International in research and development, with an average R&D expenditure nearly three times higher. In 2023, Trane's R&D spending peaked at approximately $252 million, marking a 19% increase from 2022. Meanwhile, Lennox's R&D investment grew by 17% in the same period, reaching around $94 million. This trend highlights Trane's commitment to maintaining its technological edge. However, Lennox's steady increase in R&D spending suggests a strategic pivot towards innovation. As we look to the future, the question remains: will Lennox's growing investment close the gap, or will Trane continue to lead the charge in HVAC innovation?
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