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Demand from Customers Driving the Innovation Portfolio for Chillers at Trane

United States: The rising pollution levels and the constant pressure from the regulations imposed by the government for reducing global warming in the countries like United States, Saudi Arabia, Mexico, UAE etc. has compelled Trane to innovate its product portfolio and introduce systems with lower global warming potential (QWP).

The Series R RTWD chiller will be available in 80-250 tons, now being much more easy to install, more flexible in usage and long lasting. The company has also made sure that the chillers can operate with a wide range of refrigerant chemicals, including R-134 Opteon™ XP10 (R-513A), a next-generation, Low GWP refrigerant from Chemours. This wide range of features and technologies embedded in the chillers make them appropriate for tight temperature control and providing sustainable comfort to its users. This product also adds to portfolio of Ingersoll EcoWise™ products, which is an effort by the company compelling to the Ingersoll Rand Climate Commitment under which the company has promised to reduce the CHG emissions by 50 per cent by 2020 and invest USD500 Million in product-related research and development from its production and operations by 2020.

According to TechSci Research, the global warming is one of the major challenges for the global air conditioner market. Rising emissions of greenhouse gases from air conditioners are heavily contributing to the surge in global warming. For the market to flourish globally, it is important that companies keep on innovating their products keeping in mind the current situation of environmental hazards related to air conditioners. Moreover, the government also stipulating regulations in accordance to the changing environmental conditions will also help drive the demand for such products. Thus, this strategy adopted by Trane will help drive its agenda and help benefit from it in the long run.

According to a recent report published by TechSci Research “Global Air Conditioners Market Forecast & Opportunities, 2020”, global air conditioner market is projected to grow at a CAGR of 8.5% during 2015-20. In addition to the residential segment, growing hospitality and tourism sectors are contributing significantly towards rising demand for air conditioners across the globe. Introduction of energy-efficient air conditioners and air conditioners with in-built air purifiers is expected to boost air conditioner sales in the coming years. Split air conditioners dominated the global air conditioners market over window air conditioners, and this trend is expected to continue during the forecast period. The adoption of window air conditioners, VRF system, chillers and portable air conditioners is also expected to grow over the next five years. Few of the major air conditioner manufacturers with significant global footprint include Gree, Daikin, Toshiba, Carrier, Midea, LG, Panasonic and Trane. 

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