INDUSTRIAL EQUIPMENT
HVAC, Refrigeration, and Building Technologies
World's Most Productive Companies
Building Technologies: Mature Sector, Renewed Momentum
The HVAC, Refrigeration, and Building Technologies peer group includes major global players that design and manufacture heating, ventilation, air conditioning, and refrigeration systems, as well as building automation and climate control technologies. Their products and services are crucial for enhancing energy efficiency, improving indoor air quality, and promoting sustainability across residential, commercial, and industrial environments.
The HVAC, Refrigeration, and Building Technologies peer group has shown virtually flat long-term productivity growth of just 0.7% over the past two decades, reflecting the mature, service-driven nature of the industry. However, post-COVID productivity rose 29%, fueled by strong demand for energy-efficient systems and smart climate technologies.
Top 100 World's Most Productive Companies - HVAC, Refrigeration, and Building Technologies
Productivity Snapshot
Modine Manufacturing and Johnson Controls are recognized as the World’s Most Productive Companies within the HVAC, Refrigeration, and Building Technologies peer group. Modine’s productivity surge has been driven by its strategic transformation toward thermal management and sustainable heating and cooling solutions, supported by lean operations and targeted portfolio realignment. Johnson Controls, meanwhile, has led the way through its digital building technologies and energy optimization platforms, leveraging automation and connected systems to drive efficiency and achieve strong post-pandemic productivity gains.
