INDUSTRIAL EQUIPMENT
HVAC, Refrigeration & Building Technologies
World’s Most Productive Companies
HVAC, Refrigeration & Building Technologies
HVAC, Refrigeration, and Building Technologies companies make the systems that heat, cool, and run buildings. Productivity tracks construction and retrofit demand, electrification, and operational efficiency.
The group was about flat in 2025, sitting about 10% below its 2019 baseline. Modine stood out as a World’s Most Productive Company, reaching 1.05. Gains were broad across the group.
HVAC, Refrigeration & Building Technologies World's Most Productive Companies
Productivity Snapshot
- HVAC, Refrigeration & Building Technologies ranks eighteenth of twenty-one Industrial Equipment peer groups in 2025, at an Industrial Productivity Index of 0.90, about 10% below its 2019 baseline.
- 4 of 5 companies grew productivity in 2025.
- It is the group’s World’s Most Productive Company: Modine (1.05).
- The group improved in 2025 but remains below its 2019 baseline, with its thermal-management leader standing out.
Interested in learning more about how you stack up, where to improve, and the impact on margin, cash, inventory, and assets?