5 Biggest HVAC Companies in the USA

3. Ingersoll Rand Inc (NYSE:IR)

2021 Revenue: $5.15 billion

Ingersoll Rand Inc (NYSE:IR) is a Davidson, North Carolina-based market leader providing a wide range of cutting-edge and essential air, fluid, and energy solutions. The company is a pioneer in developing environmentally friendly and productive environments.

In order to provide excellent service and boost sales, Ingersoll Rand Inc (NYSE:IR), which serves clients from a variety of industries, focuses on the unique requirements and preferences of each market segment. In 2021, Ingersoll Rand Inc (NYSE:IR) posted revenue of $5.15 billion, reflecting an increase of 29.7% from last year.

Here’s what Artisan Partners said about Ingersoll Rand Inc (NYSE:IR) in its Q4 2022 investor letter:

“Ingersoll Rand Inc. (NYSE:IR) is a global market leader in a broad range of mission-critical flow creation technologies (pumps, compressors, etc.) for industrial and medical applications. Recent earnings results beat expectations and revealed record orders and revenues. Management also raised its full-year guidance for 2022, sending shares higher. Notably, orders within its largest segment were up 16% organically, driven by strong growth in compressors vacuums and blowers. We are cognizant of cyclical industrial risks in the quarters ahead but think Ingersoll’s compressed air technologies will remain in demand as customers seek to operate using less energy and water, while generating fewer emissions. We also continue to be impressed by management’s internal execution in areas such as acquisition integration, marketing lead generation, new product development and employee engagement.”