| __timestamp | Allegion plc | Pentair plc |
|---|---|---|
| Wednesday, January 1, 2014 | 43300000 | 117300000 |
| Thursday, January 1, 2015 | 45200000 | 119600000 |
| Friday, January 1, 2016 | 47300000 | 114100000 |
| Sunday, January 1, 2017 | 48300000 | 115800000 |
| Monday, January 1, 2018 | 54400000 | 76700000 |
| Tuesday, January 1, 2019 | 54700000 | 78900000 |
| Wednesday, January 1, 2020 | 54400000 | 75700000 |
| Friday, January 1, 2021 | 73300000 | 85900000 |
| Saturday, January 1, 2022 | 74500000 | 92200000 |
| Sunday, January 1, 2023 | 101900000 | 99800000 |
| Monday, January 1, 2024 | 0 | 93600000 |
Cracking the code
In the competitive landscape of industrial technology, innovation is key. Over the past decade, Pentair plc and Allegion plc have demonstrated their commitment to research and development (R&D) with varying strategies. From 2014 to 2023, Pentair consistently outpaced Allegion in R&D spending, peaking in 2015 with a 20% higher investment than Allegion. However, Allegion has shown a remarkable upward trend, culminating in a 37% increase in 2023 compared to its 2014 figures. This surge reflects Allegion's strategic pivot towards innovation, closing the gap with Pentair. While Pentair's R&D expenses saw a slight decline post-2017, Allegion's steady growth suggests a robust commitment to future-proofing its offerings. As the industry evolves, these investment patterns highlight the dynamic approaches of two leading players in shaping the future of industrial technology.
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