nVent Electric (NVT) Revenue & Revenue Breakdown
nVent Electric Revenue Highlights
Latest Revenue (Y)
$3.26B
Latest Revenue (Q)
$880.30M
Main Segment (Y)
Enclosures Segment
Main Geography (Y)
North America
nVent Electric Revenue by Period
nVent Electric Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.26B | 12.19% |
| 2022-12-31 | $2.91B | 18.16% |
| 2021-12-31 | $2.46B | 23.19% |
| 2020-12-31 | $2.00B | -9.32% |
| 2019-12-31 | $2.20B | -0.43% |
| 2018-12-31 | $2.21B | 5.52% |
| 2017-12-31 | $2.10B | -0.86% |
| 2016-12-31 | $2.12B | 16.95% |
| 2015-12-31 | $1.81B | - |
nVent Electric generated $3.26B in revenue during NA 2023, up 12.19% compared to the previous quarter, and up 147.43% compared to the same period a year ago.
nVent Electric Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $880.30M | 0.65% |
| 2024-03-31 | $874.60M | 1.56% |
| 2023-12-31 | $861.20M | 0.28% |
| 2023-09-30 | $858.80M | 6.95% |
| 2023-06-30 | $803.00M | 8.43% |
| 2023-03-31 | $740.60M | -0.13% |
| 2022-12-31 | $741.60M | -0.48% |
| 2022-09-30 | $745.20M | 2.43% |
| 2022-06-30 | $727.50M | 4.72% |
| 2022-03-31 | $694.70M | 3.84% |
| 2021-12-31 | $669.00M | 4.08% |
| 2021-09-30 | $642.80M | 6.90% |
| 2021-06-30 | $601.30M | 9.55% |
| 2021-03-31 | $548.90M | 5.31% |
| 2020-12-31 | $521.20M | 2.34% |
| 2020-09-30 | $509.30M | 13.89% |
| 2020-06-30 | $447.20M | -14.15% |
| 2020-03-31 | $520.90M | -8.08% |
| 2019-12-31 | $566.70M | 1.23% |
| 2019-09-30 | $559.80M | 3.76% |
| 2019-06-30 | $539.50M | 0.28% |
| 2019-03-31 | $538.00M | -5.30% |
| 2018-12-31 | $568.10M | 0.74% |
| 2018-09-30 | $563.90M | 3.91% |
| 2018-06-30 | $542.70M | -57.26% |
| 2018-03-31 | $1.27B | 134.31% |
| 2017-12-31 | $541.90M | 0.24% |
| 2017-09-30 | $540.60M | 5.34% |
| 2017-06-30 | $513.20M | 2.19% |
| 2017-03-31 | $502.20M | - |
nVent Electric generated $880.30M in revenue during Q2 2024, up 0.65% compared to the previous quarter, and up 118.86% compared to the same period a year ago.
nVent Electric Revenue Breakdown
nVent Electric Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Enclosures Segment | $1.61B | $1.50B | $1.24B | $952.90M | $1.03B |
| Electrical and Fastening Solutions Segment | $1.06B | $791.40M | $657.50M | $569.10M | $579.60M |
| Thermal Management Segment | $594.70M | $613.90M | $559.70M | $476.60M | $590.60M |
| Other Segments | - | - | - | - | - |
nVent Electric's latest annual revenue breakdown by segment (product or service), as of Dec 23: Enclosures Segment (49.21%), Electrical and Fastening Solutions Segment (32.57%), and Thermal Management Segment (18.22%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enclosures Segment | $439.90M | $402.20M | $412.70M | $400.00M | $391.00M | $375.80M | $387.70M | $380.80M | $359.40M | $332.20M | $335.20M | $300.40M | $277.00M | $230.40M | $244.70M | $219.30M | $258.50M | $255.70M | $262.60M | $260.00M |
| Thermal Management Segment | $142.50M | $170.70M | $143.80M | $136.30M | $143.90M | $172.10M | $148.30M | $145.80M | $147.70M | $165.70M | $138.30M | $131.70M | $124.00M | $143.40M | $116.90M | $95.80M | $120.50M | $169.10M | $147.60M | $128.80M |
| Electrical and Fastening Solutions Segment | $292.20M | $288.30M | $302.30M | $266.70M | $205.70M | $193.70M | $209.20M | $200.90M | $187.60M | $171.10M | $169.30M | $169.20M | $147.90M | $147.40M | $147.70M | $132.10M | $141.90M | $141.90M | $149.60M | $150.70M |
nVent Electric's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Enclosures Segment (50.30%), Electrical and Fastening Solutions Segment (33.41%), and Thermal Management Segment (16.29%).
nVent Electric Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 18 |
|---|---|---|
| EMEA | $677.80M | - |
| Asia Pacific | $190.90M | - |
| Rest of the World | $11.60M | - |
| North America | $2.38B | - |
| Western Europe | - | $174.40M |
| Developing Countries | - | $80.90M |
| Other Developed Countries | - | $16.50M |
| United States And Canada | - | $351.40M |
nVent Electric's latest annual revenue breakdown by geography, as of Dec 23: North America (73.03%), EMEA (20.77%), Asia Pacific (5.85%), and Rest of the World (0.36%).
Quarterly Revenue by Country
| Country | Mar 24 | Sep 23 | Mar 20 | Dec 18 | Sep 18 | Jun 18 | Mar 18 |
|---|---|---|---|---|---|---|---|
| North America | $640.50M | - | - | - | - | - | - |
| Asia Pacific | $49.00M | - | - | - | - | - | - |
| EMEA | $182.00M | - | - | - | - | - | - |
| Rest of World | $3.10M | - | - | - | - | - | - |
| United States And Canada | - | $629.80M | $347.20M | $103.10M | $90.70M | $74.50M | $83.10M |
| Developing Countries | - | $67.40M | $45.00M | $20.20M | $20.70M | $19.90M | $20.10M |
| Other Developed Countries | - | $12.00M | $10.00M | $3.80M | $3.10M | $4.70M | $4.90M |
| Western Europe | - | $149.60M | $118.70M | $51.80M | $42.90M | $39.90M | $39.80M |
nVent Electric's latest quarterly revenue breakdown by geography, as of Mar 24: North America (73.23%), EMEA (20.81%), Asia Pacific (5.60%), and Rest of World (0.35%).
nVent Electric Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| VRT | Vertiv | $6.86B | $1.95B |
| HUBB | Hubbell | $5.37B | $1.45B |
| AYI | Acuity Brands | $3.95B | $968.10M |
| ENS | EnerSys | $3.58B | $910.72M |
| NVT | nVent Electric | $3.26B | $880.30M |
| ENR | Energizer | $2.96B | $701.40M |
| WIRE | Encore Wire | $2.57B | $632.66M |
| KE | Kimball Electronics | $1.71B | $425.04M |
| AEIS | Advanced Energy Industries | $1.66B | $364.95M |
| HOLI | Hollysys Automation | $777.37M | $183.59M |
| PLPC | Preformed Line Products Company | $669.68M | $138.72M |
NVT Revenue FAQ
What is nVent Electric’s yearly revenue?
nVent Electric's yearly revenue for 2023 was $3.26B, representing an increase of 12.19% compared to 2022. The company's yearly revenue for 2022 was $2.91B, representing an increase of 18.16% compared to 2021. NVT's yearly revenue for 2021 was $2.46B, representing an increase of 23.19% compared to 2020.
What is nVent Electric’s quarterly revenue?
nVent Electric's quarterly revenue for Q2 2024 was $880.3M, a 0.65% increase from the previous quarter (Q1 2024), and a 9.63% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $874.6M, a 1.56% increase from the previous quarter (Q4 2023), and a 18.09% increase year-over-year (Q1 2023). NVT's quarterly revenue for Q4 2023 was $861.2M, a 0.28% increase from the previous quarter (Q3 2023), and a 16.13% increase year-over-year (Q4 2022).
What is nVent Electric’s revenue growth rate?
nVent Electric's revenue growth rate for the last 3 years (2021-2023) was 32.56%, and for the last 5 years (2019-2023) was 48.08%.
What are nVent Electric’s revenue streams?
nVent Electric's revenue streams in c 23 are Enclosures Segment, Electrical and Fastening Solutions Segment, and Thermal Management Segment. Enclosures Segment generated $1.61B in revenue, accounting 49.21% of the company's total revenue, up 6.80% year-over-year. Electrical and Fastening Solutions Segment generated $1.06B in revenue, accounting 32.57% of the company's total revenue, up 34.32% year-over-year. Thermal Management Segment generated $594.7M in revenue, accounting 18.22% of the company's total revenue, down -3.13% year-over-year.
What is nVent Electric’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of nVent Electric was Enclosures Segment. This segment made a revenue of $1.61B, representing 49.21% of the company's total revenue.