nVent Electric (NVT) Revenue & Revenue Breakdown


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nVent Electric Revenue Highlights


Latest Revenue (Y)

$3.26B

Latest Revenue (Q)

$782.00M

Main Segment (Y)

Enclosures Segment

Main Geography (Y)

North America

nVent Electric Revenue by Period


nVent Electric Revenue by Year

DateRevenueChange
2023-12-31$3.26B12.19%
2022-12-31$2.91B18.16%
2021-12-31$2.46B23.19%
2020-12-31$2.00B-9.32%
2019-12-31$2.20B-0.43%
2018-12-31$2.21B5.52%
2017-12-31$2.10B-0.86%
2016-12-31$2.12B16.95%
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

DateRevenueChange
2024-09-30$782.00M-11.17%
2024-06-30$880.30M0.65%
2024-03-31$874.60M1.56%
2023-12-31$861.20M0.28%
2023-09-30$858.80M6.95%
2023-06-30$803.00M8.43%
2023-03-31$740.60M-0.13%
2022-12-31$741.60M-0.48%
2022-09-30$745.20M2.43%
2022-06-30$727.50M4.72%
2022-03-31$694.70M3.84%
2021-12-31$669.00M4.08%
2021-09-30$642.80M6.90%
2021-06-30$601.30M9.55%
2021-03-31$548.90M5.31%
2020-12-31$521.20M2.34%
2020-09-30$509.30M13.89%
2020-06-30$447.20M-14.15%
2020-03-31$520.90M-8.08%
2019-12-31$566.70M1.23%
2019-09-30$559.80M3.76%
2019-06-30$539.50M0.28%
2019-03-31$538.00M-5.30%
2018-12-31$568.10M0.74%
2018-09-30$563.90M3.91%
2018-06-30$542.70M-57.26%
2018-03-31$1.27B134.31%
2017-12-31$541.90M0.24%
2017-09-30$540.60M5.34%
2017-06-30$513.20M2.19%
2017-03-31$502.20M-

nVent Electric generated $782.00M in revenue during Q3 2024, up -11.17% compared to the previous quarter, and up 97.38% compared to the same period a year ago.

nVent Electric Revenue Breakdown


nVent Electric Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Other Segments-----
Thermal Management Segment$594.70M$613.90M$559.70M$476.60M$590.60M
Electrical and Fastening Solutions Segment$1.06B$791.40M$657.50M$569.10M$579.60M
Enclosures Segment$1.61B$1.50B$1.24B$952.90M$1.03B

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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Enclosures Segment$477.10M$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
Electrical and Fastening Solutions Segment$304.90M$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
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

nVent Electric's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Enclosures Segment (61.01%), and Electrical and Fastening Solutions Segment (38.99%).

nVent Electric Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 18
Asia Pacific$190.90M-
EMEA$677.80M-
North America$2.38B-
Rest of the World$11.60M-
Developing Countries-$80.90M
Other Developed Countries-$16.50M
United States And Canada-$351.40M
Western Europe-$174.40M

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

CountrySep 24Mar 24Sep 23Mar 20Dec 18Sep 18Jun 18Mar 18
Asia Pacific$37.70M$49.00M------
Rest of World$3.10M$3.10M------
North America$610.10M$640.50M------
EMEA$131.10M$182.00M------
Developing Countries--$67.40M$45.00M$20.20M$20.70M$19.90M$20.10M
United States And Canada--$629.80M$347.20M$103.10M$90.70M$74.50M$83.10M
Western Europe--$149.60M$118.70M$51.80M$42.90M$39.90M$39.80M
Other Developed Countries--$12.00M$10.00M$3.80M$3.10M$4.70M$4.90M

nVent Electric's latest quarterly revenue breakdown by geography, as of Sep 24: North America (78.02%), EMEA (16.76%), Asia Pacific (4.82%), and Rest of World (0.40%).

nVent Electric Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
VRTVertiv$6.86B$2.07B
HUBBHubbell$5.37B$1.44B
AYIAcuity Brands$3.84B$968.10M
ENSEnerSys$3.58B$883.67M
NVTnVent Electric$3.26B$782.00M
ENREnergizer$2.96B$701.40M
WIREEncore Wire$2.57B$632.66M
KEKimball Electronics$1.71B$374.26M
AEISAdvanced Energy Industries$1.66B$374.22M
HOLIHollysys Automation$777.37M$183.59M
PLPCPreformed Line Products Company$669.68M$146.97M

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 Q3 2024 was $782M, a -11.17% decrease from the previous quarter (Q2 2024), and a -8.94% decrease year-over-year (Q3 2023). The company'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). NVT'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).

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 Thermal Management Segment, Electrical and Fastening Solutions Segment, and Enclosures Segment. Thermal Management Segment generated $594.7M in revenue, accounting 18.22% of the company's total revenue, down -3.13% 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. Enclosures Segment generated $1.61B in revenue, accounting 49.21% of the company's total revenue, up 6.80% 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.