nVent Electric PLC
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of nVent Electric PLC (NVT). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Enclosures | $952.9M 47.7% | $1.24B 50.6% · +30.6% | $1.50B 65.5% · +20.8% | $1.61B 60.2% · +6.8% | $1.82B 60.7% · +13.5% | $2.59B 66.6% · +42.2% |
| Electrical & Fastening Solutions | $569.1M 28.5% | $657.5M 26.7% · +15.5% | $791.4M 34.5% · +20.4% | $1.06B 39.8% · +34.3% | $1.18B 39.3% · +11.3% | $1.30B 33.4% · +9.9% |
| Thermal Management | $476.6M 23.8% | $559.7M 22.7% · +17.4% | – | – | – | – |
| Other | $0 0.0% | $0 0.0% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Enclosures | $148.5M 15.6% | $202.1M 16.2% | – | – | – | – |
| Electrical & Fastening Solutions | $150.2M 26.4% | $181.5M 27.6% | – | – | – | – |
| Thermal Management | $93.9M 19.7% | $121.2M 21.7% | – | – | – | – |
| Other | -$45.0M | -$69.0M | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| North America (1) | – | $1.59B 64.6% | $1.66B 72.4% · +4.5% | $2.01B 75.5% · +21.2% | $2.33B 77.4% · +15.4% | $3.16B 81.1% · +35.8% |
| EMEA | – | $670.7M 27.2% | $485.8M 21.2% · -27.6% | $521.3M 19.5% · +7.3% | $533.9M 17.8% · +2.4% | $587.3M 15.1% · +10.0% |
| Asia-Pacific | – | $190.5M 7.7% | $135.1M 5.9% · -29.1% | $132.7M 5.0% · -1.8% | $146.7M 4.9% · +10.6% | $147.5M 3.8% · +0.5% |
| U.S. and Canada | $1.30B 64.8% | – | – | – | – | – |
| Developed Europe | $471.7M 23.6% | – | – | – | – | – |
| Developing | $189.7M 9.5% | – | – | – | – | – |
| Other Developed | $42.2M 2.1% | – | – | – | – | – |
| Rest of World | – | $10.4M 0.4% | $11.6M 0.5% · +11.5% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.