For more than a century, nVent brands have been connecting and protecting the world with inventive electrical solutions. The company traces its roots as far back as 1894, when ILSCO, a leader in power and grounding connections and accessories now part of nVent, was founded.
As electricity progressed throughout the twentieth century, the company came up with more innovative solutions to connect and protect new systems. In 1945, the HOFFMAN automatic press guard was introduced to stop machinery when workers‘ hands got too close. In 1972, the Raychem Corporation – now nVent RAYCHEM – introduced the world’s first commercially successful electric self–regulating heat tracing cable to control the temperature of pipework without overheating. In 2008, nVent spun off of Pentair to become its own publicly traded company.
Today electricity continues to change the world, as global infrastructure becomes more electric, driven by advances. in technology and the need for more sustainable solutions. nVent solutions improve energy efficiency, enhance safety, improve customer productivity and protect mission critical systems, making them more resilient.
Don Jaeger, VP of Commercial Excellence at nVent shared his perspective on nVent’s journey with the CEO Views team.
Five Years of Connection and Protection
Since its inception in 2018, nVent has been connecting and protecting customers, driving resiliency and safety and improving productivity for their mission critical systems. With the trends towards the electrification of everything, sustainability and digitalization, nVent is well positioned to grow.
Driven by a passion for innovation, sustainability and technology, nVent is on a roll. The past five years have seen the company complete four acquisitions. Its global team of 11,000+ employees in more than 30 countries is driving continuous improvement for nVent.
“Our people shape our strong culture of inclusion and diversity that encourages everyone to bring bold ideas and be authentic as we work to build a more sustainable and electrified world,” says Don.
Comprehensive Suite of Solutions
nVent operates three business segments: Enclosures, Electrical and Fastening Solutions, and Thermal Management.
Enclosures solutions protect electronics and data in mission critical applications, including liquid cooling and power solutions that improve reliability and energy efficiency. Industrial automation, digitalization and the expansion of edge devices are driving a growing demand for enclosures solutions.
Electrical and Fastening solutions enhance end–user safety, reduce installation time and provide resiliency of critical systems. nVent’s offerings span a wide range of applications such as power utilities, renewable energy, e–mobility and energy storage – and are increasing with the electrical infrastructure built out.
Thermal Management solutions provide protection for critical processes and infrastructure. With the energy transition, the thermal solutions are critical for clean fuels and decarbonization.
With versatility, innovation and decades of industry expertise, nVent is well positioned to meet the demands. of a more electrified world and help create a sustainable future.
We are building momentum in product innovation and incorporating ESG thinking into our new product development process.
Consistent Growth Strategy to Drive Success
Since becoming a stand–alone public company in 2018, nVent is growing globally through new product launches, high–growth verticals, and executing on strong acquisitions and partnerships. It operates with a continuous improvement mindset.
nVent is now focused on building stronger distribution partners and leveraging processes and capabilities across the company to accelerate their operations. They established a strategy to focus on high–growth verticals areas where the trends are expected to drive growth faster than GDP. nVent also has consistently focused on new products and innovation.
“We’ve had a consistent strategy since we became a new company that drives our success. Our work to expand capacity, build a resilient supply chain and invest in manufacturing has driven better performance for our customers,” shares Don.
Optimizing Efficiency with Secured Data Solutions
nVent operates in a variety of industries but data center solutions has been one of its larger focuses over the past several years. nVent offers optimized solutions for connecting and protecting mission critical data center and networking infrastructure. Its comprehensive portfolio of smart enclosures, power distribution, cable management and liquid cooling solutions help drive. sustainability, resiliency and energy efficiency.
As data center managers know, customer needs continue to change. Expectations and requirements will continue to shift with new technologies, like artificial intelligence (AI) and machine learning (ML), and evolving security considerations. Innovations in power distribution, cooling and monitoring technologies will be critical to meet future data center needs. In particular, liquid cooling is becoming a critical piece of data center infrastructure that supports high–performance computing.
nVent helps customers innovate in the data center. industry to drive high performance and energy efficiency. Don further explains, “We continue to develop new products to protect, cool and deliver power to data infrastructure in a safe and efficient manner. Our innovative cooling and power solutions enable our customers to deploy next–generation technologies safely while achieving energy efficiency requirements.”
Proactive Approach to Innovation and Technology
nVent drives innovation in product development from the ground up and launches highly differentiated and innovative new products in all three segments. In 2022, nVent launched a record number 59 new products, which generated approximately 3 points of sales growth for the year and increased product vitality to 20 percent.
Don shares, “We are building momentum in product innovation and incorporating ESG thinking into our new product development process. As we continue to incorporate new technologies into our product offerings, we are especially focused on loT solutions, including embedded and connected software which can be connected to legacy products or new solutions.”
Commitment to Customer Service
Putting the customer first is one of nVent’s core values. nVent team members prioritize the needs of customers and work with them to solve their challenges. “As we develop industry–leading solutions we focus on the needs of our customers. We innovate products in a way that addresses real customer needs. We engage with our customers every day to learn what challenges they are facing and share our expertise, whether it is in design, manufacturing, installation or service,” said Don.
Future Outlook
As the electrical systems that power the world become more sustainable and electrified, one must adapt to changing technologies and changing needs. nVent is on al mission to help improve energy efficiency, provide end–user safety, reduce installation time, add resilience and protect mission critical systems.
