nVent Electric Reports Record Growth Driven by AI Infrastructure Demand

nVent Electric plc reported first-quarter sales of $1.2 billion, a 53% increase year-over-year, attributed to strong demand in data centers. The company’s backlog rose to $2.6 billion, prompting an upward revision of its 2026 sales growth outlook to 26%-28%.

Notably, the Systems Protection segment recorded 76% sales growth, with 50% from organic growth, highlighting its role in supporting high-density data centers. This growth positions nVent as a key player in the grid modernization sector, as its products enhance electrical connections and protections for critical infrastructure. As AI infrastructure evolves, the need for robust electrical systems will likely intensify, presenting both opportunities and challenges in the market.