nVent Electric plc 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Fiscal Year Ended December 31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 nVent Electric plc New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesþNo¨Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes¨Noþ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to suchfiling requirements for the past 90 days.YesþNo¨Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submitsuch files).YesþNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company oran emerging growth company. See the definitions of "large accelerated filer, " "accelerated filer", "smaller reporting company" and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐Noþ Aggregate market value of voting and non-voting common equity held by non-affiliates of the Registrant, based on the closing price of $73.25 pershare as reported on the New York Stock Exchange on June 30, 2025 (the last business day of Registrant's most recently completed second quarter):$11,651,892,767. The number of shares outstanding of Registrant's only class of common stock on December 31, 2025 was 161,729,472. DOCUMENTS INCORPORATED BY REFERENCE Parts of the Registrant's definitive proxy statement for its annual general meeting to be held on May 15, 2026, are incorporated by reference in thisForm 10-K in response to Part III, ITEM 10, 11, 12, 13 and 14. nVent Electric plcAnnual Report on Form 10-KFor the Year Ended December 31, 2025 PART I ITEM 1.BusinessITEM 1A.Risk FactorsITEM 1B.Unresolved Staff CommentsITEM 1C.CybersecurityITEM 2.PropertiesITEM 3.Legal ProceedingsITEM 4.Mine Safety Disclosures 151515171717 PART II ITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities20ITEM 6.Reserved21ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations22ITEM 7A.Quantitative and Qualitative Disclosures about Market Risk36ITEM 8.Financial Statements and Supplementary Data37ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure77ITEM 9A.Controls and Procedures77ITEM 9B.Other Information77ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections77 PART III ITEM 10.Directors, Executive Officers and Corporate Governance78ITEM 11.Executive Compensation78ITEM 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters78ITEM 13.Certain Relationships and Related Transactions and Director Independence79ITEM 14.Principal Accounting Fees and Services79 PART IV ITEM 15.Exhibits and Financial Statement Schedules80ITEM 16.Form 10-K Summary82Signatures83 [This page intentionally left blank] PART I ITEM 1.BUSINESS COMPANY OVERVIEWnVent is a leading globa