Research and innovation in internet of things in the power industry operations and technologies sector has rebounded in the last quarter.

The most recent figures show that the number of IoT related patent applications in the industry stood at 177 in the three months ending February – down from 178 over the same period in 2021.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Figures for patent grants related to IoT followed a similar pattern to filings – shrinking from 105 in the three months ending February 2021 to 74 in the same period in 2022.

The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

IoT is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The figures also provide an insight into the largest innovators in the sector.

Honeywell International Inc was the top IoT innovator in the power industry operations and technologies sector in the latest quarter. The company, which has its headquarters in the United States, filed 189 IoT related patents in the three months ending February. That was up from 141 over the same period in 2021.

It was followed by the Germany based Siemens AG with 58 IoT patent applications, Switzerland based ABB Ltd (21 applications), and the United States based 3M Co (18 applications).

Korea Electric Power Corp has recently ramped up R&D in IoT. It saw growth of 54.5% in related patent applications in the three months ending February compared to the same period in 2021 - the highest percentage growth out of all companies tracked with more than 10 quarterly patents in the power industry operations and technologies sector.