The power industry continues to be a hotbed of innovation. Activity is driven by efficient home appliance design, improved customer awareness of, and participation in, demand-side management (DSM) programmes and growing importance of technologies such as smart meters, smart home appliances and smart lighting. In the last three years alone, there have been over 439,000 patents filed and granted in the power industry, according to GlobalData’s report on Internet of Things in Power: Home automation network power management. Buy the report here.
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According to GlobalData’s Technology Foresights, which uses over 83,000 patents to analyse innovation intensity for the power industry, there are 90+ innovation areas that will shape the future of the industry.
Home automation network power management is a key innovation area in Internet of Things
Home automation network power management is the process of controlling and managing the power consumption of devices on a home automation network.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 30 companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of home automation network power management.
Key players in home automation network power management – a disruptive innovation in the power industry
‘Application diversity’ measures the number of different applications identified for each relevant patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to home automation network power management
Source: GlobalData Patent Analytics
Some of the major players in the global smart home energy management system market include LG, Samsung Group, Lutron Electronics and Alphabet.
Samsung Group is one of the largest players in the home-energy management systems. SmartThings Energy, a new service within Samsung Electronics’ Internet of Things (IoT) app, allows users to take control of their energy consumption by providing real-time information on where and how energy is being used within the home.
Other key patent filers in the home automation power management include Sony Group, ABB, Panasonic, Tendyron and Haier Group.
To further understand how Internet of Things is disrupting the power industry, access GlobalData’s latest thematic research report on Internet of Things in Power (2021).
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
