The global power industry experienced a 62% decline in the number of robotics-related patent applications in Q3 2024 compared with the previous quarter. The total number of robotics-related grants dropped by 29% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Power: Patents Trends Q3 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of robotics-related patent applications in the power industry was 316 in Q3 2024, versus 830 in the prior quarter.
The top five companies accounted for 34% of patenting activity
Analysis of patenting activity by companies shows that ABB filed the most robotics patents within the power industry in Q3 2024. The company filed 37 robotics-related patents in the quarter, compared with 43 in the previous quarter. It was followed by State Grid Corporation of China with 27 robotics patent filings, China Southern Power Grid (20 filings), and Korea Institute of Industrial Technology (KITECH) (17 filings) in Q3 2024.
Patenting activity was driven by China with a 39% share of total patent filings
The largest share of robotics related patent filings in the power industry in Q3 2024 was in China with 39%, followed by the US (20%) and Australia (1%). The share represented by China was 36% lower than the 74% share it accounted for in Q2 2024.
For further understanding of GlobalData's Power: Patents Trends Q3 2024, buy the databook here.
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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.
