The power industry continues to be a hotbed of patent innovation. Activity is driven by rising energy demand, renewable integration, and the need for grid stability and resilience, and growing importance of technologies such as artificial intelligence (AI), Internet of Things and digitization. In the last three years alone, there have been over 695,000 patents filed and granted in the power industry, according to GlobalData’s report on Artificial intelligence in power: power fault monitoring AI. Buy the report here.
Smarter leaders trust GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to GlobalData’s Technology Foresights, which uses over 83,000 patents to analyze innovation intensity for the power industry, there are 45+ innovation areas that will shape the future of the industry.
Power fault monitoring AI is a key innovation area in artificial intelligence
AI techniques, in particular machine learning and data analytics, have become effective tools for automating error detection and prediction procedures. Power fault monitoring AI is used to detect and track faults in a power distribution grid. AI may also be used to rectify the detected faults and address the faulty network or device to avoid a power grid failure cascade.
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 385+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of power fault monitoring AI.
Key players in power fault monitoring AI – a disruptive innovation in the power industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
State Grid Corporation of China is one of the leading patent filers in power fault monitoring AI. The company’s core business includes the construction and operation of power grids. It focuses on research and development of ultra-high voltage (UHV) transmission and smart grid technologies. SGCC owns proprietary intellectual property rights and promotes the export of technology and related equipment. It also operates large-scale commercial UHV projects. SGCC supplies power to municipalities, provinces, and autonomous regions, servicing most of the territory in China. Some other key patent filers in the automotive industry include China Southern Power Grid, Alphabet, and NARI Technology.
In terms of application diversity, the Ministry of Education of the People's Republic of China leads the pack, while the Government of China and Jieyang Power Supply Bureau Guangdong Power Grid stood in the second and third positions, respectively. By means of geographic reach, China United Network Communications Group held the top position, followed by the Ministry of Education of the People's Republic of China and Uni-President Enterprises.
To further understand the key themes and technologies disrupting the power industry, access GlobalData’s latest thematic research report on Artificial intelligence (AI) in Power.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
