The global power industry experienced a 28% decline in the number of 3D printing-related patent applications in Q1 2024 compared with the previous quarter. The total number of 3D printing-related grants dropped by 13% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Power: Patents Trends Q1 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 3D printing-related patent applications in the power industry was 68 in Q1 2024, versus 94 in the prior quarter.
The top five companies accounted for 44% of patenting activity
Analysis of patenting activity by companies shows that RTX filed the most 3D printing patents within the power industry in Q1 2024. The company filed 14 3D printing-related patents in the quarter, compared with 25 in the previous quarter. It was followed by General Electric with 5 3D printing patent filings, Eaton Corporation (4 filings), and Tokamak Energy (4 filings) in Q1 2024.
Patenting activity was driven by the US with a 54% share of total patent filings
The largest share of 3D printing related patent filings in the power industry in Q1 2024 was in the US with 54%, followed by China (12%) and Japan (6%). The share represented by the US was 16% higher than the 38% share it accounted for in Q4 2023.
For further understanding of GlobalData's Power: Patents Trends Q1 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.
