The global power industry experienced a 65% decline in the number of robotics-related patent applications in Q3 2023 compared with the previous quarter. The total number of robotics-related grants dropped by 56% in Q3 2023, according to GlobalDataâ€™s Patent Analytics. GlobalData’s databook Power: Patents Trends Q3 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of robotics-related patent applications in the power industry was 362 in Q3 2023, versus 1,022 in the prior quarter.
The top five companies accounted for 29% of patenting activity
Analysis of patenting activity by companies shows that ABB filed the most robotics patents within the power industry in Q3 2023. The company filed 35 robotics-related patents in the quarter, compared with 29 in the previous quarter. It was followed by State Grid Corporation of China with 23 robotics patent filings, China Southern Power Grid (19 filings), and Kia (14 filings) in Q3 2023.
Patenting activity was driven by China with a 52% share of total patent filings
The largest share of robotics related patent filings in the power industry in Q3 2023 was in China with 52%, followed by the US (18%) and South Korea (9%). The share represented by China was 27% lower than the 79% share it accounted for in Q2 2023.
For further understanding of GlobalData's Power: Patents Trends Q3 2023, buy the databook here.