The global power industry experienced a 50% decline in the number of hydrogen-related patent applications in Q3 2023 compared with the previous quarter. The total number of hydrogen-related grants dropped by 40% in Q3 2023, according to GlobalData’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.
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Notably, the number of hydrogen-related patent applications in the power industry was 382 in Q3 2023, versus 765 in the prior quarter.
The top five companies accounted for 18% of patenting activity
Analysis of patenting activity by companies shows that Bloom Energy filed the most hydrogen patents within the power industry in Q3 2023. The company filed 36 hydrogen-related patents in the quarter, compared with 44 in the previous quarter. It was followed by Robert Bosch Stiftung with 9 hydrogen patent filings, Electricite de France (8 filings), and Mitsubishi Heavy Industries (8 filings) in Q3 2023.
Patenting activity was driven by China with a 20% share of total patent filings
The largest share of hydrogen related patent filings in the power industry in Q3 2023 was in China with 20%, followed by the US (20%) and Japan (8%). The share represented by China was 29% lower than the 49% share it accounted for in Q2 2023.
For further understanding of GlobalData's Power: Patents Trends Q3 2023, 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.
