View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Analysis
July 1, 2022updated 27 Jun 2022 9:18am

Batteries innovation among mining industry companies has dropped off in the last year

Analysis of patent filings shows a shrinking level of batteries related applications in the industry over the past year

By Data Journalism Team

Research and innovation in batteries in the mining industry operations and technologies sector has declined in the last year.

The most recent figures show that the number of batteries-related patent applications in the industry stood at 105 in the three months ending April – down from 107 over the same period in 2021.

Figures for patent grants related to batteries followed a different pattern to filings – growing from 37 in the three months ending April 2021 to 49 in the same period in 2022.

The figures are compiled by GlobalData, which tracks patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

Batteries is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from. The figures also provide an insight into the largest innovators in the sector.

Sumitomo Metal Mining was the top batteries innovator in the mining industry operations and technologies sector in the latest quarter. The company, which has its headquarters in Japan, filed 44 batteries-related patents in the three months ending April. That was down from 55 over the same period in 2021.

It was followed by the Japan-based Mitsui Mining & Smelting with 14 batteries patent applications, the US-based Caterpillar (10 applications), and Japan-based Dowa Holdings (9 applications).

Mitsui Mining & Smelting Co Ltd has recently ramped up R&D in batteries. It saw growth of 35.7% in related patent applications in the three months ending April compared to the same period in 2021 - the highest percentage growth out of all companies tracked with more than 10 quarterly patents in the mining industry operations and technologies sector.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology