The global mining industry experienced a 44% drop in company filings mentions of batteries in Q2 2023 compared with the previous quarter, with the highest share accounted for by Caterpillar with 14% year-on-year decrease, according to GlobalData’s analysis of over 398 mining company filings. GlobalData’s Batteries – Thematic Research report provides an overview of the batteries market in terms of market size and expected growth up to 2030, its potential impact on different sectors, key alternative batteries and the competitive landscape. Buy the report here.

Notably, batteries was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of big data and robotics, according to GlobalData.

Of the top leading companies in the mining industry, Caterpillar had the greatest increase in references for batteries in Q2 2023, compared with the previous quarter. GlobalData identified 31 batteries-related sentences in the company's filings - 2% of all sentences - and a decrease of 14% in Q2 2023 compared with Q2 2022. Atlas Copco’s mentions of batteries rose by 1100% to 12 and CNH Industrial’s by 50% to 3 and Cummins’s by 57% to 3.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for batteries in Q2 2023 was 101.

For further understanding of GlobalData's Batteries - Thematic Research buy the report here.

This content was updated on 5 August 2023

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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 Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.