The global mining industry experienced a 28% decline in the number of batteries-related patent applications in Q4 2023 compared with the previous quarter. The total number of batteries-related grants dropped by 27% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Mining: Patents Trends Q4 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 batteries-related patent applications in the mining industry was 87 in Q4 2023, versus 120 in the prior quarter.

The top five companies accounted for 56% of patenting activity

Analysis of patenting activity by companies shows that Toyo Seikan Group filed the most batteries patents within the mining industry in Q4 2023. The company filed 14 batteries-related patents in the quarter, compared with 6 in the previous quarter. It was followed by ENEOS with 12 batteries patent filings, Mitsui Mining & Smelting (9 filings), and Korea Zinc (8 filings) in Q4 2023.

Patenting activity was driven by Japan with a 28% share of total patent filings

The largest share of batteries related patent filings in the mining industry in Q4 2023 was in Japan with 28%, followed by China (21%) and the US (10%). The share represented by Japan was 6% higher than the 22% share it accounted for in Q3 2023.

For further understanding of GlobalData's Mining: Patents Trends Q4 2023, buy the databook here.

This content was updated on 23 January 2024

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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.