The global mining industry experienced a 12% decline in the number of batteries-related patent applications in Q2 2024 compared with the previous quarter. The total number of batteries-related grants dropped by 2% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Mining: Patents Trends Q2 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Smarter leaders trust GlobalData
Notably, the number of batteries-related patent applications in the mining industry was 97 in Q2 2024, versus 110 in the prior quarter.
The top five companies accounted for 46% of patenting activity
Analysis of patenting activity by companies shows that POSCO filed the most batteries patents within the mining industry in Q2 2024. The company filed 12 batteries-related patents in the quarter, compared with 2 in the previous quarter. It was followed by Mitsui Mining & Smelting with 10 batteries patent filings, Daido Steel (9 filings), and ArcelorMittal (8 filings) in Q2 2024.
Patenting activity was driven by China with a 26% share of total patent filings
The largest share of batteries related patent filings in the mining industry in Q2 2024 was in China with 26%, followed by Japan (14%) and the US (13%). The share represented by China was 9% higher than the 16% share it accounted for in Q1 2024.
For further understanding of GlobalData's Mining: Patents Trends Q2 2024, buy the databook here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
