The global mining industry experienced a 6% decline in the number of batteries-related patent applications in Q1 2023 compared with the previous quarter. The total number of batteries-related grants dropped by 39% in Q1 2023, according to GlobalData’s Patent Analytics. 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, the number of batteries-related patent applications in the mining industry was 72 in Q1 2023, versus 77 in the prior quarter.
The top five companies accounted for 65% of patenting activity
Analysis of patenting activity by companies shows that ArcelorMittal filed the most batteries patents within the mining industry in Q1 2023. The company filed 15 batteries-related patents in the quarter, compared with 3 in the previous quarter. It was followed by Mitsui Mining & Smelting with 13 batteries patent filings, Jinchuan Group (7 filings), and Kobe Steel (6 filings) in Q1 2023.
Patenting activity was driven by China with a 25% share of total patent filings
The largest share of batteries related patent filings in the mining industry in Q1 2023 was in China with 25%, followed by Japan (15%) and the US (8%). The share represented by China was 3% higher than the 22% share it accounted for in Q4 2022.
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