The global mining industry experienced a 25% decline in the number of batteries-related patent applications in Q3 2023 compared with the previous quarter. The total number of batteries-related grants rose by 5% in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Mining: Patents Trends Q3 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.
Notably, the number of batteries-related patent applications in the mining industry was 71 in Q3 2023, versus 95 in the prior quarter.
The top five companies accounted for 63% of patenting activity
Analysis of patenting activity by companies shows that ENEOS filed the most batteries patents within the mining industry in Q3 2023. The company filed 14 batteries-related patents in the quarter, compared with 15 in the previous quarter. It was followed by Mitsui Mining & Smelting with 12 batteries patent filings, JFE (9 filings), and Toyo Seikan Group (6 filings) in Q3 2023.
Patenting activity was driven by China with a 17% share of total patent filings
The largest share of batteries related patent filings in the mining industry in Q3 2023 was in China with 17%, followed by Japan (14%) and the US (14%). The share represented by China was 2% lower than the 19% share it accounted for in Q2 2023.
For further understanding of GlobalData's Mining: Patents Trends Q3 2023, buy the databook here.