The global power industry experienced a 38% decline in the number of energy storage-related patent applications in Q2 2023 compared with the previous quarter. The total number of energy storage-related grants dropped by 29% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 report provides an outlook of the global ESS market, along with granular data on historical figures and forecasts of revenue opportunities from the technology, end-use, and regional segments. Buy the report here.
Notably, the number of energy storage-related patent applications in the power industry was 405 in Q2 2023, versus 652 in the prior quarter.
The top five companies accounted for 28% of patenting activity
Analysis of patenting activity by companies shows that Contemporary Amperex Technology filed the most energy storage patents within the power industry in Q2 2023. The company filed 65 energy storage-related patents in the quarter, compared with 158 in the previous quarter. It was followed by State Grid Corporation of China with 19 energy storage patent filings, Ningde Times New Energy Technology (19 filings), and Xi'an Thermal Power Research Institute (6 filings) in Q2 2023.
Patenting activity was driven by China with a 37% share of total patent filings
The largest share of energy storage related patent filings in the power industry in Q2 2023 was in China with 37%, followed by the US (30%) and Japan (5%). The share represented by China was 6% higher than the 31% share it accounted for in Q1 2023.
For further understanding of GlobalData's Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 buy the report here.