The global power industry experienced a 64% decline in the number of hydrogen-related patent applications in Q2 2023 compared with the previous quarter. The total number of hydrogen-related grants dropped by 41% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Hydrogen in Power – Thematic Research report assesses strategies and initiatives adopted by power companies to gain a competitive advantage in the hydrogen sector, key trends and the leading companies in the market. Buy the report here.
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Notably, the number of hydrogen-related patent applications in the power industry was 137 in Q2 2023, versus 380 in the prior quarter.
The top five companies accounted for 24% of patenting activity
Analysis of patenting activity by companies shows that Bloom Energy filed the most hydrogen patents within the power industry in Q2 2023. The company filed 9 hydrogen-related patents in the quarter, compared with 3 in the previous quarter. It was followed by Vaillant with 8 hydrogen patent filings, Xi'an Thermal Power Research Institute (6 filings), and Huaneng Clean Energy Research Institute (5 filings) in Q2 2023.
Patenting activity was driven by the US with a 43% share of total patent filings
The largest share of hydrogen related patent filings in the power industry in Q2 2023 was in the US with 43%, followed by China (26%) and Germany (4%). The share represented by the US was 24% higher than the 19% share it accounted for in Q1 2023.
For further understanding of GlobalData's Hydrogen in Power - Thematic Research buy the report here.
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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.
