The power industry continues to be a hotbed of patent innovation. Activity is driven by factors such as growing adoption of Internet of Things (IoT) devices, and growing importance of technologies such as artificial intelligence (AI), IoT and digitization. In the last three years alone, there have been over 695,000 patents filed and granted in the power industry, according to GlobalData’s report on Batteries in power: sensor-integrated battery packs. Buy the report here.
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According to GlobalData’s Technology Foresights, which uses over 83,000 patents to analyze innovation intensity for the power industry, there are 45+ innovation areas that will shape the future of the industry.
Sensor-integrated battery packs is a key innovation area in batteries
Sensor-integrated battery packs are battery packs that include sensors and circuits for detecting and preventing various defects or hazards that may occur during battery operation.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 230+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of sensor-integrated battery packs.
Key players in sensor-integrated battery packs – a disruptive innovation in the power industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
LG is one of the leading patent filers in sensor-integrated battery packs. It is a diversified holding company that manufactures and sells electronic products, chemicals and telecommunication products through its subsidiaries and affiliates. Its product portfolio includes consumer electronics, mobile communications, and home appliances. The company also offers petrochemicals, household and cosmetic products, IT and electronic materials, and energy solutions. Some other key patent filers include Samsung SDI, MinebeaMitsumi, and Panasonic.
In terms of application diversity, Johnson Controls International leads the pack, while Brookfield and Yazaki stood in the second and third positions, respectively. By means of geographic reach, Noco held the top position, followed by Brookfield and Johnson Controls International.
To further understand the key themes and technologies disrupting the power industry, access GlobalData’s latest thematic research report on Batteries in Power.
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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.
