The power industry continues to be a hotbed of innovation. Activity is driven by development of energy efficient products and minimising the sector’s carbon footprint and growing importance of technologies such as lithium-ion batteries, sodium-ion batteries, and liquid metal batteries. In the last three years alone, there have been over 439,000 patents filed and granted in the power industry, according to GlobalData’s report on Internet of Things in Power: Smart batteries. Buy the report here.

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Data Insights Internet of Things in Power: Smart Batteries

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According to GlobalData’s Technology Foresights, which uses over 83,000 patents to analyse innovation intensity for the power industry, there are 90+ innovation areas that will shape the future of the industry.

Smart batteries is a key innovation area in Internet of Things

Smart batteries are designed to constantly track their own capacity whether they are being charged, discharged or stored. A smart battery pack consists of built-in electronics system with information about its power status to conserve power intelligently.

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 70+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of smart batteries.

Key players in smart batteries – a disruptive innovation in the power industry

‘Application diversity’ measures the number of different applications identified for each relevant patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.

‘Geographic reach’ refers to the number of different countries each relevant patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.

Patent volumes related to smart batteries

Company Total patents (2021 - 2023) Premium intelligence on the world's largest companies
GuangDong OPPO Mobile Telecommunications 180 Unlock Company Profile
Samsung SDI 170 Unlock Company Profile
LG 165 Unlock Company Profile
MinebeaMitsumi 103 Unlock Company Profile
Panasonic 101 Unlock Company Profile
GS Yuasa 88 Unlock Company Profile
Sumitomo Electric Industries 80 Unlock Company Profile
Dexerials 69 Unlock Company Profile
Robert Bosch Stiftung 56 Unlock Company Profile
Noco 51 Unlock Company Profile
Brookfield Asset Management 50 Unlock Company Profile
Johnson Controls International 44 Unlock Company Profile
Hyundai Motor Group 34 Unlock Company Profile
ITM Semiconductor 30 Unlock Company Profile
Xiaomi 30 Unlock Company Profile
SZ DJI Technology 28 Unlock Company Profile
SK Innovation 27 Unlock Company Profile
Samsung Group 27 Unlock Company Profile
Yazaki 25 Unlock Company Profile
O2Micro International 24 Unlock Company Profile
Stihl Holding 24 Unlock Company Profile
Microchip Technology 23 Unlock Company Profile
Toyota Motor 21 Unlock Company Profile
Kia 20 Unlock Company Profile
Toshiba 19 Unlock Company Profile
Quanta Computer 19 Unlock Company Profile
Philip Morris International 19 Unlock Company Profile
Seiko Holdings 18 Unlock Company Profile
Hitachi 17 Unlock Company Profile
Murata Manufacturing 16 Unlock Company Profile
Microsoft 15 Unlock Company Profile
Semiconductor Energy Laboratory 14 Unlock Company Profile
Hon Hai Precision Industry 14 Unlock Company Profile
Bayerische Motoren Werke 13 Unlock Company Profile
Littelfuse 13 Unlock Company Profile
Porsche Automobil Holding 12 Unlock Company Profile
HK Holdings 11 Unlock Company Profile
Yamaha Motor 11 Unlock Company Profile
BYD 11 Unlock Company Profile
Motorola Solutions 10 Unlock Company Profile
Mitsubishi Heavy Industries 10 Unlock Company Profile
Denso 10 Unlock Company Profile
NGK Insulators 10 Unlock Company Profile
Sony Group 10 Unlock Company Profile
Furukawa 9 Unlock Company Profile
General Electric 9 Unlock Company Profile
Ricoh 9 Unlock Company Profile
AVL List 9 Unlock Company Profile
Makita 8 Unlock Company Profile
TotalEnergies 8 Unlock Company Profile

Source: GlobalData Patent Analytics

Sumitomo Electric Industries’ products includes redox flow batteries that are charged and discharged by means of the oxidation-reduction reaction of ions of vanadium. They deliver a long service life with almost no degradation of electrodes and electrolytes, high safety due to being free of combustible materials, and availability of operation under normal temperatures. Redox flow batteries are ideal for use in power grid systems.

General Electric offers the FLEXRESERVOIR solution, a utility-scale energy storage solution, that utilises batteries to inject a large amount of power into the grid over a short period of time in an energy configuration. Meanwhile, MHI Group contributes to a low carbon environment by developing and delivering proprietary solutions and products. The company’s lithium-ion battery technology, such as the grid energy storage system, is an important element driving the use of renewable energy.

To further understand how Internet of Things is disrupting the power industry, access GlobalData’s latest thematic research report on Internet of Things in Power (2021).

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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.