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December 3, 2021

Artificial intelligence innovation among power industry companies has dropped off in the last year

Research and innovation in artificial intelligence in the power industry operations and technologies sector has declined in the last year.

By Michael Goodier

Research and innovation in artificial intelligence in the power industry operations and technologies sector has declined in the last year.

The most recent figures show that the number of AI patent applications in the industry stood at 127 in the three months ending September – down from 185 over the same period last year.

Figures for patent grants related to AI followed a similar pattern to filings – shrinking from 85 in the three months ending September last year to 39 this year.

The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

AI is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

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The figures also provide an insight into the largest innovators in the sector.

Siemens AG was the top artificial intelligence innovator in the power industry operations and technologies sector in the last quarter. The company, which has its headquarters in Germany, filed 67 AI related patents in the three months ending September. That was down from 108 over the same period last year.

It was followed by the United States based Honeywell International Inc with 63 AI patent applications, the United States based 3M Co (26 applications), and Switzerland based ABB Ltd (9 applications).

Honeywell International Inc has recently ramped up R&D in artificial intelligence. It saw growth of 9.5% in related patent applications in the three months ending September compared to the same period last year - the highest percentage growth out of all companies tracked with more than 10 quarterly patents in the power industry operations and technologies sector.

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