Patents
Patent applications related to cloud decreased by 35% per year on average in the power industry since 2020
Credit: Bert van Dijk/Getty images.
Powered by
The global power industry experienced a 1% decline in annual average growth rate (AAGR) in the number of cloud-related patent applications between 2020 and 2022. The total number of cloud-related grants increased by an AAGR of 8% during the same period, according to GlobalData's patent analytics database.
Notably, the number of cloud-related patent applications in the power industry was 3,907 since 2020, while 1,786 applications were granted.
The top five companies by filings accounted for 52% of patent applications
Analysis of patent applications by company shows that the State Grid Corporation of China filed the most cloud patents within the power industry since 2020. The company filed 1,148 cloud-related patents since 2020.
It was followed by the China Southern Power Grid (463 applications), the Samsung Group (196 applications), the Xi'an Thermal Power Research Institute (120 applications) and ABB (95 applications).
The top five companies by grants accounted for 41% of successful patent grants
Analysis of patent grants by companies shows that the State Grid Corporation of China was granted 267 patents related to cloud within the power industry since 2020. It was followed by the Samsung Group (113 grants), the China Southern Power Grid (74 grants), ABB (50 grants) and Korea Electric Power (38 grants).
Patent activity was driven by China with a 79% share of total patent publications
The largest share of cloud-related patent publications in the power industry since 2020 was held by China with 79%, followed by South Korea (7%) and the US (4%).
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patents Analytics tracks patent filings and grants from official patent offices around the world. Proprietary 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.
