Patents
Patent applications related to metaverse decreased by 6% per year on average in the power industry since 2020
Credit: Bert van Dijk/Getty images.
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The global power industry experienced a 6% decrease in annual average growth rate (AAGR) in the number of metaverse-related patent applications between 2020 and 2022. The total number of metaverse-related grants increased by an AAGR of 3% during the same period, according to GlobalData's patent analytics database.
Notably, the number of metaverse-related patent applications in the power industry was 646 since 2020, while 352 applications were granted.
The top five assignees by filings accounted for 40% of patent applications
Analysis of patent applications by assignee shows that State Grid Corporation of China filed the most metaverse patents within the power industry since 2020. The company filed 94 metaverse-related patents since 2020.
It was followed by China Southern Power Grid (64 applications), Light Field Lab (44 applications), ABB (23 applications) and Universal Display (18 applications).
The top five assignees by grants accounted for 40% of successful patent grants
Analysis of patent grants by assignee shows that State Grid Corporation of China was granted 49 patents related to metaverse within the power industry since 2020. It was followed by Light Field Lab (31 grants), China Southern Power Grid (23 grants), Universal Display (22 grants), ABB (10 grants) and Toshiba Mitsubishi-Electric Industrial Systems (10 grants).
Patent activity was driven by China with a 48% share of total patent publications
The largest share of metaverse-related patent publications in the power industry since 2020 was held by China with 48%, followed by the US (31%) and Japan (5%).
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
