Patents
Patent applications related to cybersecurity increased by 1% per year on average in the power industry since 2020
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The global power industry experienced a 1% increase in annual average growth rate (AAGR) in the number of cybersecurity-related patent applications between 2020 and 2022. The total number of cybersecurity-related grants increased by an AAGR of 16% during the same period, according to GlobalData's patent analytics database.
Notably, the number of cybersecurity-related patent applications in the power industry was 6,241 since 2020, while 3,537 applications were granted.
The top five companies by filings accounted for 45% of patent applications
Analysis of patent applications by assignee shows that State Grid Corporation of China filed the most cybersecurity patents within the power industry since 2020. The company filed 1,662 cybersecurity-related patents since 2020.
It was followed by China Southern Power Grid (828 applications), State Grid Information and Telecommunication (124 applications), Siemens (110 applications) and Johnson & Johnson (109 application).
The top five companies by grants accounted for 41% of successful patent grants
Analysis of patent grants by assignee shows that State Grid Corporation of China was granted 688 patents related to cybersecurity within the power industry since 2020. It was followed by China Southern Power Grid (345 grants), State Grid Information and Telecommunication (181 grants), ABB (68 grants) and Korea Electric Power (66 grants).
Patent activity was driven by China with a 67% share of total patent publications
The largest share of cybersecurity-related patent publications in the power industry since 2020 was held by China with 67%, followed by the US (18%) and South Korea (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.
