The global mining industry experienced a 27% decline in the number of batteries-related patent applications in Q1 2024 compared with the previous quarter. The total number of batteries-related grants dropped by 8% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Mining: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of batteries-related patent applications in the mining industry was 81 in Q1 2024, versus 111 in the prior quarter.
The top five companies accounted for 53% of patenting activity
Analysis of patenting activity by companies shows that Mitsui Mining & Smelting filed the most batteries patents within the mining industry in Q1 2024. The company filed 14 batteries-related patents in the quarter, compared with 16 in the previous quarter. It was followed by Qazaqstan Investment Corp with 9 batteries patent filings, Toyo Seikan Group (7 filings), and JFE (7 filings) in Q1 2024.
Patenting activity was driven by Japan with a 30% share of total patent filings
The largest share of batteries related patent filings in the mining industry in Q1 2024 was in Japan with 30%, followed by China (22%) and the US (11%). The share represented by Japan was 6% higher than the 23% share it accounted for in Q4 2023.
For further understanding of GlobalData's Mining: Patents Trends Q1 2024, buy the databook here.
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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.
