The global mining industry experienced a 38% decline in the number of batteries-related patent applications in Q3 2024 compared with the previous quarter. The total number of batteries-related grants dropped by 35% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Mining: Patents Trends Q3 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 110 in Q3 2024, versus 178 in the prior quarter.
The top five companies accounted for 45% of patenting activity
Analysis of patenting activity by companies shows that Mitsui Mining & Smelting filed the most batteries patents within the mining industry in Q3 2024. The company filed 16 batteries-related patents in the quarter, compared with 22 in the previous quarter. It was followed by POSCO with 10 batteries patent filings, Toyo Seikan Group (9 filings), and Research Institute of Industrial Science & Technology (9 filings) in Q3 2024.
Patenting activity was driven by the US with a 24% share of total patent filings
The largest share of batteries related patent filings in the mining industry in Q3 2024 was in the US with 24%, followed by Japan (17%) and China (11%). The share represented by the US was 14% higher than the 10% share it accounted for in Q2 2024.
For further understanding of GlobalData's Mining: Patents Trends Q3 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.
