The global power industry experienced a 33% decline in the number of 3D printing-related patent applications in Q3 2023 compared with the previous quarter. The total number of 3D printing-related grants remained flat in Q3 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Power: Patents Trends Q3 2023 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 3D printing-related patent applications in the power industry was 76 in Q3 2023, versus 113 in the prior quarter.
The top five companies accounted for 45% of patenting activity
Analysis of patenting activity by companies shows that RTX filed the most 3D printing patents within the power industry in Q3 2023. The company filed 18 3D printing-related patents in the quarter, compared with 21 in the previous quarter. It was followed by General Electric with 6 3D printing patent filings, US Department of Energy (5 filings), and Eaton Corporation (3 filings) in Q3 2023.
Patenting activity was driven by the US with a 41% share of total patent filings
The largest share of 3D printing related patent filings in the power industry in Q3 2023 was in the US with 41%, followed by China (17%) and South Korea (7%). The share represented by the US was 0.97% higher than the 40% share it accounted for in Q2 2023.
For further understanding of GlobalData's Power: Patents Trends Q3 2023, 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.
