The global consumer industry experienced a 65% decline in the number of environmental sustainability-related patent applications in Q3 2023 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 51% in Q3 2023, according to GlobalDataâ€™s Patent Analytics. GlobalData’s databook Consumer: 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.
Notably, the number of environmental sustainability-related patent applications in the consumer industry was 2,270 in Q3 2023, versus 6,499 in the prior quarter.
The top five companies accounted for 37% of patenting activity
Analysis of patenting activity by companies shows that Haier Group filed the most environmental sustainability patents within the consumer industry in Q3 2023. The company filed 340 environmental sustainability-related patents in the quarter, compared with 1343 in the previous quarter. It was followed by Gree Electric Appliances Inc of Zhuhai with 149 environmental sustainability patent filings, Midea Group (138 filings), and Daikin Industries (126 filings) in Q3 2023.
Patenting activity was driven by China with a 39% share of total patent filings
The largest share of environmental sustainability related patent filings in the consumer industry in Q3 2023 was in China with 39%, followed by the US (14%) and Japan (8%). The share represented by China was 30% lower than the 69% share it accounted for in Q2 2023.
For further understanding of GlobalData's Consumer: Patents Trends Q3 2023, buy the databook here.