The global oil & gas industry experienced a 28% decline in the number of hydrogen-related patent applications in Q2 2023 compared with the previous quarter. The total number of hydrogen-related grants dropped by 20% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Hydrogen in Oil and Gas – Thematic Research report assesses strategies and initiatives adopted by oil and gas companies to gain a competitive advantage in the hydrogen sector, key trends and the leading companies in the market. Buy the report here.
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Notably, the number of hydrogen-related patent applications in the oil & gas industry was 1,856 in Q2 2023, versus 2,562 in the prior quarter.
The top five companies accounted for 10% of patenting activity
Analysis of patenting activity by companies shows that China Petrochemical filed the most hydrogen patents within the oil & gas industry in Q2 2023. The company filed 58 hydrogen-related patents in the quarter, compared with 18 in the previous quarter. It was followed by Toyota Motor with 45 hydrogen patent filings, Air Liquide (39 filings), and Chinese Academy of Sciences (29 filings) in Q2 2023.
Patenting activity was driven by China with a 32% share of total patent filings
The largest share of hydrogen related patent filings in the oil & gas industry in Q2 2023 was in China with 32%, followed by the US (15%) and South Korea (13%). The share represented by China was 6% lower than the 38% share it accounted for in Q1 2023.
For further understanding of GlobalData's Hydrogen in Oil and Gas - Thematic Research buy the report 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.
