The global construction industry experienced a 40% decline in the number of environmental sustainability-related patent applications in Q1 2024 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 20% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Construction: 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.
Notably, the number of environmental sustainability-related patent applications in the construction industry was 792 in Q1 2024, versus 1,328 in the prior quarter.
The top five companies accounted for 18% of patenting activity
Analysis of patenting activity by companies shows that State-owned Assets Supervision and Administration Commission of the State Council filed the most environmental sustainability patents within the construction industry in Q1 2024. The company filed 42 environmental sustainability-related patents in the quarter, compared with 117 in the previous quarter. It was followed by China Communications Construction Group with 33 environmental sustainability patent filings, Wobben Properties (24 filings), and China State Shipbuilding (23 filings) in Q1 2024.
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Patenting activity was driven by China with a 27% share of total patent filings
The largest share of environmental sustainability related patent filings in the construction industry in Q1 2024 was in China with 27%, followed by the US (16%) and Japan (8%). The share represented by China was 286% lower than the 313% share it accounted for in Q4 2023.
For further understanding of GlobalData's Construction: Patents Trends Q1 2024, buy the databook here.
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