The global construction industry experienced a 34% decline in the number of environmental sustainability-related patent applications in Q1 2023 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 34% in Q1 2023, according to GlobalData’s Patent Analytics. GlobalData’s Environmental Trends in Construction – Thematic Intelligence report helps understand the impact of environmental pressures in construction, most pressing environmental themes, commitment details of the leading companies, and environmental discussions. Buy the report here.
Notably, the number of environmental sustainability-related patent applications in the construction industry was 637 in Q1 2023, versus 966 in the prior quarter.
The top five companies accounted for 30% of patenting activity
Analysis of patenting activity by companies shows that Samsung Heavy Industries filed the most environmental sustainability patents within the construction industry in Q1 2023. The company filed 53 environmental sustainability-related patents in the quarter, compared with 58 in the previous quarter. It was followed by State-owned Assets Supervision and Administration Commission of the State Council with 42 environmental sustainability patent filings, China State Shipbuilding (40 filings), and China Communications Construction Group (32 filings) in Q1 2023.
Patenting activity was driven by China with a 33% share of total patent filings
The largest share of environmental sustainability related patent filings in the construction industry in Q1 2023 was in China with 33%, followed by South Korea (23%) and Japan (18%). The share represented by China was 15% lower than the 48% share it accounted for in Q4 2022.
To further understand GlobalData's analysis on Environmental Trends in Construction – Thematic Intelligence buy the report here.