The power industry continues to be a hotbed of innovation, with activity driven by increasing environmental concerns to reduce carbon emissions and adoption of energy-efficient technologies, and growing importance of technologies such as absorption, adsorption, desiccant systems and solar hybrid inverter technology. In the last three years alone, there have been more than 439,000 patents filed and granted in the power industry, according to GlobalData’s report on Environment Sustainability in Power: Solar air conditioning.
However, not all innovations are the same and neither do they follow ever-increasing trends. Instead, their evolution takes the form of an S-shaped curve that shows their typical life cycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those in the developing and accelerating stages, is critical to understanding their current level of adoption and likely future adoption. pattern and effect they will have.
90+ innovations will shape the power industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the power industry using innovation intensity models built on more than 83,000 patents, there are 90+ innovation areas that will shape the future of the industry.
Within emerged innovation stage, smart lighting system, PCM thermal energy storage and solid electrolyte fuel cell membrane are the disruptive technologies that are in the first stages of application and must be closely monitored. Ceramic oxide nuclear fuel, geothermal heat pumps, and hybrid PV plants are some of the Hastening areas of innovation, where adoption continues to increase. our MATURITY Areas of innovation are combined-cycle gas turbines and ethylene co-polymer PV modules, which are now well established in the industry.
Innovation S-curve for environmental sustainability in the power industry
Solar air conditioning is an important area of change in environmental sustainability
Solar air conditioning is a thermally-driven refrigeration process of converting solar energy into conditioned air by using solar thermal panels to run the refrigerant in the system instead of using conventional electricity. While Solar Powered air conditioning will require solar modules, batteries and inverters to run the air conditioners.
GlobalData’s analysis also reveals the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 10+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and use of solar air conditioning.
Key players in solar air conditioning – a disruptive innovation in power industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly divides companies into ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries in which each relevant patent is registered and indicates the extent of the geographic application intended, from ‘global’ to ‘local’.
Gree Electric started as a residential air conditioner assembly company and has grown into a diversified global technological industrial group that offers innovative solar air conditioning solutions such as photovoltaic direct-driven inverter multi VRF systems, GMV solar generation II and solar Hybrid Hi Wall Inverter Air Conditioner. It is one of the main patent filers of solar powered air conditioning.
Panasonic and Johnson Controls International are among the other key patent filers in solar air conditioning.
To better understand the key themes and technologies disrupting the power industry, access GlobalData’s latest thematic research report on Power.
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