Analysis of the data on total patents in environmental technologies in Singapore reveals a downward trend. From a peak of 11.02 Units in 2017, the number has consistently declined, standing at 6.14 Units in 2023. Over the past two years, the year-on-year decrease was about -3.5% in 2022 and -3.6% in 2023. The forecast indicates a continued decline with the 5-year CAGR at -3.1% and a forecasted 14.55% drop from 2024 to 2028.
Future trends to watch for include technological breakthroughs or government policies that could potentially reverse the declining trend in environmental technology patents. Changes in global environmental regulations or an increase in funding for green technologies might also impact future patent activity.
