The purpose of this review is to present an overview of the patent landscape for catalysts used in hydrogenation reactions. Based on patent data extracted from PatBase®, we use predefined patent classifications as well as a keyword‐based search for our analyses. The results indicate that the number of patent families that protect heterogeneous catalysts grows twice as fast as that for their homogeneous counterparts. Furthermore, the data show a shift towards abundant and non‐toxic elements in heterogeneous catalysis, while the noble metals continue to dominate the patent landscape of homogeneous catalysis. A subsequent geographical analysis reveals that the high growth rates in heterogeneous catalysis, especially for nickel and iron, are driven by China. Conversely, patenting activities with regard to homogeneous catalysts mainly take place in the USA, the EU, and Japan. The subsequent keyword‐based search illustrates the continuous industrial relevance of enantioselective hydrogenation and transfer hydrogenation, as well as the rapidly increasing body of patents in hydrodeoxygenation. Setting these finding into context, we present and apply two concepts that are commonly used in patent analyses, namely the technology life cycle and the S‐curve. We conclude that hydrogenation catalysis has not reached its peak economic relevance yet and will continue to spark valuable patents and innovations in the future.