Mitsubishi Power claims top power market share
By Jack Burke14 March 2023
Top share by MW in 2022, company says
Mitsubishi Power said it captured the top global gas turbine market share by megawatts in 2022, according to McCoy Power Reports data.
The company had a global gas turbine market share of 33% and also secured a 49% market share in the Advanced Class gas turbine market, led by the company’s latest model JAC (J-Series Air-Cooled) gas turbines.
Mitsubishi Power said its market share can be attributed to a strong project execution track record, high performance and product reliability. Mitsubishi Power has extensive experience with large frame gas turbines, including the F, G and J-series. The G-series has surpassed 7 million actual operating hours (AOH) and the J-series has surpassed 2 million AOH.
In the heavy-duty gas turbine market, which is the most popular segment for combined cycle gas turbines, the J-series has surpassed 100 units of cumulative orders. In 2022, the company received orders for 20 units of the JAC gas turbines (the latest J-series model), accounting for about 60% in terms of output, and contributing to the high market share.
Mitsubishi Power also noted that all its heavy-duty gas turbines are now equipped with hydrogen co-firing capability. The gas turbines are capable of operating on a mixture of up to 30% hydrogen and 70% natural gas, which can be increased to 100% hydrogen in the future.
“Mitsubishi Power continues to be recognized as both a market and industry leader, receiving top global market share in heavy duty gas turbines,” said Toshiyuki Hashi, MHI Senior Executive Fellow and Head of Energy Transition & Power Headquarters of Energy Systems. “We are eager to continue working with our customers and partners worldwide to drive a realistic energy transition toward carbon neutrality.”