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MITSUBISHI POWER FIRST PLACE IN GLOBAL GAS TURBINE MARKET
- By The Financial District
- May 16, 2021
- 2 min read
Mitsubishi Power, a subsidiary of the Mitsubishi Heavy Industries Group (MHI), achieved the largest market share in megawatts in the first quarter of 2021, with a global gas turbine market share of 29%, according to data from McCoy Power Reports.
The company also secured a 40.8% market share in the heavy-duty gas turbine (HDGT) market, representing a single production unit of 100 megawatts (MW) and above, led by the most advanced model. Mitsubishi Power's recent JAC (air-cooled J Series) gas turbines.
Mitsubishi Power's high market share results from its strong track record of project execution, high performance, and product reliability. Mitsubishi Power has extensive experience with large gas turbines, including the F, G and J series.
The G series has exceeded 5.6 million actual operating hours (AOH) with 94 units already in commercial operation. The J series surpassed 1.3 million AOH with 46 units already in commercial operation and has 99.6% reliability.
In the HDGT market, which is the most popular segment for combined cycle gas turbines, JAC is the world's leading gas turbine with efficiency greater than 64%. It meets strict carbon emission reduction standards, offering the lowest emissions in its class.
Another feature that boosts Mitsubishi Power's global leader status is that all heavy gas turbines are now supplied with hydrogen capacity for even deeper decarbonization. When delivered, gas turbines will be able to operate with a mixture of up to 30% hydrogen and 70% natural gas, which may be increased to 100% hydrogen in the future.
An important contributor to Mitsubishi Power's market share is the recent order for two M701JAC gas turbines for a 1,500 MW combined cycle plant under construction in Sirdarya, Republic of Uzbekistan.
This is the first large-scale independent energy producer project in the country and, once installed, the turbines will be the largest and most efficient in the Commonwealth of Independent States (CIS) region. The order also underscores Mitsubishi Power's deep commitment to the CIS region.
"Mitsubishi Power continues to be recognized as a market and industry leader, once again receiving the largest share of the global market behind the strength of JAC," said Ken Kawai, President and CEO of Mitsubishi Power.
"We look forward to continuing to work with our customers and partners around the world to lay the foundation for a path towards an energy sector that is completely carbon neutral."
