TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
May 13, 2021 18:29 JST
Source:
Mitsubishi Power, Ltd.
Mitsubishi Power Achieves #1 Market Share Globally in the First Quarter of 2021 According to McCoy Power Report
- No. 1 in the global gas turbine market with a 29.0% share
- 40.8% share of heavy-duty gas turbine market
YOKOHAMA, Japan, May 13, 2021 - (JCN Newswire) - Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, captured the top market share by megawatts in the first quarter of 2021 with a global gas turbine market share of 29.0% according to McCoy Power Reports data.* The company also secured 40.8% share of the heavy-duty gas turbine (HDGT) market, representing single unit output of 100 megawatts (MW) and above, led by Mitsubishi Power's latest model JAC (J-Series Air-Cooled) gas turbines.
Mitsubishi Power's high market share results from its strong project execution track record, 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 surpassed 5.6 million actual operating hours (AOH) with 94 units now in commercial operation. The J series has surpassed 1.3 million AOH with 46 units now in commercial operation, and has 99.6% reliability.
In the HDGT market, which is the most popular segment for combined cycle gas turbines, the JAC is the world's leading gas turbine with an efficiency greater than 64%. It meets rigid standards for reduced carbon emissions, offering the lowest emissions in its class.
Another feature boosting Mitsubishi Power's leading global status is that all heavy-duty gas turbines now ship with hydrogen capability for even deeper decarbonization. As delivered, 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.
A key contributor to Mitsubishi Power's market share is the recent order for two M701JAC gas turbines for a 1,500 MW combined cycle power plant that is under construction in Sirdarya, the Republic of Uzbekistan. This is the first large-scale independent power 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 both a market and industry leader, once again receiving top global market share behind the strength of the JAC," said Ken Kawai, President and CEO of Mitsubishi Power. "We are eager to continue working with our customers and partners worldwide to lay the groundwork for a path toward a power sector that is completely carbon-neutral."
*This is based on the McCoy Power Report in the United States, which provides detailed market research. on global power generation projects.
Source: Mitsubishi Power, Ltd.
Sectors: Energy, Alternatives
Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Alba marks important milestone in PS5 Block 4 Project with the arrival of Mitsubishi Power M701JAC Gas Turbine
October 25 2023 14:16 JST
Alba Chairman visits Mitsubishi Heavy Industries facilities in Japan
July 04 2023 11:12 JST
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2022 According to McCoy Power Report
March 09 2023 12:40 JST
Origis Energy and Mitsubishi Power to Bring Battery Energy Storage Projects to the Southeast United States
December 21 2022 10:04 JST
Mitsubishi Power, Government and Industry Leaders Discuss Energy Security and Transition at 2022 Gas Turbine Technical Seminar in Bangladesh
December 13 2022 18:09 JST
Mitsubishi Power Receives 55MW Geothermal Power Plant Order from Pertamina
December 05 2022 14:26 JST
Mitsubishi Power to Upgrade Two Gas Turbines at Tuas Power to Achieve 16.9 kilo-tonnes of Carbon Emissions Reduction Annually
November 30 2022 13:55 JST
PLN Nusantara Power and Mitsubishi Power's Muara Karang Power Plant Recognized as "Project of the Year" at Asian Power Awards 2022
November 29 2022 18:00 JST
Mitsubishi Power and Egypt's Damietta LNG Sign Long Term Service Agreement to Enhance Power Supply Reliability and Availability
November 01 2022 17:48 JST
Mitsubishi Power Receives Serial Contracts from Taiwan Power for Large-Scale Modification of GTCC at the Datan Power Plant
July 05 2022 12:23 JST
More Press release >>
Latest Press Release
Fujitsu Finland to provide comprehensive IT services to Kempower, provider of electric vehicle fast charging solutions
Dec 05, 2023 10:52 JST
DENSO Announces Organizational and Executive Changes
Dec 04, 2023 18:12 JST
All-New Triton Earns Top Rating in 2023 ASEAN NCAP
Dec 04, 2023 17:07 JST
Fujitsu and KDDI Research successfully implement large-capacity multiband wavelength multiplexing transmission with installed optical fiber
Dec 04, 2023 10:34 JST
GC Collaborates with MHI to explore the utilization of hydrogen, ammonia and CCS technology to develop a large-scale petrochemical plant to achieve Net Zero
Dec 01, 2023 17:22 JST
NEC named among IAM's 2023 Asia IP Elite
Dec 01, 2023 14:50 JST
Eisai's Sales Subsidiary Collaborates with Ministry of Public Health (MOPH) in Thailand
Nov 30, 2023 16:25 JST
Boosting Growth Investment to Power Mobility Company Transformation Toyota-DENSO Capital Ties Revised
Nov 30, 2023 16:17 JST
Olympus's Net-Zero Targets Approved by SBTi
Nov 30, 2023 11:00 JST
Fujitsu and Macquarie University establish new research lab to accelerate development of human sensing and generative AI technologies
Nov 30, 2023 09:34 JST
NEC X and Entrepreneurs Roundtable Accelerator (ERA) Forge Strategic Partnership to Advance East Coast-based Startups
Nov 29, 2023 18:37 JST
MHI Selected as Core Company for New Research Reactor for JAEA
Nov 29, 2023 18:22 JST
Toyota: Sales, Production, and Export Results for October 2023
Nov 29, 2023 16:17 JST
Toyota Re-introduces the Land Cruiser "70" in Japan
Nov 29, 2023 13:30 JST
Mitsubishi Shipbuilding Holds Christening and Handover Ceremony in Shimonoseki for Demonstration Test Ship for Liquefied CO2 Transport
Nov 28, 2023 17:47 JST
Hitachi awarded Sustainable Markets Initiative 2023 Terra Carta Seal
Nov 28, 2023 17:43 JST
MHI Succeeded Combustion Test of Ammonia Single-Fuel Burners
Nov 28, 2023 16:40 JST
JCB partners with FrenchSys to boost card acceptance across France
Nov 28, 2023 12:00 JST
Toyota Launches IMV 0 in Thailand Providing Mobility to Make People's Lives Better through Customizability
Nov 27, 2023 17:30 JST
MHI and Orica Announce Collaboration to Explore Emissions Reduction Opportunities
Nov 27, 2023 15:29 JST
More Latest Release >>