ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
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 ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Yachiyo Engineering and NEC launch adaptation finance study in Indonesia to calculate the adaptation value of disaster prevention measures
Jul 04, 2025 13:25 JST
Fujitsu to implement store monitoring solution for METRO Inc. in Canada, enhancing operational efficiency and policy compliance
Jul 04, 2025 13:19 JST
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
Jul 03, 2025 11:14 JST
Mitsubishi Motors Launches the All-New Grandis for the European Market
Jul 02, 2025 12:10 JST
Valuufy partners with Mainichi Future Creation Lab, Supporting New Approaches to Business Sustainability
Jul 02, 2025 12:00 JST
Fujitsu launches solution to enhance customers' global supply chain resilience
Jul 02, 2025 11:32 JST
MHI Receives Order to Supply Four Circulating Water Pumps for Units 5 and 6 of Sanmen Nuclear Power Plant in China Under Collaboration with Dongfang Electric Machinery
Jul 02, 2025 11:30 JST
Multi-purpose Arena in Odaiba Aomi Area TOYOTA ARENA TOKYO Construction Completed
Jul 01, 2025 22:56 JST
1Finity, a Fujitsu company, commences operations and reveals brand identity
Jul 01, 2025 22:53 JST
MHI Thermal Systems Begins Field Test of Jointly Developed "Surplus Renewable Energy Absorption and Release System"
Jul 01, 2025 22:40 JST
Japan's Telecommunications Carriers Strengthen Disaster Response Through Collaborative Information Sharing
Jul 01, 2025 22:30 JST
JCB and Mandai Wildlife Group Deepen Partnership with exclusive discounts for JCB cardmembers
Jul 01, 2025 16:00 JST
Fujitsu provides Japan's first AI-powered cloud-based library search service
Jul 01, 2025 11:30 JST
JCB Brings Apple Pay to Cardmembers in Vietnam
Jul 01, 2025 11:15 JST
First Shipment of LNG from the LNG Canada Project
Jul 01, 2025 11:00 JST
Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
Jun 30, 2025 20:30 JST
Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
Jun 30, 2025 20:15 JST
Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
Jun 30, 2025 20:10 JST
Six Companies Establish BlueRebirth Council to Expand Use of Recycled Materials in New Vehicles
Jun 30, 2025 19:25 JST
Honda Changes Plan to Build New Production Plant for Next-generation Fuel Cell Module in Japan
Jun 30, 2025 19:20 JST
More Latest Release >>
Related Release
Mitsubishi Power Receives Order for Facility Retrofit at the Darajat Geothermal Power Plant in Indonesia
10/28/2024 3:35:00 PM JST
Mitsubishi Power Completes Construction of 50MW Woody Biomass-fired Power Plant in Hyuga, Miyazaki Prefecture
10/16/2024 8:07:00 PM JST
Mitsubishi Power Underscores Progress to Fastrack Hydrogen Ecosystem Development at COP28
12/13/2023 5:26:00 PM JST
Alba marks important milestone in PS5 Block 4 Project with the arrival of Mitsubishi Power M701JAC Gas Turbine
10/25/2023 3:16:00 PM JST
Alba Chairman visits Mitsubishi Heavy Industries facilities in Japan
7/4/2023 12:12:00 PM JST
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2022 According to McCoy Power Report
3/9/2023 1:40:00 PM JST
Origis Energy and Mitsubishi Power to Bring Battery Energy Storage Projects to the Southeast United States
12/21/2022 11:04:00 AM JST
Mitsubishi Power, Government and Industry Leaders Discuss Energy Security and Transition at 2022 Gas Turbine Technical Seminar in Bangladesh
12/13/2022 7:09:00 PM JST
Mitsubishi Power Receives 55MW Geothermal Power Plant Order from Pertamina
12/5/2022 3:26:00 PM JST
Mitsubishi Power to Upgrade Two Gas Turbines at Tuas Power to Achieve 16.9 kilo-tonnes of Carbon Emissions Reduction Annually
11/30/2022 2:55:00 PM JST
More Press release >>