Mitsubishi Power claims top power market share

Mitsubishi Power’s JAC (J-Series Air-Cooled) gas turbine. (Image: Mitsubishi Power)

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.”