Mitsubishi Power - Photo from Mitsubishi Power
Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), successfully captured the top market share by megawatts in 2023 with a global gas turbine market share of 36% according to McCoy Power Reports data.
The company has also secured a 56% market share in the Advanced Class gas turbine market, led by Mitsubishi Power’s latest model JAC (J-Series Air-Cooled) gas turbines. This is the second consecutive year for Mitsubishi Power to achieve the top global market share for gas turbines, following 2022.
Toshiyuki Hashi, Executive Vice President, President and CEO, Energy Systems of MHI, says: “MHI Group will continue to collaborate with partners around the world on decarbonization solutions, such as the development and commercialization of hydrogen and ammonia-fired gas turbines, as we actively strive towards achieving carbon neutrality on a global scale.”
The company’s high market share is the result of the company’s strong project execution track record, high performance, and product reliability.
It has extensive experience with large-frame gas turbines, including the F, G and J-class. The J-class (including the JAC model) has surpassed 2.3 million actual operating hours (AOH). Orders are also increasing worldwide, with cumulative orders recently surpassing 120 units.
Read More Business News
KPJ Healthcare is advancing its health system by expanding the use of artificial intelligence in…
Malaysia’s total trade reached RM3.1 trillion in 2025, with Penang emerging as the top exporting…
Petronas is set to explore what is believed to be the world’s second largest gas…
Trip.com Group and Visa have formed a strategic partnership to deliver personalized travel experiences, seamless…
Royalton and Kinara Energy have formalized a Sabah partnership to expand corrosion protection services, strengthen…
Eight people are feared dead after a U.S. Air Force B-52 bomber crashed shortly after…
This website uses cookies.
