Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), captured the top market share by megawatts in 2022 with a global gas turbine market share of 33% according to McCoy Power Reports data.
The company has also secured 49% market share in the Advanced Class*2 gas turbine market, led by Mitsubishi Power’s latest model JAC (J-Series Air-Cooled) gas turbines.
Mitsubishi Power's high market share results is attributed to its 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 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. 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.