Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2023
- Cumulative orders for J-class gas turbines surpassed 120 units, contributing to the company's top market share
- - Cumulative orders for J-class gas turbines surpassed 120 units, contributing to the company's top market share
TOKYO, Mar 15, 2024 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), captured the top market share by megawatts in 2023 with a global gas turbine market share of 36% according to McCoy Power Reports data. - (1) The company has also secured a 56% market share in the Advanced Class(2) 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.
- In the heavy-duty gas turbine market, which is the most popular segment for Gas Turbine Combined Cycle (GTCC) power plants, the JAC is the world's leading gas turbine with an efficiency greater than 64%.