MHPS Is Global Market Share Leader in 2018 for Heavy Duty Gas Turbines by McCoy Reports

Product name:MHPS Is Global Market Share

2019/02/14 update

Industry:energy

J-Series Reliability and Efficiency Propel Mitsubishi Hitachi Power Systems to Global Leadership

YOKOHAMA, Japan, Feb 13, 2019 - (JCN Newswire) - Mitsubishi Hitachi Power Systems (MHPS) has achieved a major milestone in the global Power Generation sector, securing 2018 market share leadership in global orders for heavy duty gas turbines (100 MW and above). The result is based on data compiled by McCoy Reports, the premier reporting agency in the gas turbine market. This segment is the most closely watched by industry experts because it represents the most advanced technology and drives energy production globally.

MHPS market leadership was driven by the J-Series gas turbine and its industry-leading 64+% efficiency and 99.5% reliability. Globally, MHPS' heavy duty turbines captured 40% global market share. For the largest gas turbines (F-class and larger) MHPS had 49% global market share.

"Being the heavy duty gas turbine leader in this competitive market is validation of both our world-leading turbine technology and of our employees around the world who put our customer first," said Kenji Ando, president and CEO of MHPS. "Twenty years ago, we made a bet that efficient and flexible natural gas power generation, in combination with renewables, would displace more carbon intensive and expensive forms of power generation. We are now seeing that bet play out before our eyes. We have great respect for our competitors, and this makes our accomplishment even more rewarding. I'm proud that more customers are choosing us to provide reliable and efficient power, and I'm looking forward to MHPS continuing to lead a Change in Power."

About Mitsubishi Hitachi Power Systems, Ltd.

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) was formed on February 1 2014, integrating the thermal power generation systems businesses of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. in a quest to further enhance their social response capabilities in all respects. These include the technological strength to create new products of outstanding quality and reliability, the comprehensive strength in engineering to oversee projects in regions across the globe, and finely honed sales and after-sale servicing capabilities. MHPS aims to come out a winner in global competition and achieve a solid position as a world leader in thermal power generation systems and environmental technologies. For more information, please visit www.mhps.com.

Contact:
Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
Email: mediacontact_global@mhi.co.jp
Tel: +81-(0)3-6275-6278
Copyright 2019 JCN Newswire. All rights reserved. www.jcnnewswire.com

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