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 per cent according to McCoy Power Reports data.

The company has also secured 49 per cent 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 one of the most advanced turbines in the market, contributing towards reducing air pollution, but still be able to ensure proper electricity production which is essential to overall global economic development, especially when Viet Nam and many nations in the world are accelerating the transition to clean energy.

Mitsubishi Power's high market share results are 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 per cent. 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 per cent in terms of output, and contributing to the high market share.

Another feature contributing to Mitsubishi Power’s leading global status is that all its heavy-duty gas turbines are now equipped with hydrogen co-firing capability for even deeper decarbonisation. The gas turbines are capable of operating on a mixture of up to 30 per cent hydrogen and 70 per cent natural gas, which can be increased to 100 per cent hydrogen in the future.

Toshiyuki Hashi, MHI Senior Executive Fellow and Head of Energy Transition & Power Headquarters of Energy Systems said: “Mitsubishi Power continues to be recognised as both a market and industry leader, receiving top global market share in heavy duty gas turbines. We are eager to continue working with our customers and partners worldwide to drive a realistic energy transition toward carbon neutrality.”— VNS