YOKOHAMA, Japan, Aug 8, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems (MHPS) today announced their continued leadership of the global market for gas turbines. Through the 2nd quarter of 2018, MHPS leads the industry with 40% of the total market and has led at the halfway point of a calendar year. In the highly competitive market segment of F-Class and larger, MHPS had 56% market share, mainly due to large orders of their industry leading JAC gas turbine.
The industry continues to embrace MHPS' proven and reliable products as it shifts from older F-Class technology to more efficient and affordable Advanced-Class gas turbine technology. MHPS has the world's largest installed fleet of Advanced-Class gas turbines, leading the industry with a reliability of 99.3% and efficiency greater than 64%.
Industry estimates predict that full-year orders will be about 30 GW in 2018. To date, MHPS has already secured 7.8 GW of orders, meaning they have already captured more than 25% of the expected annual orders with more to come in the second half of the year.
About Mitsubishi Hitachi Power Systems, Ltd.
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), headquartered in Yokohama, Japan, is a joint venture formed in February 2014 by Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in thermal power generation systems and other related businesses. MHPS today ranks among the world's leading suppliers of equipment and services to the power generation market, backed by 100 billion yen in capital and approximately 20,000 employees worldwide. The Company's products include GTCC (gas turbine combined-cycle) and IGCC (integrated coal gasification combined-cycle) power plants, gas/coal/oil-fired (steam) power plants, boilers, generators, gas and steam turbines, geothermal power plants, AQCS (air quality control systems), power plant peripheral equipment, digital solutions and solid-oxide fuel cells (SOFC).
For more information, please visit www.mhps.com.
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Source: Mitsubishi Hitachi Power Systems, Ltd.
Topic: Press release summary
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