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- Market Research from the McCoy Power Report -
- Majority market share, with a record 61.5% of the global market
- Contributing to a significant reduce in air pollutants, and improvement in the global environment |
YOKOHAMA, Japan, Apr 10, 2019 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has achieved top market share for flue gas desulfurization (FGD) systems in 2018, securing 61.5% of the global market.(1)
 | | FGD systems for Kozienice Power Plant (Poland) |
According to a leading market research report, for the past five-year period, MHPS has obtained the world's leading market share at 40%, for facilities with a combined 41,500 MW of output.
MHPS has consolidated the environmental technologies for thermal power plants that were developed and accumulated by Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd., giving it the capacity to offer an integrated Air Quality Control System (AQCS) comprising FGD, denitrification, and dust collection systems. This centralization has established a foundation for MHPS as the world's only manufacturer able to independently offer proposals and provide these systems. Our world-leading technologies greatly reduce air pollutants such as sulfur oxide (SOx), nitrogen oxide (NOx), and particulate matters, helping to significantly improve the global environment.
MHPS has delivered more than 300 FGD systems to the global market. We have expanded the business by providing technologies and guidance in countries and regions where demand for advanced AQCS has risen aside economic development, and by applying these technologies in joint development projects with Mitsubishi Shipbuilding Co., Ltd. for desulfurization equipment for ships.
"I am proud that MHPS retained its top position in the market for 100 MW and above gas turbines during 2018, and was also able to expand its lead in FGD systems to gain a majority market share. We will continue to accurately assess customer needs and refine our technologies, to continue leading the industry in providing environmentally-friendly, comprehensive technologies," said MHPS President and CEO, Ken Kawai.
Encouraged by the strong support it has received from customers that has led to gaining such a large market share, MHPS will further focus its efforts on the widespread use of gas turbines and AQCS around the world, provide the energy security that is essential to economic development, promote the switch to low-carbon energy, and contribute to the preservation of the global environment.
FGD systems installed in thermal power generation facilities with output of 5MW and above, based on figures for technology owners (including operators provided with technology) in the McCoy Power Report, a U.S. market research firm offering detailed analysis on the global power generation business.
Contact:
Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
Email: mediacontact_global@mhi.co.jp
Tel: +81-(0)3-6275-6278
Topic: Press release summary
Source: Mitsubishi Power
Sectors: Energy, Alternatives
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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