MHPS Continues Global Turbine Leadership
40% Market Share In the First Half Of 2018 Signals A Change In Power
YOKOHAMA, JAPAN – (August 6, 2018) 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.