Mitsubishi Hitachi Power Systems, Ltd. (MHPS) achieved top market share for flue gas desulfurization (FGD) systems in 2018, securing 61.5% of the global market.* According to a leading market research report, for the past five-year period, MHPS has obtained the worlds 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 worlds 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.
MHPS President and CEO, Ken Kawai commented, 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.
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.
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
Note * 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.
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 worlds 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 Companys 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 and solid-oxide fuel cells (SOFC). For more information, please visit the Company’s website at https://www.mhps.com
Mitsubishi Hitachi Power Systems, Ltd.