Hanwha Power Systems Overview
Pro stress-test →Hanwha Power is a global energy equipment and solutions provider leading the era of decarbonization. The company delivers advanced air and gas compressors worldwide with a goal of accelerating the transition to clean energy. As of the first half of 2025, the company has grown into a global enterprise with more than 9,000 units sold worldwide.
Strategic Profile
Pro stress-test →The company brings together two of the industry's strongest providers of engineered solutions for the gas turbine power plant market. As demand for capacity has increased due to factors such as electrification and data center installations, Hanwha Power addresses this need by providing power generation solutions, with expertise in low-carbon power generation using fuels such as hydrogen and ammonia to align with the global trend toward decarbonization.
Competitive Landscape
Pro stress-test →Hanwha Power competes with leading global players in the compressor and energy equipment market. Key competitors include established turbomachinery manufacturers such as GE Power, Siemens Energy, Baker Hughes, and Mitsubishi Power, which offer overlapping compressor and power generation solutions. Hanwha's differentiation centers on proprietary combustor and sCO₂ technology, hydrogen retrofit capabilities, and specialized expertise in LNG and marine applications.
Industry Context
Hanwha Power Systems operates in Gas turbine and compressor equipment manufacturing.
Key facts
Founded: 1977 · Headquarters: Seoul, South Korea