CITIC Securities published a research report stating that power shortages remain the main theme for the whole year, and maintains a positive outlook on the gas turbine industry chain.

According to estimates from CSC Financial, by 2028, North American AI-driven electricity demand will exceed 70 GW. Taking into account stable gas turbine demand of around 60 GW in other sectors, while global gas turbine supply is expected to be about 90 GW at that time, there will be a significant shortfall. As a result, production schedules for the gas turbine industry chain are expected to extend beyond 2030, and price increases are inevitable. Spillover demand, such as from aviation and maritime fuel conversions, also requires close attention.