AI热潮带火燃气轮机产业链

Group 1 - The gas turbine industry is entering a new high prosperity cycle driven by AI computing power demand, with Siemens Energy reporting new orders of €18.2 billion in gas services, a 42% year-on-year increase, and 86 new gas turbine orders in Q3, up 231% year-on-year [1] - Due to severe order backlogs, delivery times for major companies like Siemens Energy and GE Vernova have extended to 5-7 years, leading to significant price increases for equipment [1] - The construction of AI data centers is generating substantial electricity demand, requiring reliable and stable power sources, making gas turbines an optimal solution due to their stable power output and low resource requirements [1] Group 2 - Major companies are expanding production capacity in response to market demand, with Siemens Energy starting construction of its first gas turbine assembly base in Hainan, set to be operational by 2027, and GE Vernova accelerating its gas turbine production target to 20 GW by mid-2026 [2] - The demand for gas turbines is expected to exhibit a "stair-step persistent" characteristic, maintaining strong growth for at least the next decade, with potential fluctuations due to technological innovations [2] - The market's robust demand is rapidly transmitting along the supply chain, with companies like Guizhou Hangyu Technology and Shandong Haomai Mechanical Technology reporting increased orders and full production lines [3] Group 3 - The growth in orders and rising prices are directly enhancing the revenue and profit levels of related companies, with those possessing high-end manufacturing capabilities and technological advantages expected to gain more market share and influence within the industry [4]