机械设备行业点评报告：全球AI数据中心扩张带动发电需求提升，看好供应链里中国设备商潜在受益机会

Investment Rating - The industry investment rating is maintained at "Overweight" [9] Core Viewpoints - The demand for electricity is expected to increase due to the explosion of AI computing power, with the gas turbine power generation industry chain likely to benefit significantly [1][9] - In the U.S. market, gas turbines are the primary power supply, and there are potential benefits for Chinese equipment manufacturers within the supply chain [2][10] - In the Chinese market, diesel engines and gas turbines serve as backup power sources, with opportunities for domestic replacements driven by the growth in computing power demand [3][10] Summary by Sections U.S. Market Insights - The U.S. is the largest AI computing market, with significant future growth potential. Gas turbines are generally the main power supply for data centers due to the inadequacy of the electrical grid [10] Chinese Market Insights - China has a well-established electrical grid, allowing data centers to rely on grid power, with diesel engines and gas turbines as backup. The current market is dominated by foreign companies, but there are opportunities for domestic replacements due to limited foreign capacity [10] Investment Recommendations - It is recommended to focus on companies such as Jerry Holdings, which is integrating gas turbine generator sets for the North American market, and parts suppliers like Yingliu and Liande, as well as domestic replacement suppliers like Weichai Heavy Machinery [3][10]