Core Viewpoint - The report from Huatai Securities indicates that multiple factors, including a shift in energy policies post-overseas elections, the transition from oil to gas in the Middle East, and the demand for AI power, are driving the continued upward trend in the global gas turbine market [1] Group 1 - The global gas turbine market is expected to see both volume and price increases, particularly in overseas markets [1] - The positive outlook for gas turbine main engine manufacturers is anticipated to create export opportunities for domestic companies producing components such as hot-end blades and cold-end casings [1]

Core Viewpoint - The latest report from Huatai Securities indicates a significant increase in global gas turbine orders, driven by various factors including changes in energy policies, a shift from oil to gas in the Middle East, and rising AI power demand [1] Group 1: Market Trends - According to McCoy statistics, global gas turbine new orders are expected to grow by 36% year-on-year to 20 GW in Q1 2025 [1] - The energy policy shift following overseas elections is contributing to the positive outlook for gas turbines [1] Group 2: Industry Implications - The recent power outage in Spain in early May may prompt a reevaluation of the flexibility and adequacy of synchronous units in the power structure [1] - The increase in overseas gas turbine main engine orders is anticipated to boost both quantity and price, benefiting domestic manufacturers of hot-end blades and cold-end casings through export opportunities [1]