Huachuang Securities: Gas turbines are, and domestic suppliers are expected to accelerate the realization of global replacement.

Huachuang Securities has released a research report stating that the construction of AI data centers, the intensifying power supply and demand conflicts, and the upgrading of overseas energy infrastructure are collectively driving gas turbines into a new growth cycle. In the short term, the increase in orders from leading overseas companies is boosting the prosperity of the industry chain; in the long term, domestic suppliers, leveraging manufacturing advantages and technological breakthroughs, are expected to accelerate the realization of global substitution. It is recommended to pay attention to targets in the areas of gas turbine OEMs, complete gas turbines, core components, and HRSG segments.