JPMorgan: Global gas turbine orders soar to a record high.

J.P. Morgan stated that the record surge in electric power demand has led to a historic high in global gas turbine orders in the second quarter of this year. Analysts Phil Blumer and others published a research report indicating that the order volume for the quarter was approximately 38 gigawatts, a 29% increase from the first quarter and a 71% jump compared to the same period last year. The United States remains the primary market, accounting for nearly half of the orders. The expansion of data centers and the wave of electrification have driven significant growth in gas turbine orders in recent years. Natural gas is cleaner than coal, and offers greater stability in power supply compared to wind and solar energy. The high levels of industry prosperity have resulted in supply shortages in some regions, particularly in Southeast Asia, where insufficient gas turbine supply is constraining the implementation of planned new installations. Rising demand is driving up costs. Analysts indicate that combined cycle gas turbines delivered in 2031 are projected to cost three times as much as last year's models.