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Guojin Securities highlights that the rapid expansion of global AI data centers has fueled the surge in demand within the gas turbine industry. Since 2023, both domestic and international gas turbine manufacturers, as well as parts suppliers, have witnessed a remarkable surge in orders and revenues. Currently, the global gas turbine market is predominantly dominated by overseas giants such as Mitsubishi Heavy Industries, Siemens, and GE, leaving ample room for Chinese gas turbine enterprises to enhance their market share. Over the past decade, China's gas-fired power generation has consistently increased its share of total power generation. Looking ahead, as the localization process of gas turbines continues to make strides, leading enterprises across the industry chain are poised to reap significant benefits.
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