Middle East Crises Set Gas Turbine Market On Growth Trajectory

Experts have said that global gas turbine market is witnessing a boom as the Iran war has become an additional driver of demand, Siemens Energy executives said.
 
Due to the Middle East tensions manufacturers are already flooded with orders due to the massive data centre expansion in the United States.
 
Along with rivals GE Vernova and Mitsubishi Heavy Industries, Siemens Energy has seen demand for gas turbines soar as so-called hyperscalers invest more than $700 billion in energy-hungry artificial intelligence, in turn driving demand for new energy capacity.
 
This trend, which has boosted the firms’ share prices in recent years, is now being supported by Middle East governm...