Demand is fueled by AI data center construction, electrification of industry and transport, and the need for reliable backup generation. Customers are booking capacity in advance, with OEMs introducing slot reservations, prepayments and price escalation clauses.
Manufacturers are expanding capacity, but analysts warn that supply chain bottlenecks, primarily castings, hot gas path blades and large forgings, will keep the market tight at least until 2028-2029. Lead times for heavy-duty machines already far exceed the usual figures of previous years.
For power plant operators and industrial companies this means planning equipment and spare parts procurement with a longer horizon, and lining up alternative supply and service channels in advance.
Source: Utility Dive, Natural Gas Intelligence
