Global orders for gas turbines have hit a record high as demand for power generation surges, according to JP Morgan. New gas turbine orders in the second quarter stood at 38 GW, which was 29% higher than orders in the first quarter of the year, the bank said, as quoted by Bloomberg. The United States accounted for half of these new turbine orders, the bank said, as demand for electricity surges with the proliferation of data centers. This has led to shortages and long wait times as gas turbine manufacturers don’t hold inventory of the machinery. In the same report, Wood Mac said that at the end of 2025 global gas turbine orders stood at 110 GW, while global manufacturing capacity was only between 60 and 70 GW.