Middle East gas-fired capacity poised to reach 530 GW by 2035: S&P
Planned gas-fired generation additions would increase future demand for natural gas and related equipment across the Middle East.
Source →The trace
How it reaches your house.
Starting from GE Vernova (Gas Power), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
GE Vernova (Gas Power) →Stands to benefitArcosa, Inc.ACA
Arcosa disclosed that GE Vernova accounted for 12.2% of its 2025 consolidated revenues, so stronger GE Vernova gas-power demand should flow through to Arcosa sales.
98% confidenceSiemens Energy AG →Stands to benefitNatural gas compressor stations & engines
More Middle East gas-fired buildout should lift demand for gas compression equipment, and Siemens Energy's 20% share with low substitutability and a 28-month replacement lead time suggests a material benefit.
72% confidenceSiemens Energy AG →Stands to benefitHop 2
Large Power Transformers (LPTs) & Generator Step-Up Units →Stands to benefitHyundai Electric & Energy Systems267260.KS
The Middle East buildout should lift orders for LPTs and GSU units, and Hyundai Electric's 25% supplied share plus 24-month replacement lead time makes it a clear beneficiary.
85% confidenceNatural gas compressor stations & engines →Stands to benefitCaterpillar Energy & Transportation (Parent)CAT
Caterpillar's parent node carries substantial exposure to this compressor/engine category, so the demand tailwind should lift this business line.
83% confidenceHigh-Voltage Transformer Bushing (EHV) →Stands to benefitHop 3
Caterpillar Energy & Transportation (Parent) →Prices riseNatural gas compressor stations & engines
The event directly lifts demand for this equipment category, and Caterpillar's 40% share makes the resulting price pressure material.
86% confidenceSolar Turbines (Caterpillar) →Prices riseNatural gas compressor stations & engines
Middle East gas-fired buildout raises demand for this equipment category, and Solar Turbines' 30% market share plus low substitutability and 24-month replacement lead time imply tighter pricing.
79% confidenceCaterpillar Energy & Transportation (Parent) →Stands to benefit
Where it lands
What you buy, and what you own.
Goods you buy
Electric grid transformers
Companies you may own
ACA267260.KSCATNGK Insulators, Ltd.Hitachi Energy Ltd. (formerly ABB Power Grids)Solar Turbines (Caterpillar)500093.BOBaker Hughes CompanyENR.DETrench GroupETNAriel CorporationSPX Transformer SolutionsBaker Hughes Company (Turbomachinery & Process Solutions)Maschinenfabrik Reinhausen GmbH (MR)Huaming Power Equipment Co., Ltd.RBCBKR
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