Chan Ye Xin Xi Wang·2026-02-25 01:26Core Viewpoint - The magnetic levitation centrifugal compressor industry in China is experiencing significant growth driven by high-end demands from AI data centers, with a projected market size of approximately 5.041 billion yuan in 2024, representing a year-on-year increase of 31.83% [6][7]. Industry Overview - Magnetic levitation centrifugal compressors integrate magnetic bearing technology and centrifugal compression principles, featuring components such as a two-stage compression section, variable frequency control, and magnetic bearings, allowing for high-speed rotation without mechanical contact [1][4]. - The key advantages of magnetic levitation compressors include higher efficiency (COP reaching 8.0-11.0), lower noise, and reduced maintenance costs compared to traditional centrifugal compressors, which rely on mechanical bearings and oil systems [4]. Industry Chain - The upstream of the industry chain includes components like magnetic bearings, high-speed permanent magnet synchronous motors, and precision sensors, while the downstream applications span data centers, chemicals, pharmaceuticals, and food processing [5]. - By the end of 2024, the number of standard racks in use across China is expected to exceed 9 million, with a computing power scale of 280 EFLOPS, highlighting the growing demand for efficient cooling solutions in data centers [5]. Market Size - The magnetic levitation centrifugal compressor market in China is projected to reach approximately 5.041 billion yuan in 2024, marking a significant growth trajectory with a year-on-year increase of 31.83% [6][7]. Key Companies' Performance - Hanbell Precise Machinery's centrifugal compressor series includes the RTM series, which features a cooling capacity of 125-700 RT and incorporates variable frequency technology for enhanced efficiency. However, the company's revenue for the first three quarters of 2025 is reported at 2.265 billion yuan, a decrease of 20.70% year-on-year [8]. - Xinglei Compressor Co., Ltd. reported a revenue of 583 million yuan for the first three quarters of 2025, down 11.72% year-on-year, while its net profit increased by 963.10% to 379 million yuan [10]. Industry Development Trends 1. The demand for data centers is experiencing explosive growth, particularly driven by AI data centers, which are becoming the core engine for industry growth. The power requirements for single cabinets are increasing significantly, necessitating advanced cooling solutions [11]. 2. The process of domestic substitution is accelerating, with leading domestic companies like Hanbell Precise Machinery making substantial advancements in core components, allowing them to compete effectively with international brands [11]. 3. The application scenarios for magnetic levitation centrifugal compressors are diversifying, expanding beyond data centers to traditional industrial sectors such as pharmaceuticals and textiles, driven by the need for energy efficiency and reliability [12][13].