Core Viewpoint - The report from Guojin Securities highlights the increasing demand for cooling solutions in data centers due to the expansion of AIDC and the rising power density of cabinets, with a focus on the potential growth of the magnetic levitation refrigeration compressor market driven by ongoing AI computing investments [1][2]. Group 1: AIDC and Cooling Demand - The power density of AIDC cabinets has significantly increased, with current single cabinet power consumption rising from 2-8 kW to 20-50 kW, and potentially exceeding 100 kW in the future [2]. - Efficient cooling is critical to prevent overheating of chips, which can lead to performance degradation and reduced reliability of equipment [2]. - The continuous expansion of the global AIDC scale is expected to accelerate the demand for cooling solutions [2]. Group 2: Magnetic Levitation Refrigeration Compressors - Magnetic levitation compressors are superior in performance, with a 42% improvement in IPLV and a 30% reduction in motor power consumption compared to screw compressors, leading to a potential PUE reduction to 1.2 [3]. - The global investment in AIDC is expected to drive the market for magnetic levitation refrigeration compressors, with companies like Danfoss projecting a threefold growth in their data center-related business in China by 2024, and a 50% growth forecast for 2025 [3]. Group 3: Competitive Landscape - The global market for magnetic levitation refrigeration compressors is highly concentrated, with significant technological barriers to entry, making it challenging for new entrants [4]. - Danfoss leads the market with over 160,000 units shipped, holding a 70% global market share, while domestic companies like Hanzhong Precision Machinery are making strides in technology and market presence [4][5]. - Hanzhong Precision Machinery has established a strong partnership with Dongyuan Electric, enhancing its capabilities in providing modular data center solutions [5].