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Centrifuges drive rapid development of chiller products | 2021 Half-Year Report

2021-10-27View Original

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After experiencing the impact of the pandemic on the project market, centrifuge products, as the most dynamic category of chillers at present, seized the lead in terms of development in 2021, achieving a remarkable growth rate of over 30%. The reasons behind these results are clearly diverse; let’s start with the favorable external factors. The growing demand driven by the rapid increase in the number of projects in the industrial and commercial markets provides numerous targeted opportunities for centrifuges. Moreover, under the \"dual carbon\" policy, the requirements for energy efficiency in buildings further enhance the energy-saving advantages of centrifuges, especially those of magnetic suspension type. Of course, amid the cost pressures caused by rising raw material prices and the slowdown in project progress due to the pandemic in 2020, efforts to accelerate project completion continued throughout the first half of 2021. Sectors such as biotechnology, new materials, pharmaceuticals, chips, new energy, and automobile manufacturing have seen continuous development in recent years. Since 2021, a large number of industrial projects have been launched and put into operation, which has significantly accelerated the delivery of large-scale chiller products, with centrifuges being a representative example. At the same time, **investment has driven the market forward, particularly in the construction of infrastructure such as data centers and rail transit. Along with the rapid urban development, there has been investment in energy-saving upgrades for commercial real estate, hospitals and other civilian facilities, as well as certain public building projects, which has lifted the central air conditioning industry, a major energy consumer, to a new level. In recent years, the use of magnetic suspension centrifuges in rail transit, energy-saving upgrades, and high-efficiency data centers has been on the rise, and all these factors are directly driving the development of this product – which is undoubtedly good news for companies that own such products. At the same time, with the iterative improvement of domestically developed magnetic levitation compressors and their eventual deployment in practical use, coupled with the increasing energy efficiency of variable-frequency screw compressors which is narrowing the gap between them and magnetic levitation centrifuges, competition in the magnetic levitation market is bound to become even more intense in the future. ​​​

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