Accurate localization of a display device is essential for AR in large-scale environments. Visual-based localization is the most commonly used solution, but poses privacy risks, suffers from robustness issues and consumes high power. Wireless signal-based localization is a potential visual-free solution, but its accuracy is not enough for AR. In this paper, we present MagLoc-AR, a novel visual-free localization solution that achieves sufficient accuracy for some AR applications (e.g. AR navigation) in large-scale indoor environments. We exploit the location-dependent magnetic field interference that is ubiquitous indoors as a localization signal. Our method requires only a consumer-grade 9-axis IMU, with the gyroscope and acceleration measurements used to recover the motion trajectory, and the magnetic measurements used to register the trajectory to the global map. To meet the accuracy requirement of AR, we propose a mapping method to reconstruct a globally consistent magnetic field of the environment, and a localization method fusing the biased magnetic measurements with the network-predicted motion to improve localization accuracy. In addition, we provide the first dataset for both visual-based and geomagnetic-based localization in large-scale indoor environments. Evaluations on the dataset demonstrate that our proposed method is sufficiently accurate for AR navigation and has advantages over the visual-based methods in terms of power consumption and robustness. Project page: https://github.com/zju3dv/MagLoc-AR/.