Japan’s leading air-conditioner manufacturer Fujitsu General Limited has entered into a JV with the Bengaluru based ABS Aircon Engineers. ABS is one of the leading HVAC contracting companies in South India and Fujitsu has acquired majority stake in the company. Fujitsu is a leading Japanese air conditioner maker.
This is one of the key strategic partnerships for Fujitsu General in India on their foray into commercial HVAC solution segment.
Currently, ABS Aircon has strong brand power with residential air conditioners in the air conditioning market in India. At the same time, the company also has been developing commercial air conditioners for small and medium-sized buildings in recent years. ABS possess an extensive track record in office, commercial facilities, hospitals, factories and logistics facilities with a focus on large air conditioning systems such as chillers and air handling units.
Indian AC market is expected to see rapid growth in the coming years; thanks mainly to fast paced urbanisation and growing income of the people. Also, global warming is a good news for AC manufacturers whose sales are increasing partly due to increasing temperature every year. Also, improved power scenario (which is far better than it was a decade ago) and also increased efficiency level of the products offered are the other leading factors influencing the growth.