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Case study: Rechargeable Batteries – Market Sizing Study – Singapore

The challenge

The client is a global Fortune 500 company that specialized in consumer electronics ranging from projectors and digital cameras to consumer batteries. It wanted to increase its market share in Singapore and convert primary battery users to rechargeable battery users. Spire was engaged to gather information on various customer segments that used consumer batteries and assist the client in understanding their motivation for doing so.

The objectives of the study were to develop a study that enumerated the market size for consumer batteries in Singapore, analyze competitors’ share between primary and rechargeable batteries, as well as identify customer segments that were addressable by the client.

The process
Spire conducted interviews with retailers that sold consumer batteries, as well as with consumers that used primary and/or rechargeable batteries. An analysis of secondary data on consumers’ usage patterns of batteries was provided as well.

The results

The client used the report to evaluate market demand for rechargeable batteries and develop marketing plans targeted at specific customer segments.

Project deliverables included a country-specific report that addressed:

Current and forecasted market size for rechargeable batteries in Singapore, as well as the country’s market outlook
Market share breakdown between primary and rechargeable batteries, as well as competitors’ share
Customer segments that exist which were addressable by the client

 

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