NEW YORK, May 31, 2021 /PRNewswire/ --Â The lead-acid battery market is set to grow by USD 6.33 billion, progressing at a CAGR of almost 3% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio's in-depth market research reports include value chain analysis and validation techniques to help industry leaders improve their business. - Advertisement - Â The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, C&D Technologies Inc., Clarios, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., and Narada Power Source Co. Ltd. are some of the major market participants. Factors such as the growth in demand for industrial applications, the growing investments in the automotive industry, and the increasing focus on renewable energy generation will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.