Nickel Plating for Battery Charger Market to Reach CAGR 23,4% by 2031 Top 10 Company Globally

Nickel plating is widely used in battery charger components and internal battery parts to enhance electrical conductivity, corrosion resistance, welding reliability, and thermal stability. In chargers, nickel-plated steel strips, sheets, and contacts serve as conductive pathways between battery cells and charger circuits. As the market transitions from nickel-metal hydride (NiMH) to lithium-ion technologies in electric vehicles and power tools, high-performance nickel plating remains critical for charger reliability and long lifecycle performance.

In 2024, the global market specifically for nickel plating steel used in battery charger and battery applications reached approximately USD 271 million, based on a volume of around 220-240 million pieces or metric equivalents, with an average selling price (ASP) close to USD 1.20 per strip or USD 290 per ton equivalent. Forecasts anticipate growth at about 23,4% CAGR, reaching USD 1,177 million by 2031. This growth is fueled by accelerating adoption of electric vehicles, renewable energy storage, and proliferation of smart chargers for industrial and consumer use.
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Latest Trends and Technological Developments
In 2025, sector research highlighted rapid advances in nanostructured nickel plating, which significantly improves conductivity and cycle-life in lithium battery applications crucial for charger strip materials. In late 2024, manufacturers in Japan and India began scaling production of glossy nickel-plated strips alongside traditional matte finishes to meet charger OEM demand for improved solderability and cleaner assembly lines.
Asia-Pacific accounts for approximately 45% share of the global nickel-plated steel sheet market for batteries in 202324, consuming around USD 100-110 million worth of materials. Rapid export-driven EV and battery manufacturing in China, Japan, India, and Korea drives high consumption of nickel-plated strips across charger and internal battery components. The region also leads in production of both matte and gloss nickel-plated strip types, with gloss growing fastest in charger use cases.

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Nickel Plating for Battery Charger by Type:
Nickel Pre-Plating

Nickel Post Plating

Nickel Plating for Battery Charger by Application:
Electronics

Renewable Energy

Automoitve

Communication Devices

Others

Global Top 10 Key Companies in the Nickel Plating for Battery Charger Market
Toyo Kohan Shanghai Co.Ltd

Tata Steel Plating

Franz Holz GmbH & Co. KG

Nippon Steel Corporation

Asian Nickel Plating Co., Ltd.

Sumitomo Metal Mining Co., Ltd

TCC Steel

Dattum Alloys

Xiamen Tmax Battery Equipments Limited(厦门天美福机械设备有限公司)

Techmetals, Inc.

Regional Insights
Southeast Asia including Indonesia, Thailand, Malaysia, Vietnam, and the Philippines represents a growing subset region that used roughly 10-12% of total Asia-Pacific volume in 2024, equivalent to about USD 15-20 million in nickel-plated battery strip demand. Charger OEMs and battery pack assemblers are expanding in Vietnam, Thailand, and Malaysia, sourcing strips and sheets regionally while seeking higher gloss plating for automated charger manufacturing. Local plating workshops are emerging to reduce lead time and logistical cost.
Nickel Plating for Battery Charger by Region:
North America
Europe
China
Japan
India
South East Asia

Key challenges include volatile nickel prices, impacting plating costs and ASPs. Supply chain complexity with plated components requires clean room or plating-certified logistics for charger OEMs. Competition from alternative conductive coatings (e.g., copper or tin plating) may pressure entrants. Quality variations in coating thickness and adhesion can lead to charger reliability issues or warranty exposure. Regulatory compliance especially around nickel sulfate wastewater and RoHS limits in Southeast Asia raises operational compliance requirements.
Plating producers should invest in gloss nickel plating lines with tight thickness control and embedding in charger assembly supply chains. Establishing localized plating facilities in ASEAN charger-manufacturing hubs (Vietnam, Thailand, Malaysia) can reduce transit delays. Collaboration agreements with charger OEMs on certification standards and plated strip formatting (pre-cut, fused tabs, etc.) yield lock-in relationships. Innovations in eco-friendly electroless plating (lower waste, reduced chemical usage) may appeal to OEMs pursuing ESG credentials.

Product Models
Nickel plating plays a vital role in the manufacturing of battery charger components, especially for ensuring superior conductivity, corrosion resistance, and extended durability.
Nickel Pre-Plating, where the nickel layer is applied to metal components before assembly. Notable products include:
Hitachi Metals Pre-Nickel Coated Steel Strip: Used for battery connector stamping, offering excellent adhesion and corrosion resistance during assembly.
Nippon Steel & Sumitomo Metal Electrolytic Nickel Strip: Pre-plated steel designed for high-speed terminal stamping in battery chargers.
JFE Steel Pre-Nickel Coated Terminal Foil: Applied in consumer battery contacts for improved solderability and contact life.
Tata Steel Pre-Nickel Plated Sheet for Connectors: Specifically engineered for small charger components and USB terminals.
Aurubis Nickel Plated Bus Bar Material: Offers uniform plating and conductivity for fast-charging bus bars.
Nickel Post-Plating where components are plated after full or partial assembly. Examples include:
Advanced Plating Technologies Post-Nickel Terminal Finish: High-purity electrolytic nickel applied after assembly for wear resistance and solderability.
Techmetals Nickel Post-Plated Heat Sink Shields: Used in battery charger cases to reduce corrosion and heat degradation.
CCT Plating Nickel Flash for Connector Pins: Thin, post-applied nickel coating on pins used in DC battery charging systems.
MacDermid Alpha Nickel Post-Plating Chemistry Line: Offers process solutions for post-plating on battery charger assemblies, especially connectors.
Atotech Post-Plate Bright Nickel Terminal Solution: Provides uniform, decorative, and functional finishes for exposed battery contact surfaces.
The nickel-plated for battery chargers and related components represents a niche yet fast-growing industrial segment: valued at approximately USD 271 million in 2024, projected to reach USD 1,177 million by 2031 at 23,4% CAGR. Asia-Pacific leads in volume and innovation, while Southeast Asia is an emerging sub-region as charger assembly shifts locally. Growth hinges on EV and battery charger demand, material innovation, and regional plating optimization strategies.

Investor Analysis
Nickel plating for battery charger components is a specialist market supporting the battery ecosystem with USD 271 million annual value, growing rapidly 23,4% CAGR alongside EV, energy storage, and portable charger sectors.
Investors may support plating operators expanding gloss plating capacity, regional plating facilities in ASEAN, or technology firms developing more efficient plating chemistries. Strategic equity stakes in players aligning with rising EV charger and battery packs OEM demand can yield upside.
This segment is foundational to battery reliability, performance, and regulatory compliance. Early positioning in regional plating infrastructure unlocks margins, reduces dependency on imports, and aligns with EV supply chain localization. It offers a high-volume, recurring demand stream tied to global electrification and charging infrastructure growth.
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5 Reasons to Buy This Report
Precise sizing and forecast for nickel-plated steel components used in battery chargers through 2031.
Inclusion of ASP and volume data tailored to charger-relevant plating applications.
Regional breakdown revealing Asia-Pacific dominance and Southeast Asias emerging plating hubs.
Insights on plating technology trends and gloss vs matte performance advantages.
Strategic recommendations for supply localization, OEM collaboration, and ESG-driven plating operations.
5 Key Questions Answered
What was the global and regional market size (value, volume, ASP) for nickel-plated steel components used in battery chargers in 2024?
What is the projected market growth and CAGR through 2033, and how does charger-specific plating fit into broader battery strip demand trends?
How do Asia-Pacific and Southeast Asia differ in consumption, plating infrastructure, and charger assembly localization?
What recent plating technology developments (e.g. gloss coatings, nanostructured plating) are transforming charger strip performance?
Who are the key global and regional suppliers, and what strategic positioning are they deploying in charger OEM and battery manufacturer supply chains?
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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