电动汽车充电市场展望报告（英文版）--普华永道.pdf

EV Charging Market Outlook A quest for profitable growth in the fast growing, yet highly competitive, EV charging market Strategy a hardware only play will no longer work needs strong SW/integration On the other hand combinations of revenue pools into end-to-end solution providers or operator and owner plays Strategy 2 Revenue pool for electricity not included in graph EUR 4bn in 2021 and EUR 120bn in 2035, this revenue pool will become increasingly addressable through the adoption of BiDi and taking trading and hedging positions Source Strategy Corporate and M All General Debt; Locations United States; Europe; Asia East Asia China; Middle East Israel; Search HQ Only; Emerging Spaces Energy Electric Vehicle Charging Infrastructure; Keywords electric vehicle charging; ev charging; public charging infrastructure; vehicle charging; charging software; charging solutions; charging infrastructure; Search Emerging Spaces OR Keywords; Strategy Corporate and MA, PE Growth/expansion Debt Debt Refinancing, Repayment, Convertible Debt Source PitchBook, Strategy analysis Types of financing split on locations EV Charging Market Outlook 29 69 74 68 63 53 52 6 19 16 20 23 35 38 6 36 4 2012- 2017 24 4 2018 24 2019 4 4 2020 8 2 2 2021 5 4 1 2022 190 96 99 109 173 171 16 77 76 81 72 65 69 14 14 1614 10 7 14 23 5 4 2012- 2017 3 7 2018 61 1 2019 5 2020 2 4 2021 33 3 2022 210 58 70 76 140 118 19 70 76 85 64 97 76 10 10 8 21 116 8 712 7 112 2012- 2017 5 5 5 2018 2019 2020 3 2021 3 2022 50 21 13 14 38 37 15 Early stage Public equity JV MA Debt The European market is the most mature and sees the most MA deals, which is mainly driven by financial investors The US market is not as mature within EV charging, however, there is a high level of financial activity The Asian market is lagging in terms of quantity of deals, but experience the same growth as Europe and the US 326 Europe incl. UK Israel Americas US Asia China Strategy Out of 300 tracked MA deals, financial sponsors account for 40 with inter-sector players 20 and Utility and OG 17 Source PitchBook, Strategy analysis 2012-2022 – MA transactions by buyer and target type ways to play 30 0 20 40 60 80 100 16 Utility 17 20 8 11 17 29 8 Automotive 9 31 9 2 23 24 OG 18 36 8 21 16 PE/Investment companies 7 5 7 8 7 16 21 49 38 22 Infrastructure fundsCharging industry player 44 13 8 3 13 50 21 12 6 19 8 Other 69 14 35 12 83 37 48 68 6 20 4 3 2012-2022 Early stage Public equity JV MA Debt 1,683 Total of deals MA deals by business models allocated to investor types Smart charge point provider Installer and maintenance Value adding service provider CPO and owner Charging solution provider Charge point management software Key deal rationale per investor types EV Charging Market Outlook Charging industry player Geographical expansion and scale of operations Strengthened solution capability higher vertical integration A OG CPO and owner deals asset ownership Software to optimize operation of its charging network B Utility Solution capability Energy mgmt. value add e.g. grid integration with advanced metering and balancing C Auto- motive Investing in hardware to enable roll- out of charge points and improve accessibility Software for a seamless charging experience D PE/ asset mgmt. companies Invest broadly across hardware, software and services Generally increasing investment appetite E1 Infra- structure funds Focus on CPOs owner e.g. asset ownership deals Strong recent increase in investments E2 A B C D E1 E2 2.6 0.50.1 1.3 0.61.2 2.0 Total deal size ’12-’22 EURbn Colour highlight for segments with higher than market average share of MA