PUBLISHER: The Business Research Company | PRODUCT CODE: 1769942
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769942
Electric hybrid ferries are vessels that combine battery-powered electric propulsion with traditional fuel-based engines. They allow for reduced emissions and enhanced fuel efficiency by switching between or using both power sources simultaneously. Electric hybrid ferries promote sustainable and environmentally friendly maritime transportation.
The primary propulsion types of electric hybrid ferries include diesel-electric, plug-in hybrid electric, hydrogen fuel cell-electric, solar-electric, and other propulsion systems. Diesel-electric systems involve a diesel engine generating electricity to power electric motors that drive the vessel's propellers. The ferry ranges are categorized as short-range ferries (less than 50 nautical miles), medium-range ferries (50 to 100 nautical miles), long-range ferries (over 100 nautical miles), island-hopping ferries, and other range classifications. The energy management systems include shore power systems, automated power management, battery management systems, energy recovery systems, smart grid integration, renewable energy systems, and other energy management technologies. Vessel sizes vary as small ferries (under 50 meters in length), medium ferries (50 to 100 meters), large ferries (100 to 150 meters), extra-large ferries (over 150 meters), and other sizes. Key applications encompass passenger ferries, ropax vessels (roll-on/roll-off passenger), car ferries, cargo ferries, specialty transport ferries, tourist ferries, and other uses.
The electric hybrid ferries market research report is one of a series of new reports from The Business Research Company that provides electric hybrid ferries market statistics, including the electric hybrid ferries industry global market size, regional shares, competitors with the electric hybrid ferries market share, detailed electric hybrid ferries market segments, market trends, and opportunities, and any further data you may need to thrive in the electric hybrid ferries industry. This electric hybrid ferries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electric hybrid ferries market size has grown rapidly in recent years. It will grow from $4.13 billion in 2024 to $4.67 billion in 2025 at a compound annual growth rate (CAGR) of 13.1%. The growth during the historic period can be attributed to rising environmental concerns, increasing fuel prices, stricter government regulations on emissions, growing demand for sustainable transportation, and heightened investment in green maritime technologies.
The electric hybrid ferries market size is expected to see rapid growth in the next few years. It will grow to $7.54 billion in 2029 at a compound annual growth rate (CAGR) of 12.7%. The growth projected for the forecast period is driven by the increasing adoption of renewable energy sources, expanding government incentives for clean marine transport, technological advancements in battery systems, growth in the maritime tourism industry, and a stronger focus on lowering operational costs. Key trends in the forecast period include improvements in battery energy storage systems, integration of advanced propulsion technologies, innovations in hybrid-electric vessel design, development of fast-charging infrastructure, and the adoption of advanced automation and control systems.
The growing demand for sustainable public transportation is expected to drive the expansion of the electric hybrid ferries market in the future. Sustainable public transportation refers to eco-friendly transit systems that minimize environmental impact while efficiently moving people. This rising demand is fueled by environmental concerns and the need to lower carbon emissions while promoting efficient urban mobility. Electric hybrid ferries reduce emissions, noise, and fuel consumption by combining electric and diesel power. They help improve air quality, support the use of renewable energy, and encourage cleaner, more sustainable public transport, especially in urban and coastal regions. For example, in December 2022, Traffic Technology International, a UK-based online news platform, reported that over half of the UK population planned to increase their use of sustainable transport in 2023, with 37% favoring public transit and 14% choosing shared mobility services. Thus, the rising demand for sustainable public transportation is propelling the growth of the electric hybrid ferries market.
Leading companies in the electric hybrid ferries market are concentrating on developing innovative technologies, such as hybrid-electric passenger ferries, to cut carbon emissions, boost fuel efficiency, comply with stricter environmental regulations, and meet the growing demand for sustainable maritime transport solutions. Hybrid-electric passenger ferries are vessels designed to carry people and powered by a combination of electric batteries and conventional fuel engines, usually diesel. For instance, in January 2025, Derecktor, a US-based shipbuilder, launched two hybrid-electric ferries, Juliette Gordon Low II and Susie King Taylor II, for Chatham Area Transit (CAT) in Savannah. These vessels incorporate advanced propulsion systems that combine diesel generators with lithium-ion batteries to provide cleaner and more efficient operation. This hybrid configuration optimizes fuel use, significantly lowering greenhouse gas emissions and reducing noise pollution. Furthermore, the integration of waterjet propulsion enhances maneuverability and performance, making these ferries well-suited for short urban transit routes while supporting sustainable and eco-friendly maritime transportation.
In April 2024, Yamaha Motor, a Japan-based manufacturer involved in land mobility, marine, robotics, and financial services, acquired Torqeedo for $17 billion. The acquisition aims to strengthen Yamaha's position in the electric propulsion market by incorporating Torqeedo's advanced electric marine technology, accelerating innovation in sustainable boating solutions, and expanding its global presence in eco-friendly marine mobility. Torqeedo is a Germany-based company specializing in electric and hybrid marine propulsion systems.
Major players in the electric hybrid ferries market are ABB Marine & Ports, Rolls-Royce Power Systems AG, Voith Group GmbH & Co. KGaA, Groupe Beneteau S.A., Washington State Ferries, Cemre Shipyard Inc., GardaSolar S.r.l., Incat Tasmania Pty Ltd, Ferguson Marine (Port Glasgow) Ltd, Pure Watercraft Inc., RAND Boats ApS, Twin Vee PowerCats Co., Remontowa Shiprepair Yard S.A., Navalt Solar and Electric Boats, Stena RoRo AB, Ruban Bleu Electric Boats, Candela Technology AB, X Shore AB, Wight Shipyard Co. Ltd, Ganz Boats GmbH, Quadrofoil d.o.o., Texelstroom, Havila Voyages AS.
Europe was the largest region in the electric hybrid ferries in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in electric hybrid ferries report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the electric hybrid ferries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electric hybrid ferries market consists of sales solar-assisted hybrid ferries, wind-assisted hybrid ferries, LNG-electric hybrid ferries. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electric Hybrid Ferries Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric hybrid ferries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric hybrid ferries ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric hybrid ferries market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.