Electric Hybrid Ferries Market Report 2026

The electric hybrid ferries market size has grown rapidly in recent years. It will grow from $4.67 billion in 2025 to $5.27 billion in 2026 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to transition toward cleaner marine transport, fuel efficiency requirements, hybrid propulsion pilots, maritime emission regulations, ferry fleet modernization.

The electric hybrid ferries market size is expected to see rapid growth in the next few years. It will grow to $8.49 billion in 2030 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to increased hydrogen and battery integration, smart grid-enabled ports, demand for operational flexibility, emission reduction mandates, technological maturity of hybrid systems. Major trends in the forecast period include adoption of plug-in hybrid propulsion, integration of advanced energy management systems, growth of long-range hybrid ferries, use of alternative fuels, expansion of retrofit projects.

The increasing demand for sustainable public transportation is expected to drive the growth of the electric hybrid ferries market going forward. Sustainable public transportation refers to eco-friendly transit systems that minimize environmental impact while efficiently moving people. The rise in demand for sustainable public transportation 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 enhance air quality, support renewable energy adoption, and foster cleaner, more sustainable public transport, particularly in urban and coastal areas. For instance, in November 2025, the Department for Transport, a UK-based government organisation, reported that in England, there were 3.7 billion local bus passenger journeys in the year ending March 2025, representing a 1% increase compared with the year ending March 2024. Therefore, the increasing demand for sustainable public transportation is driving the growth of the electric hybrid ferries market.

Major companies operating in the electric hybrid ferries market are focusing on developing innovative technologies, such as hybrid-electric passenger ferries, to reduce carbon emissions, improve fuel efficiency, meet stricter environmental regulations, and cater to the growing demand for sustainable maritime transportation solutions. Hybrid-electric passenger ferries are vessels designed to transport people and powered by electric batteries and conventional fuel engines (typically diesel). For instance, in January 2025, Derecktor, a US-based shipbuilding company, launched two hybrid-electric ferries, Juliette Gordon Low II and Susie King Taylor II, for Chatham Area Transit (CAT) in Savannah. These hybrid-electric vessels feature advanced propulsion systems that combine diesel generators with lithium-ion batteries to ensure cleaner and more efficient operation. This hybrid setup optimizes fuel consumption, significantly reducing greenhouse gas emissions and minimizing noise pollution. Additionally, integrating waterjet propulsion improves maneuverability and performance, making these ferries ideal for short urban transit routes while supporting sustainable and eco-friendly maritime transportation.

In April 2024, Yamaha Motor, a Japan-based manufacturing company engaged 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 integrating Torqeedo’s advanced electric marine technology, accelerating innovation in sustainable boating solutions, and expanding its global footprint in eco-friendly marine mobility. Torqeedo is a Germany-based manufacturing company of electric and hybrid marine propulsion systems.

Major companies operating in the electric hybrid ferries market report include ABB Marine & Ports, Rolls-Royce Power Systems AG, Voith Group GmbH & Co. KGaA, Wärtsilä Corporation, Siemens Marine, Kongsberg Gruppen, Cemre Shipyard Inc., Incat Tasmania Pty Ltd, Ferguson Marine (Port Glasgow) Ltd, Remontowa Shiprepair Yard S.A., Stena RoRo AB, Damen Shipyards Group, Austal Limited, Candela Technology AB, Wight Shipyard Co. Ltd, Navalt Solar and Electric Boats, Norled AS, BC Ferries, Washington State Ferries, Texelstroom, Havila Voyages AS, Corvus Energy, Leclanché SA, Saft Groupe, Echandia Marine AB.

Europe was the largest region in the electric hybrid ferries in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric hybrid ferries market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric hybrid ferries market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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 that 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.

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