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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The purpose of an electric short-run ferry is to travel short distances, usually within a harbour or across a river or bay. This kind of ferry uses an electric propulsion system. Because of their low operational costs and minimal impact on the environment, these ferries are growing in popularity.
Electric motors on electric short-run ferries are fuelled by fuel cells or batteries. The boat can run for several hours on one charge, and the batteries are normally charged overnight. Diesel engines are not needed with electric propulsion, so there is less noise and air pollution.
Electric short-run ferries are not only economical to run, but they are also environmentally benign. They require less maintenance than conventional ferries, and power costs are frequently less than diesel fuel costs.
In addition, many electric short-run ferries are more compact and manoeuvrable than conventional ferries, enabling them to travel where larger boats cannot.
Therefore, electric short-run ferries are a promising technological advancement that can offer environmentally friendly and reasonably priced travel options for commuters and visitors in urban and coastal areas.
Global electric short-run ferry market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Launch of the First Electric, Short-Run Zero-Emission Ferry in California. Green Yachts, a company based in California, has been chosen to convert The Angel Island into an electric motor boat.
In order to facilitate the electrification of The Angel Island vessel, which will start operating as California's first zero-emission, electric propulsion short-route ferry in 2024, PG&E has partnered with the Angel Island-Tiburon Ferry Corporation.
The project's electrification marks a significant turning point for PG&E's Electric Vehicle (EV) Fleet Program, extending the program's support for the electrification of transportation to include the marine industry.
The EV Fleet Program from PG&E offers extensive construction support and financial incentives to enable medium- and heavy-duty fleet clients install charging infrastructure quickly and affordably.
The 59-foot, 400-passenger vessel will be powered by PG&E through the partnership with Angel Island Ferry to support the installation of charging infrastructure and help power ferry service, sunset cruises, and chartered events. PG&E plans to improve electricity transmission to the ferry terminal.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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