Israel Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The report covers Israel Solar Energy Companies and the Market is segmented by Technology (Solar Photovoltaic (PV) and Solar Thermal). The market size and forecast for the renewable energy market in installed capacity (in MW) in the above segments.

Israel Solar Energy Market Size

Israel Solar Energy Market Summary
share button
Study Period 2019-2027
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR 5.00 %
Market Concentration High

Major Players

Israel Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Israel Solar Energy Market Analysis

The Israeli solar energy market is expected to register a CAGR of 5% during the forecast period (2022-2027).

The market was negatively affected by COVID-19 due to disruptions in the supply chain. However, the market rebounded in 2021.

  • In the long-term, the rigorous involvement of the Israeli government to encourage people to install solar PV panels on rooftops and other initiatives to boost solar power installed capacity may increase the adoption of solar energy systems at the domestic level, which may further drive the Israeli solar energy market.
  • However, factors such as the lower participation of local private companies investing in the country's solar energy business segment are expected to restrain the growth of the Israeli solar energy market.
  • The Israeli government has planned to shut down its coal-fired projects and promote the use of renewable energy. The government aims to install 17GW of solar power by 2030, which is expected to create several future opportunities for the Israeli solar energy market.

Israel Solar Energy Market Trends

This section covers the major market trends shaping the Israel Solar Energy Market according to our research experts:

Solar Photovoltaic (PV) to Dominate the Market

  • In 2021, the renewable energy generation in Israel was 5.7 TWh, which was almost a 30% increase from 2020. Similarly, solar energy generation was 95% of the total renewable energy generation in 2021.
  • The capacity deployment of solar energy in the country was 2,300 MW at the end of 2021. The capacity deployment is expected to reach 9800 MW by 2025 and 17,145 MW by 2030 due to factors such as the announcement of upcoming solar projects in the country and the completion of projects under development.
  • For instance, in January 2022, Enlight Renewable Energy Ltd (Enlight Renewable) announced an investment of around USD 228.027 million in the Israel Solar PV Park 2 project with a capacity of 82 MW. The project will begin commercial operations by July 2023.
  • The Ministry of Energy, Israeli, is focusing on formulating a roadmap for 2030 to deploy and run renewable energy and preparing five inter-ministerial teams to achieve renewable energy goals. This development will expedite the deployment of solar energy in Israel.
  • Therefore, owing to the ambitious targets, the solar photovoltaic (PV) segment is likely to dominate the Israeli solar energy market during the forecast period.
Israel Solar Energy Market - Installed Capacity of Solar Energy, in Gigawatts (GW), Israel,  2011-2021

Increasing Solar Energy Installations to Drive the Market

  • The government of Israel has planned to increase its renewable energy generation to 17% of the total energy generation by 2030.
  • In 2022, installations of solar energy systems increased amid soaring electricity prices. There was an increase of 18% in rooftop solar in private houses. In 2021, around 4,500 systems were installed.
  • In 2022, the Ministry of Energy, Israel, emphasized installing solar panels on residential buildings and connecting them further to the national electricity grid. A not-for-profit organization named Sun for Everyone took the initiative and made significant efforts to accelerate solar rooftops in residential buildings.
  • However, the Ministry of Energy, Israel, is well aware of the challenges of deploying solar rooftops since multi-occupant buildings share several small roofs, as it is challenging to convince all households to install solar rooftop systems. Nevertheless, the Ministry is taking several steps to support Israel in achieving a clean energy transition.
  • Hence, owing to such factors and increasing solar energy installations, the Israeli solar energy market is expected to grow further during the forecast period.
Israel Solar Energy Market - Installed Capacity of Solar Energy

Israel Solar Energy Industry Overview

The Israeli solar energy market is consolidated. Some of the key players in the market include (in no particular order) Shikun & Binui Ltd, BrightSource Energy Inc., EDF Renewables, BELECTRIC Solar & Battery GmbH, and Solar Renewable Energies.

Israel Solar Energy Market Leaders

  1. Shikun & Binui Ltd

  2. BrightSource Energy, Inc

  3. EDF Renewables

  4. BELECTRIC Solar & Battery GmbH

  5. Solaer Renewable Energies

*Disclaimer: Major Players sorted in no particular order

Israel Solar Energy Market Concentration

Israel Solar Energy Market News

  • In December 2022, in line with Israel's target to double solar capacity by 2025, Marom Energy announced plans to build Israel’s first solar power plant on privately held Bedouin land. The project's construction will begin in southern Israel's Negev Desert in 2023, and it will get established on 150 acres of land.
  • In October 2022, Belectric received an 88 MW of Solar Project for Halutziot solar farm. The construction activities are expected to get completed by 2023. The project was commissioned in 2015 and will require replacement of 180,000 existing modules with 161,000 new high capacity modules.

Israel Solar Energy Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Israel Solar Energy Installation Capacity Forecast, in MW, till 2027

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis


    1. 5.1 Solar Photovoltaic (PV)

    2. 5.2 Solar Thermal


    1. 6.1 Mergers, Acquisitions, Collaborations, and Joint Ventures

    2. 6.2 Strategies Adopted by Key Players

    3. 6.3 Key Companies Profile

      1. 6.3.1 Shikun & Binui Ltd

      2. 6.3.2 Solaer Renewable Energies

      3. 6.3.3 EDF Renewables

      4. 6.3.4 BELECTRIC Solar & Battery GmbH

      5. 6.3.5 Noy Fund

      6. 6.3.6 BrightSource Energy Inc.

      7. 6.3.7 Siemens

      8. 6.3.8 General Electric Company

      9. 6.3.9 Kedam Solar


**Subject to Availability

Israel Solar Energy Industry Segmentation

Solar energy is heat and radiant light from the sun that can be harnessed with technologies such as solar power (used to generate electricity) and solar thermal energy (used for applications such as water heating). 

The Israeli solar energy market is segmented by technology into solar photovoltaic (PV) and solar thermal. The market sizing and segment predictions have been based on installed capacity (MW).

Report scope can be customized per your requirements. Click here.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Israel Solar Energy Market Research FAQs

The Israel Solar Energy Market is projected to register a CAGR of 5% during the forecast period (2023-2027).

Shikun & Binui Ltd, BrightSource Energy, Inc, EDF Renewables, BELECTRIC Solar & Battery GmbH and Solaer Renewable Energies are the major companies operating in the Israel Solar Energy Market.

Israel Solar Energy Industry Report

Statistics for the 2023 Israel Solar Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Israel Solar Energy analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!