Israel Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

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 & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Israel Solar Energy Market Size

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Israel Solar Energy Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 5.00 %
Market Concentration High

Major Players

Israel Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Israel Solar Energy Market Analysis

The Israel Solar Energy Market is expected to register a CAGR of 5% during the forecast period.

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 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

  6. *Disclaimer: Major Players sorted in no particular order
Israel Solar Energy Market Concentration
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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. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Israel Solar Energy Installation Capacity Forecast, in MW, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGEMENTATIONBY TYPE

  • 5.1 Solar Photovoltaic (PV)
  • 5.2 Solar Thermal

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaborations, and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Key Companies Profile
    • 6.3.1 Shikun & Binui Ltd
    • 6.3.2 Solaer Renewable Energies
    • 6.3.3 EDF Renewables
    • 6.3.4 BELECTRIC Solar & Battery GmbH
    • 6.3.5 Noy Fund
    • 6.3.6 BrightSource Energy Inc.
    • 6.3.7 Siemens
    • 6.3.8 General Electric Company
    • 6.3.9 Kedam Solar

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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).

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Israel Solar Energy Market Research FAQs

What is the current Israel Solar Energy Market size?

The Israel Solar Energy Market is projected to register a CAGR of 5% during the forecast period (2025-2030)

Who are the key players in Israel Solar Energy Market?

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.

What years does this Israel Solar Energy Market cover?

The report covers the Israel Solar Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Israel Solar Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Israel Solar Energy Industry Report

Statistics for the 2025 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 for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.