RAX 2023 - SolaX Forecasts for the Renewable Energy Market in Israel

From May 2-4, SolaX participated in RAX 2023, the 27th International Exhibition in Israel for Electrical Engineering, Control, Instrumentation, Automation, Pneumatics, Lighting Systems, Energy and Energy Efficiency

SolaX was able to develop our company, create valuable contacts, and increase knowledge base via the participation in this show, where it displayed its extensive portfolio of grid-tied inverters and energy storage solutions to professionals from all over the world in the relevant sector.

Solar energy is the heat and radiant light from the sun, which may be captured using technologies such as solar power (used to produce electricity) and solar thermal energy (used for purposes such as heating water). Solar energy can be utilized to power technologies such as solar power and solar thermal energy.

The solar energy industry in Israel is broken down into solar photovoltaic (PV) and solar thermal segments, depending on the technology. The installed capacity (MW) was used to size the market and make segmentation projections.

During the period covered by the analysis (2022-2027), the market for solar energy in Israel is anticipated to have a compound annual growth rate of 5%. The Israeli government has a goal of increasing the amount of renewable energy that accounts for forty percent of the country's overall energy output by the year 2030.

Solar energy is the heat and radiant light from the sun, which may be captured using technologies such as solar power (used to produce electricity) and solar thermal energy (used for purposes such as heating water). Solar energy can be utilized to power technologies such as solar power and solar thermal energy.

The solar energy industry in Israel is broken down into solar photovoltaic (PV) and solar thermal segments, depending on the technology. The installed capacity (MW) was used to size the market and make segmentation projections.

During the period covered by the analysis (2022-2027), the market for solar energy in Israel is anticipated to have a compound annual growth rate of 5%. The Israeli government has a goal of increasing the amount of renewable energy that accounts for forty percent of the country's overall energy output by the year 2030.