Solar electricity market has been witnessing fast pace growth for the last few years. The installations of PV modules and cells worldwide have been surging at an average annual rate of over 35% since 1998. Major manufacturers are now intensely competing and new players are making their way to the market. The global PV industry, particularly in Japan and Europe, are pouring huge investments in new production facilities and technologies. However, Europe leads the way with more than 70% of the global cumulative PV installed capacity, says our new research report