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Solar Photovoltaic (PV) systems are used to generate electricity through the photovoltaic effect. Solar radiation is trapped and converted to electricity via solar PV panels. The solar PV systems generate electricity with negligible carbon emissions thereby cutting the carbon level in the environment. Solar energy is freely and abundantly available, eliminating the cost involved in fuel input. Solar energy is one of the best alternative renewable sources of energy with least maintenance and operation costs. The global solar PV installation is expected to reach 60.05 GW in 2018, growing at a CAGR of 10.7% from 2012 to 2018.
Source : http://www.transparencymarketresearch.com/solar-photovoltaic-market.html