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This article provides a comprehensive review of solar photovoltaic technology in terms of photovoltaic materials efficiency and globally leading countries. Based on past years review and photovoltaic installations in the year 2014, the major five leading countries identified are China, Japan, USA, Germany and UK. These five countries altogether accounted for 80% of photovoltaic installations in 2014. The article also discusses the driving policies, funding and Research and Development activities: to gauge the reasons behind the success of the leading countries. Finally, this article reviews the photovoltaic cost analysis in terms of the photovoltaic module cost, balance of system cost and project cost with the help of listed 98 globally installed projects.<\/jats:p>","DOI":"10.1177\/0144598716650552","type":"journal-article","created":{"date-parts":[[2016,5,22]],"date-time":"2016-05-22T13:32:22Z","timestamp":1463923942000},"page":"485-526","update-policy":"https:\/\/doi.org\/10.1177\/sage-journals-update-policy","source":"Crossref","is-referenced-by-count":246,"title":["Review on recent trend of solar photovoltaic technology"],"prefix":"10.1177","volume":"34","author":[{"given":"Mehreen","family":"Gul","sequence":"first","affiliation":[{"name":"Heriot Watt University, Edinburgh, UK"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Yash","family":"Kotak","sequence":"additional","affiliation":[{"name":"Heriot Watt University, Edinburgh, UK"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Tariq","family":"Muneer","sequence":"additional","affiliation":[{"name":"Edinburgh Napier University, Edinburgh, UK"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"179","published-online":{"date-parts":[[2016,5,19]]},"reference":[{"key":"bibr1-0144598716650552","unstructured":"Aboudi M (2011) Solar PV balance of system (BOS): Technologies and markets blog.\n                      GTM Research\n                      . 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