2.1    Market Segmentation .............................................................................................................

2.2    World PV Market Size ..............................................................................................................

2.3    Regional Demand Growth.........................................................................................................

2.4    Major PV Markets....................................................................................................................

        2.4.1  Spain ............................................................................................................................
        2.4.2  Germany ........................................................................................................................
        2.4.3  Italy .............................................................................................................................
        2.4.4  Rest of Europe ................................................................................................................
                                     Austria.......................................................................................................
                                     Belgium.......................................................................................................
                                     Bulgaria......................................................................................................
                                     Cyprus........................................................................................................
                                     Czech Republic.............................................................................................
                                     France........................................................................................................
                                     Greece........................................................................................................
                                     Luxembourg..................................................................................................
                                     The Netherland..............................................................................................
                                     Portugal.......................................................................................................
                                     Slovakia.......................................................................................................
                                     Switzerland...................................................................................................
                                     United Kingdom..............................................................................................
                                     Emerging Markets in Rest of Europe....................................................................
          2.4.5  United States..................................................................................................................
          2.4.6  South Korea....................................................................................................................
          2.4.7  Japan............................................................................................................................
          2.4.8  Rest of World..................................................................................................................   
                         Africa......................................................................................................................
                                    Kenya..........................................................................................................
                                    Morocco.......................................................................................................
                                    Nigeria.........................................................................................................
                                    South Africa..................................................................................................
                                    Rest of Africa................................................................................................
                                           (Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Djibouti, Eritrea,
                                            Ethiopia, Gambia, Ghana, Ivory Coast (Cote d'Ivoire), Lesotho, Liberia,
                                            Madagascar, Mozambique, Rwanda, Senegal, Tanzania, Uganda, Zambia)
                         Asia/Pacific..............................................................................................................
                                    Australia.......................................................................................................
                                    China...........................................................................................................
                                    Indonesia......................................................................................................
                                    Malaysia.......................................................................................................
                                    The Philippines ..............................................................................................
                                    Singapore.....................................................................................................
                                    Taiwan........................................................................................................
                                    Thailand.......................................................................................................
                                    Rest of Pacific...............................................................................................
                                           (Brunei, Cambodia, Fiji, Laos, Marshall Islands, Micronesia, Mongolia,
                                            Papua New Guinea, Pacific Islands, Samoa, Solomon Islands, Vietnam)
                         The Americas...........................................................................................................
                                    Canada........................................................................................................
                         Latin America...........................................................................................................
                                    Argentina.....................................................................................................
                                    Brazil...........................................................................................................
                                    Chile...........................................................................................................
                                    Mexico........................................................................................................
                                    Rest of the Americas and Caribbean..................................................................
                                            (Bolivia, Cayman Islands, Columbia, Cuba, Dominican Republic, Ecuador,
                                             French Guiana, Guadeloupe, Guatemala & El Salvador, Honduras, Jamaica,
                                             Peru, Venezuela)..................................................................................
                          Middle East.............................................................................................................
                                    Israel...........................................................................................................
                                    United Arab Emirates (UAE)..............................................................................
                                    Rest of the Middle East...................................................................................    
                                    (Iraq, Jordan, Palestine Territories, Saudi Arabia, Yemen)......................................    
                          South Asia.............................................................................................................
                                    Afghanistan..................................................................................................
                                    Bangladesh...................................................................................................
                                    Bhutan........................................................................................................
                                    India...........................................................................................................
                                    Nepal..........................................................................................................
                                    Pakistan......................................................................................................
                                    Sri Lanka ....................................................................................................

3.1 Production Capacity Through The PV Manufacturing Chain............................................................

            3.1.1 Summary.....................................................................................................................
            3.1.2 Silicon Feedstock Supply Capacity...................................................................................
            3.1.3 Solar Wafer Manufacturing Capacity ................................................................................
            3.1.4 Solar Cell Capacity........................................................................................................
                   (a) Distribution by Technology.........................................................................................
                   (b) Distribution by Region................................................................................................
                   (c) Solar Cell Capacity Utilization......................................................................................
            3.1.5 Crystalline Silicon Solar Module Manufacturing Capacity ......................................................

3.2  PV Chain Production Volumes in 2008........................................................................................

           3.2.1 Silicon Feedstock...........................................................................................................
                   (a) Silicon Demand For Semiconductor Use.........................................................................
                   (b) Silicon Demand For Solar Use......................................................................................
                   (c) Silicon Supply/Demand Mass Balance In 2008.................................................................
           3.2.2 Solar Cell Production (Crystalline Silicon and Thin Film)..........................................................
           3.2.3 Global Mass Balance of Solar Cells in 2008..........................................................................
           3.2.4 Correlating Production With The End-Customer Market Size....................................................

3.3   Leading Manufacturers............................................................................................................

           3.3.1 Leading Silicon Feedstock Manufacturers...........................................................................
           3.3.2 Leading Wafer Manufacturers...........................................................................................
           3.3.3 Leading Cell Manufacturers..............................................................................................
                   (a) The Top 10 Manufacturers.........................................................................................
                   (b) Thin Films ..............................................................................................................

4.1    Main Corporate Funding Activities............................................................................................

4.2    Main Corporate Acquisitions/Divestments................................................................................

4.3    Major 2008 Industry Events ....................................................................................................

5.1 Polysilicon Pricing ....................................................................................................................

         5.1.1 Historical Context............................................................................................................
         5.1.2 Evolving Customer Relationships.........................................................................................
         5.1.3 Prices Overview..............................................................................................................
         5.1.4 Long Term Contracts 5-10 Years........................................................................................
         5.1.5 Short-Term Contracts (1-3 Years) ....................................................................................
         5.1.6 Spot Prices....................................................................................................................
         5.1.7 UMG Si Prices.................................................................................................................

5.2 Wafer Prices............................................................................................................................

5.3 Crystalline Silicon Cell Prices.....................................................................................................

5.4 Module Factory Gate Prices ......................................................................................................

         5.4.1 Factory Gate Module Price Definitions.................................................................................
         5.4.2 European Solar Module Factory Gate Prices.........................................................................
         5.4.3 United States Solar Module Factory Gate Prices...................................................................
         5.4.4 Japanese Solar Module Factory Gate Prices.........................................................................

5.5 Summary of Global Factory Gate Module Price Themes...............................................................

5.6 PV Chain Summary..................................................................................................................

5.7 Online Retail Module Prices and Efficiencies...............................................................................

         5.7.1 Methodology.................................................................................................................
         5.7.2 Survey Profile................................................................................................................
         5.7.3 Regional Price Analysis....................................................................................................
                
                (a) Module Power Bands..................................................................................................
                (b) European Prices by Power Band....................................................................................
                (c) United States Prices by Power Band..............................................................................
                (d) European vs United States Price on Dollar Basis...............................................................

         5.7.4 Company Price Analysis: Average Retail Prices by Manufacturer..............................................
                (a) Monthly Price Moves..................................................................................................
                (b) Average Prices by Module Model...................................................................................
                (c) Lowest Price Points....................................................................................................

          5.7.5 Additions to Price Points in 2008 .....................................................................................
          
          5.7.6 Crystalliine Silicon Module Efficiencies...............................................................................
                (a) Index Methodology.....................................................................................................
                (b) Index Results............................................................................................................
  
5.8 Worldwide Large Installed PV System Prices.............................................................................

           5.8.1 German Installed PV System Prices..................................................................................
           5.8.2 Japanese Installed PV System Prices................................................................................
           5.8.3 United States Installed PV System Prices..........................................................................

6.1       Profile of Survey Participants..............................................................................................

6.2       Market Performance in 2008...............................................................................................

6.3       Present Commercial Environment.......................................................................................

6.4       2009 Market Expectations..................................................................................................

* this year's survey is based on the responses of Dealers and System Integrators
   received between January 17 - February 11, 2009.

   click here to see full list of Survey Questions

7.1  Key Messages From PV Market Performance In 2008.................................................................

           7.1.1 Demand Side...............................................................................................................
           7.1.2 Supply Side ................................................................................................................
           7.1.3 2008 Supply/Demand Balance..........................................................................................

7.2 Scenario Introduction...............................................................................................................

           7.2.1 Overview....................................................................................................................
           7.2.2 Market Drivers.............................................................................................................

7.3 Five Year Scenarios (2009 - 2013)............................................................................................

           7.3.1 The Scenario Approach ................................................................................................
                  (a) BALANCED ENERGY SCENARIO
                  (b) GREEN WORLD SCENARIO
                  (c) PRODUCTION LED SCENARIO

7.4 Scenario Forecast Data............................................................................................................
  
            7.4.1 Summary Outcomes.....................................................................................................
            7.4.2 World Market Demand..................................................................................................
            7.4.3 Learning Curve Correlation............................................................................................
            7.4.4 Summary of Regional Market Demand Outcomes (2009 - 2013)............................................
            7.4.5 Market Application Segment Forecasts............................................................................

7.5 Regional Market Commentary...................................................................................................

            (a) Germany .....................................................................................................................
            (b) Spain..........................................................................................................................
            (c) Japan.........................................................................................................................
            (d) United States...............................................................................................................
            (e) Rest of Europe..............................................................................................................
            (f)  Rest of World...............................................................................................................

7.6  Supply Scenario Forecasts.....................................................................................................

            7.6.1 Cell Production..........................................................................................................

                    (a) Status in 2008.....................................................................................................
                    (b) Total Cell Production Forecast (2009 - 2013).............................................................
                    (c) Crystalline Silicon Cell Production (2009 - 2013).........................................................
                    (d) Thin Film Production (2009 - 2013)..........................................................................

            7.6.2 Cell Manufacturing Capacity and Utilization.....................................................................

                    (a) Capacity.............................................................................................................
                    (b) Capacity Utilization...............................................................................................
                    (c) Regional Distribution of Capacity.............................................................................
                    (d) Technology Share of Capacity ...............................................................................

            7.6.3 Silicon Feedstock Supply (2009 - 2013) ........................................................................

                    (a) Solar Demand......................................................................................................
                    (b) Semiconductor Demand.........................................................................................
                    (c) Total Silicon Feedstock Demand And Mass Balance.....................................................
                    (d) Silicon Feedstock Manufacturing Capacity ................................................................

7.7 Global Average Production Costs............................................................................................

                    (a) Crystalline Silicon.................................................................................................
                    (b) Thin Film.............................................................................................................

7.8 Global Price and Margin Environment......................................................................................
     
            7.8.1 2009/2010 Commercial Environment..............................................................................
            7.8.2 PV System Prices......................................................................................................
            7.8.3 2008/08 Module Factory Gate Pricing Levels...................................................................
            7.8.4 Global and Regional Factory Gate Prices (2009 - 2013).....................................................
                    (a) Global Average Prices............................................................................................
                    (b) Major Regional Market Crystalline Module Prices..........................................................
            7.8.5 PV Margin Movements.................................................................................................
                    (a) Downstream System Margins...................................................................................
                    (a) Crystalline Silicon Modules......................................................................................
                    (b) Thin Film Modules.................................................................................................

7.9 Outlook Summary..................................................................................................................