As  the  name, itself suggests solar cell is made  from  two words, solar & cell.  Cell means the device to provide the direct current  power  supply & Solar means the device operated  by  the energy  received from sun.  The Solar Cell is the  device  which, converts the light energy into the electric energy. Solar panels find their application in residential, commercial, industrial and power utilities. The growth of solar panel market is expected to be considerable in residential end-se application, owing to the support by governments’ funding and initiatives.
Viewing  the  increasing  cost of  fuel  &  coal,  pollution produced by the thermal power station operated by either coal  or fuel,  initial capital investment for nuclear power plant  &  the difficulties  regarding the disposal of nuclear waste, all  these power generating sources are very inconvenient & trouble some for near future.
On the basis of size, the solar panel market can be categorized into small (<100 kW), medium (1–10 MW), and large (>10 MW). Based on solar module, the solar panel is bifurcated into monocrystalline technology multicrystalline technology, and thin-film. One more point which diverts our attention from the thermal power plants, using coal, fuel & atomic energy as  energy sauces, is its limitation on the earth. As it is calculated that, if the consumption of the above mentioned materials continue with same  rate as it is being used now a days, these materials  would not  cost long.  Coal can  be used for around 200 years oil  fuel around  60 years & nuclear energy sources about 150  years.   But as we know the demand of electricity is increasing day by day all the  materials ie. coal oil & uranium etc.  It is  possible  that these  may  not  be available after just hundred  years  for  the production  of electrical energy so we are to turn our  attention toward another energy sources like air, sun & other new types  of energy sources. The market penetration is high in Europe, owing to the decentralized energy generation model in the region. The increased government funding and initiatives in countries, such as Germany and the U.K., have intensified the growth of solar power capacity in the region, which in turn is, fueling the demand for solar panels.

Each ‘EIRI’ MARKET OVERVIEW CUM DETAILED TECHNO ECONOMIC FEASIBILITY REPORT (Complete Report) tentatively covers
•    Introduction
•    Properties
•    BIS (Bureau of Indian Standard) Specifications & Requirements
•    Uses & Applications
•    Present Indian Market Overview/Position
•    Export & Import Statistics Data
•    Names and Addresses of Existing Units (Present Manufactures)
•    List of Plant & Machineries
•    Miscellaneous Items and Accessories
•    Instruments, Laboratory Equipments and Accessories
•    Electrification, Electric Load and Water
•    Maintenance, Suppliers/Manufacturers of Plant and Machineries
•    Manufacturing Process with Formulations (If applicable)
•    Flow Sheet Diagram
•    List of Raw Materials
•    Availability of Raw Materials
•    Requirement of Staff & Labour
•    Personnel Management
•    Skilled & Unskilled Labour
•    Requirement of Land Area
•    Built up Area
•    Plant Layout
Along with financial details as under:
•    Summary of Capital Cost of Project
•    Land & Side Development Exp.
•    Buildings
•    Plant & Machineries
•    Misc. Fixed Assets
•    Technical Know how Fees & Exp.
•    Preliminary Expenses
•    Pre-operative Expenses
•    Provision for Contingencies
Below mentioned financial statements (Annexure) will be  for 5 to 10 Years
•    Annexure:: Cost of Project and Means of Finance
•    Annexure:: Output, Profitability and Cash Flow Chart
•    Annexure:: Assessment of Working Capital requirements
•    Annexure:: Sources of Finance
•    Annexure:: Balance Sheets
•    Annexure:: Break-Even Analysis and profitability analysis.
•    Annexure:: Quantitative Details-Output/Sales/Stocks
•    Annexure:: Sales Realisation
•    Annexure:: Raw Material Cost
•    Annexure:: Other Raw Material Cost
•    Annexure:: Packing Material Cost
•    Annexure:: Consumables, Store etc.,
•    Annexure:: Employees Expenses
•    Annexure:: Fuel Expenses
•    Annexure:: Power/Electricity Expenses
•    Annexure:: Repairs & Maintenance Exp.
•    Annexure:: Other Mfg. Expenses
•    Annexure:: Administration Expenses
•    Annexure:: Selling Expenses
•    Annexure:: Depreciation Charges - Profitability
•    Annexure:: Depreciation Charges
•    Annexure:: Interest and Repayment - Term Loans
•    Annexure:: Tax on Profit
•    Annexure:: Assumptions for Profitability workings
•    Annexure:: Assessment of Working Capital

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