MINI PROJECT FILE

“SOLAR ELECTRIC TIFFIN BOX”

Session 2021-2022
Subject Code: KMBN106

SUBMITTED TO :
SUBMITTED BY :
Faculty’s Name: VEDIKA KHANDELWAL
Roll No:MBA21052
Section: ITM-C
 Declaration

I VEDIKA KHANDELWAL, hereby declare that the project titled “SOLAR

TIFFIN BOX’’ submitted in partial fulfillment for the award of degree of Master
of Business Administration of APJ Abdul Kalam Technological University is a
bonafied record of work done by me under the guidance of Prof. DIPTI SINGH ,
GL BAJAJ Institute Of Management and Technology. This report has not
previously formed the basis for the award of any degree, diploma, or similar title of
any University.

VEDIKA KHANDELWAL
MBA21052
 Acknowledgement

Through this acknowledgement I express my sincere gratitude towards all those

people who helped me in this project, which has been a learning experience. I
escalate a heartfelt regards to our HEAD OF DEPARTMENT DR. ROHIT
KAUSHIK for giving me the essential hand in concluding this work. This space
wouldn’t be enough to extend my warm gratitude towards my project guide Prof.
DIPTI SINGH for her efforts in coordinating with my work and guiding in right
direction.

It would be injustice to proceed without acknowledging those vital supports I

received from my beloved friends, without whom I would have been half done. I
also use this space to offer my sincere love to my parents and all others who had
been there, helping me walk through this work.

VEDIKA KHANDELWAL

INTRODUCTION
Solar is very good source of energy. By using solar panels we can save
electricity. It is used for many purposes just to save energy. Solar panels are
those devices which are used to absorb the sun's rays and convert them into
electricity or heat, basically it is a good source of energy saving.
Solar tiffin box is smart solar panel enabled box, charged from sun rays. This
is a tiffin box in which mini solar panel is embedded in it. It allows you to
heat your food just by switching on a button. Heating your food as per your
convenience and automatically turns off. This solar tiffin is made from
stainless steel, which keeps your food warm. The outer material used is
plastic. It just takes 10 to 12 minutes to warm your food properly. There is
also an alternate option available for charging this tiffin box; you can also
charge it from electric switch, as electric cord is also available as an alternate
option in case of unwanted weather condition (rainy, cloudy, foggy, etc.). A
battery is fixed in this, which can be charged from solar energy and store that
energy for heating your food. The basic purpose for make this solar tiffin box
is reducing the usage of electricity and saving power. This tiffin box is
basically made for the school going students and office person, who have
very busy life schedule and unable to enjoy hot serving food. This tiffin box
is easy to carry at all places (school, office, for travelling purpose, etc.), it is
very obvious that hot serve food are more delicious and healthy so from this,
we can enjoy hot serve food at any place.
It pertains to an insulated lunch box that is able to maintain different items
such as food and drink at different temperatures. It is able to maintain its
contents hot. The lunch box is intended for use when traveling in a vehicle
such as an automobile, truck or RV, school going purpose, offices and
colleges.

SCOPE OF INNOVATION
As solar products are very trending, futuristic and natural conserving source
of producing electricity without any problem. It doesn't harm our
environment. It is a good source of energy and also a cost saving work. We
can charge it from natural source (sun) rather than charging it by using
electricity, so basically it is a cost saving product, which have a great scope
in future. As we all know that usage of electricity is increasing day by day
and in future there will be shortage of electricity, so for conserving electricity
we can reduce the use and will have to increase the usage of natural source of
producing electricity. Not only this solar tiffin box but also many solar
products (solar cooker, solar emulsion rode, solar inverter, etc.) are already
available in market which are made just for saving power and will have very
good scope in future. This innovation will also be used on that place where,
there is shortage of electricity and we can say that the place where, there is
lot of power cut. In future if there will be shortage of energy then price of
electricity bills are also increased and for reducing the usage, we can use this
for saving power and money as well.

Solar tiffin Box Market By Technology ,Product Type (Plastic, thermo steel,
Glass), Application (Food, Drink, Vegetables, Others), End-User (Household,
Commercial), Distribution Channel (Online, Offline), become industry trend
in future because it is totally new and innovative product.

Solar tiffin box market is expected to grow at a growth rate of 8.1% in the
forecast period 2020 to 2027. Introduction of solar lunch box that consume
no electricity and increasing willingness to spend of the people are the factors
which are impacting the solar lunch box market in the forecast period of 2020
to 2027.
Introduction of solar lunch box that will consume no electricity increasing
awareness regarding the convenience provided by the lunch box increasing
demand of food carriers for offices, school and travelling are some of the
factors that will accelerate the growth of the solar lunch box market during
the forecast period of 2020-2027. On the other hand, power cuts or no supply
of electricity in some areas will grow the market demand of the solar lunch
box. Easy availability of cheap substitutes as compare to electric lunch box,
which consume more electricity and solar lunch box will hamper the market
growth in the above mentioned forecast period.

PRODUCT DISCRIPTION
Solar Electric Tiffin Box, hotline ideal usage is to serve your meal hot and
fresh anywhere and anytime. It comes with solar charging with an alternate
option of plug-n heat feature which allows you to plug at your desk or
wherever you are to give you hot food in just 10-12 minutes. It has a 15
minute auto cut-off feature. When using solar energy as the energy source it
works on DC and alternately it also works on AC - volts: 220-240, heater
load - 100 watts. It contains a small battery which can be charged with both
the sources i.e. solar light and household electricity in case of unwanted
weather condition and no electricity present. This lunch box is made of
stainless thermo steel and outer covering is made of virgin plastic which is
BPA (bisphenol A- It’s Polycarbonate plastics are often used in containers
that store food and beverages, such as water bottles) free that keeps your food
safe. Lunch box come with an solar panel on the top of the tiffin box to heat
up its content and also an electric power cord which can be plugged in to heat
up its contents in case of bad weather conditions. There are three stainless
steel containers inside the lunch box, so you can carry various food items in
one container. All you need to do is to put the tiffin in presence of sunlight
for charging it and just turn on the switch 10-12 minutes before you want
your food and your food will be ready to eat in 10-12 minutes. Also you can
plug in the cord for charging it (basically it’s an alternate option for charging)
and at the time you want your food to be ready, you just need to turn on the
switch and your food will be ready to eat in 10-12 minutes. There are three
stainless steel containers. Perfect in size will not take much of your space. All
the three containers are leak proof and air tight so, no food will be spills.

Solar Panel consists 7 layers which are as follows :-

1. Aluminium Frame :
Solar panel frame is made up of aluminium as they
provide the structural stability for the overall
combination of glass, EVA encapsulant, the cell and
the back sheet. Aluminium is Light weight, high
strength, proper corrosion properties, high surface
reflectivity, excellent electrical and thermal
conductivities, as well as special optic properties of
its anodic coating are such as interesting properties
of aluminium that make it inseparable part of solar
power systems.

2. Tempered Glass :
Solar panel glass is one of the important barriers
which protect solar photovoltaic cells against
damaging external factors, such as water, vapor, and
dirt. The solar panel glass also offers low reflection,
high transmissivity, and high strength.
Secondly, tempered glass is considered safety glass.
In case it breaks, it will shatter in thousands of small
pieces, that won't be harmful. Both the strength and
safety is important for the installation of solar panels.

3. Encapsulant - EVA (Ethylene Vinyl Acetate) :

EVA (Ethylene Vinyl Acetate) is
an encapsulant for solar Cells/ Modules.
Encapsulant sheets play an important role in
preventing water and dirt from infiltrating into solar
modules as well as protecting the cell by softening
the shocks and vibrations to the cell.

4. Solar Cells :
 Solar cells, sometimes called photovoltaic cells,
convert energy from the sun directly into
electricity. Solar cells produce renewable energy, and
are durable, portable and low-maintenance.

5. Back Sheet :
Back sheet means a sheet on the back side of a
Photovoltaic Module (i.e., the side that does not face
a light source), that may include one or more films or
layers, Back sheets play a significant role in
protecting PV modules and delivering needed module
lifetime. They protect the solar panels against
environmental damage and ensure that panels remain
electrically insulated.

6. Junction Box :
A solar panel's junction box is attached to the back of
the solar panel. It wires the connectors together and is
the output interface of the solar panel. A
good junction box keeps corrosion at the terminals to
a minimum, as it will exclude water coming in.
The junction box is often an overlooked piece of
the solar panel. The PV junction box has a simple,
but important role: housing all the electric bits on
a solar panel and protecting them from the
environment. Wires connect to diodes inside,
providing an easy way to link panels together.
The above picture shows the seven layers of
solar panel-

Description of solar panel-

Power (watts) 5.40 Watt
Voltage (VOC) 0.680 Volt
Short circuit current (ISC) 9.88 Amps
The voltage at max. power 0.58 Volt
Current at max. power 9.3 amps
Model of solar tiffin box-
Model-1

Figure -1 : SOLAR TIFFIN BOX - Three Piece Set.

Model -2

Figure-2:Another Model of Solar Tiffin Box – Two Piece set

 USP- UNIQUE SELLING POINT

A unique selling point (USP), also called a unique selling proposition, is the
essence of what makes your product or service better than competitors.
USP is very important thing for your product in market because , if all the
products appear to be the same, your prospective customers won’t know
which one is right for them. Being clear about your unique selling proposition
helps them differentiate between the variety of choices available to them. It is
a crucial part of effective selling,
A successful business is often on which their key competitive differentiators
are clear. As a business owner, you need to consider and communicate who
your business is for, what drives you to offer the services you offer, and how
you want to make a unique impact.
Your USP is your key differentiator and the reason your customer will buy
from you and an important part of your marketing strategy for attracting new
customers.
A unique selling proposition (USP) refers to the unique benefit exhibited by a
company, service, product or brand that enables it to stand out from
competitors. The unique selling proposition must be a feature that highlights
product benefits that are meaningful to consumers.
A Unique Selling Proposition (USP) is a unique selling point or slogan that
differentiates a product or service from its competitors.
 UNIQUE SELLING POINT OF SOLAR TIFFIN
BOX

1. Unique Features –
The most highlighted feature is solar itself, because
solar tiffin box is the first -ever-Solar tiffin box. It is a
good source of conservation of energy and nature
friendly.

2. Long lasting -
This solar tiffin box is long lasting with their Features.
The mini solar panel embedded in this box is of high
quality and work perfectly for 5-6 years and you can
also change it after it stop working.

3. A complimentary add-on -
A complimentary waterproof bag is the add-on product
includes with this solar tiffin box, which prevents your
tiffin from water or rain.

4. Fast charging mode –

One of the most powerful feature is that, this tiffin box
can be charged easily within 3 hours and used for 2-3
days.

5. Outstanding Quality -
The outer material used in this tiffin box is plastic
(BSP free) which preserve your food safely and the
inner material used is stainless thermo steel, which
keeps your food hot and healthy.
 6. Environmental friendly-
Solar energy is a natural source of energy and also
helps to conserve electricity so, basically it is
conservationist or environmental friendly in nature.

7. Dual specialization –
It can be charged with solar energy and also a power
cord is available in case of unwanted weather
condition.

Statistical Data Analysis for Solar Technology

Solar Technology Got Cheaper and Better in the 2010s.

No other power-generation technology matched solar’s pace of cost reduction
this past decade. The game will change again in the 2020s.

The cost of multi-silicon solar modules fell from $2 per watt to just over
$0.20/W during the 2010s
Solar energy grew by leaps and bounds in the 2010s. According to Wood
Mackenzie, global annual solar installations grew more than six fold this
past decade, from 16 gigawatts in 2010 to 105 gigawatts in 2019.
In the meantime, multi-silicon solar module prices dropped from over $2
per watt to just over $0.20 per watt in Q3 2019. That 90 percent price
reduction is one of the most critical factors driving the global expansion
of solar.

No other electricity generation technologies have been able to keep up

with solar’s pace of cost reduction over this period.
The U.S. Energy Information Administration’s data shows that the
overnight capital cost required building new onshore wind and
conventional natural gas combined-cycle power plants in the U.S.
decreased by 38 percent and 2 percent, respectively,
between 2010 and 2018.

In the meantime, the cost to build combustion turbine plants has gone up
by 11 percent. The same unfavorable economics have led to very few new
coal plant constructions in the second half of the 2010s.

Global solar manufacturing capacity vs. module price, 2010-2020E

Source: Wood Mackenzie
ECONOMIES OF SCALE AND SUPPLY-CHAIN
DEVELOPMENT DROVE SOLAR'S COST
REDUCTION

The main reason solar modules have become increasingly cost-

competitive is due to economies-of-scale production along the entire
supply chain. Global polysilicon production capacity grew more than
fourfold this past decade, while the price of polysilicon, the primary
feedstock for solar module production, declined from over $80 in 2010 to
just $8.40 in 2019.

Similarly, accompanying the steep module price decline was a fivefold

increase in the global module production capacity. Wafer and solar cell
production capacity also experienced huge growth over the decade.

This supply-chain-wide development created a robust and competitive

solar marketplace. Nowadays, successful manufacturers continue to
produce at scale while innovating their business models and technology
offerings.

CHEAPER AND BETTER

In addition to their significant cost decline, solar panels have improved a

lot in the past decade.

The average nameplate power output of a standard 72-cell multi-silicon

module was around 290 watts in 2010. Today, consumers can expect at
least 345 watts at one-tenth of the 2010 price. It is like getting the latest
iPhone at a 90 percent discount on the old iPhone price. Although that
may never happen in the mobile phone market, solar has been seeing
better products at lower prices every year for a decade.
The 2010s also witnessed solar modules getting better in a few other
ways:

• Higher-efficiency mono silicon-based modules are replacing multi

silicon modules to become the predominant module type.

• Modules increasingly use advanced cell architectures such as passivated

emitter and rear contact (PERC), interdigitated back contact (IBC),
heterojunction with intrinsic thin layer, and bifacial cell technologies.

• Modules based on larger wafers (158 mm and above) and n-type wafers
are gaining market traction.

• Innovative module techniques such as half-cuts and shingles are

capturing market share.

Solar energy is a shining example of renewable energy's increasing

affordability in the 2010s. Now, at the turn of a new decade, a sea change
is happening in the global solar industry where the focus is shifting from
lowering capital expenditure to decreasing projects' levelized cost of
energy. Solar modules with high power output and low degradation rates
are crucial to this mission.
 Feasibility

As the name implies, a feasibility analysis is used to determine the viability

of an idea, such as ensuring a project is legally and technically feasible as
well as economically justifiable. It tells us whether a project is worth the
investment in some cases, a project may not be doable. There can be many
reasons for this, including requiring too many resources, which not only
prevents those resources from performing other tasks but also may cost more
than an organization would earn back by taking on a project that isn’t
profitable.

A well-designed study should offer a historical background of the business or

project, such as a description of the product or service, accounting
statements, details of operations and management, marketing research and
policies, financial data, legal requirements, and tax obligations. Generally,
such studies precede technical development and project implementation.

Financial feasibility
A financial feasibility study projects how much start-up capital is needed,
sources of capital, returns on investment, and other financial considerations.
It looks at how much cash is required, where it will come from, and how it
will be spent.

Electrical parameter-
Power (watts) 5.40 Watt
Voltage (VOC) 0.680 Volt
Short circuit current (ISC) 9.88 Amps
The voltage at max. power 0.58 Volt
Current at max. power 9.3 amps

Costing of products required-

Product Price
Solar panel cost
In retail Rs.80
In wholesale Rs.50 or less
Box and tiffin cost with electric Rs.200-250
heating and cord

Basically the financial feasibility of this solar tiffin box is not much high,
which are discussed as below-

Capital required for 1 tiffin box- Rs.400 (approx.)

Wholesale price- Rs.700 (approx.)
Retailer price- Rs.850 (approx.)
MRP (costumer price) of the product -Rs.1000-1200 (approx.)

Operational feasibility
Operational feasibility is the measure of how well a proposed system solves
the problems, and takes advantage of the opportunities identified during
scope definition and how it satisfies the requirements identified in the
requirements analysis phase of system development. This solar box is
feasible and it could be easily produced by the manufacturer. Also, this
product is new in market and very easy to use by the costumers.
This is basically made for the requirement of saving electricity and uses more
natural source of energy rather than using artificial electricity.

Importance of Feasibility Study

The importance of a feasibility study is based on organizational desire to
“get it right” before committing resources, time, or budget. A feasibility
study might uncover new ideas that could completely change a project’s
scope. It’s best to make these determinations in advance, rather than to
jump in and to learn that the project won’t work. Conducting a
feasibility study is always beneficial to the project as it gives you and
other stakeholders a clear picture of the proposed project.

BENEFITS OF SOLAR TIFFIN BOX

Undoubtedly, the sun is a powerful energy source, and even though we are
not able but to collect a fraction of this energy, solar energy has now proved
to be extremely beneficial - not only for the environment but also for the
private economy. Thanks to available solar panel grants, as well as, the
increasingly competitive prices in the market, solar energy has become the
main source of energy for more and more families. The technology has been
drastically improved the last years and has been complemented by solar
battery storage systems, turning solar into a significantly more efficient
source of clean energy. Nowadays or in future, solar products will be widely
made and used for conserving electricity, because it is the natural source of
producing electricity.

ADVANTAGES OF SOLAR TIFFIN BOX-

1. Renewable Energy Source

2. Reduces Electricity Bills
3. Dual Applications
4. Low Maintenance Costs
5. Technology Development

1. Renewable Energy Source

Among all the benefits of solar panels, the most important thing is that solar
energy is a truly renewable energy source. It can be harnessed in all areas of
the world and is available every day and you can charge this tiffin box easily
from sunlight.

2. Reduces Electricity Bill

By using this solar tiffin box you can reduce the use of electricity and hence
reducing the electricity bills. You can enjoy your food at any place and your
energy bills will drop. How much you save on your bill will be dependent on
the size of the solar panel embedded in the tiffin box depending upon the size
of box

3. Dual Applications
Solar tiffin box can be used as dual ways, it can be used by charging it from
solar energy and in case of bad weather condition we can also charge this
tiffin box by power cord, which is the alternate option for charging it.

4. Affordable price
This solar tiffin box carry very affordable range and also solar energy
systems generally don’t require a lot of maintenance. You only need to keep
them charge and relatively clean.
Also, as there are no moving parts, there is no wear and tear. The mini solar
panel embedded in this lunch box has to be charged by putting the lunch box
on direct sunlight and you can use it for 2-3 days. Also it runs with maximum
efficiency.

5. Technology Development
Technology in the solar power industry is constantly advancing and
improvements will intensify in the future. Innovations in this field can
potentially increase the effectiveness of solar panels and double, or even
triple, the electrical input of the solar Power.
 CONCLUSION

This project is about a product named as, solar tiffin box, and hotline ideal
usage is to serve your meal hot and fresh anywhere and anytime. It is charged
from a natural source of energy i.e. sun and then consume this energy for heat
your food . A small Solar panel is embedded on the top of the box and we can
charge this box with the help of that solar panel. A battery is also fixed to
store energy so that you can warm your food as per your convenience time
and enjoy healthy n hot food at any time and any place. This battery is
charged from both the sources i.e. from solar light and household electricity
in case of unwanted weather condition. All you need to do is to put the tiffin
in presence of sunlight for charging it and just turn on the switch 10-12
minutes before you want your food to be ready to eat. This product is totally
feasible and easy to manufacture and very affordable for middle class as
compared to the other electric tiffin box available in the market. This is
basically made for the purpose of saving electricity and reduces the electricity
bills.
In future if there will be shortage of electricity then price of electricity bills
are also increased so for reducing that usage we have to save more and more
artificial energy and use natural source of energy i.e. solar energy.

REFERENCE

References are taken from-

 https://www.databridgemarketresearch.com/toc/?dbmr=global-electric-lunch-box-market
 https://images.app.goo.gl/MWu4nUCdnPg8g1xq5
 https://www.optimizely.com/optimization-glossary/unique-selling-point/ - :~:text=A%20unique
%20selling%20point%20
 Statistical data -https://images.app.goo.gl/qUFFPTkH9v2rKCJ69