To achieve efficient solar cells, an in-depth review on significance of diffusion length enhancement is presented in this research work. We have focused on globally-adopted strategy of increasing diffusion length. The experimental pathways followed by various researchers to realize this strategy are deeply explored in this paper. The total of nine key-parameters that control and facilitate diffusion length enhancement are identified. Moreover, total of four parameters which are primarily influenced by diffusion length enhancement are listed. The underlying cause-&-effect mechanism pertaining to each parameter is discussed in-depth in this article. Furthermore, the comparison is performed between impact of electron and hole diffusion length enhancement on the device performance. The way to potentially implement this study for appropriate absorber layer selection is presented. Finally, a comparative study is performed on extent of influence of diffusion length enhancement technique to that of the band-offset optimization technique to achieve higher device performance. This rigorous analysis leads to discovery of the fact that diffusion length enhancement raises solar cell efficiency seven times as compared to that obtained by band offset optimization. Hence, significance of diffusion length enhancement for the pinnacle performance of solar cell is vividly revealed in this paper.