Throughout recent century the limits of using energy resources due to the cost and environmental issues became one of the scientists concerns. Because of the huge amount of energy received from the sun to the earth, the application of photovoltaic solar cells has become popular in the world. The photovoltaic (PV) efficiency can be increased by several factors; concentrating photovoltaic (CPV) system is one of the important tools for efficiency improvement and enables for a reduction in the cell area requirement. The limits of the PV area can reduce the amount of absorbing irradiation, CPV systems can concentrate a large amount of sunlight into a smaller are by applying lenses or curved and flat mirrors. However, the additional costs on concentrating optics and cooling systems made CPV less common than non-concentrated photovoltaic. This paper reviews the different types of PV concentrator, their performance with advantages and disadvantages, concentration ratio, acceptance angle, brief comparison between their efficiencies, appropriate cooling system and also talks about their market prospects.