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Electromagnetic levitation is an important area of research. There is lot of applications of maglev in industry. Extensive research is going on for the last two decades throughout the world to design the latest form of the maglev system. Due to interdisciplinary nature, many aspects are still open in maglev research. The major components in an electromagnetic suspension system are (i) actuator, (ii) sensor, (iii) controller, and (iv) power amplifier. For the successful implementation for any maglev-based project, the basic knowledge of these components is necessary. In this manuscript, an extensive review of different components of electromagnetic levitation systems has been presented.