This paper reviews the main features of acoustic emission technique. First, the characteristics of acoustic signals and their physics are addressed. Then, the structure of acoustic sensors employed for capturing signals is studied. In the next step, the acoustic method of PD measurement is compared with the standard electrical method. Afterward, the applications of AET in PD measurement in different equipment are summarized. All acoustic method and combined acoustic-electrical method for PD localization in transformers are discussed. Moreover, the applications of AET in the monitoring of GIS systems are explained, along with the acoustic behaviors of moving particles in these systems. Finally, the general considerations in the signal processing of the acoustic signals are reviewed.