Photoelectrocatalytic (PEC) water decomposition provides a promising method for converting solar energy into green hydrogen energy. Indeed, significant advances and improvements have been made in various fundamental aspects for cutting-edge applications, such as water splitting and hydrogen production. However, the fairly low PEC efficiency of water decomposition by a semiconductor photoelectrode and photocorrosion seriously restrict the practical application of photoelectrochemistry. In this review, the mechanisms of PEC water decomposition are first introduced to provide a solid understanding of the PEC process and ensure that this review is accessible to a wide range of readers. Afterwards, notable achievements to date are outlined, and unique approaches involving promising semiconductor materials for efficient PEC hydrogen production, including metal oxide, sulfide, and graphite-phase carbon nitride, are described. Finally, four strategies which can effectively improve the hydrogen production rate—morphological control, doping, heterojunction, and surface modification—are discussed.