Concentrated Photovoltaics (CPV) technology, as an energy saving method which can directly generate electricity from the Sun, has attracted an ever-increasing attention with the deepening worldwide energy crisis. However, operating temperature is one of the main concerns that affect the CPV system. Excess cell temperature causes electrical conversion efficiency loss and cell lifespan decrease. Thus, reasonable cooling methods should decrease the operating temperature and balance the flare inhomogeneity. They also need to display high reliability, low power consumption, and convenient installation. This paper presented the architectural, commercial, and industrial usage of CPV system, reviewed the recent research developments of different cooling techniques of CPV systems during last few years, including the spectral beam splitting technology, cogeneration power technology, commonly used and promising cooling techniques, active and passive cooling methods. It also analysed the design considerations of the cooling methods in CPV systems, introduced the classification and basic working principles and provided a thorough compilation of different cooling techniques with their advantages, current research limitations, challenges, and possible further research directions. The aim of this work is to find the research gap and recommend feasible research direction of cooling technologies for CPV systems.