Fractional order (FO) element (FOE) is the building block for realization of FO systems, an important research domain. However, the realization of FO system is still a challenge. Till date, no FOE or fractor is available in the market. However, many researchers have developed various types of FOE, multi-component and single component, over past 50 years or more. This paper reviews some significant research work, along with their success and limitations, in the field of FOE realization. Also, it discusses the chronological development and a brief comparative study to present an overall idea on current stage of FOE research to the readers.