Electric devices has become a necessity in modern smart societies. The energy research community is continually exploring new solutions that can be employed as potential and reliable alternatives to satisfy future energy requirements in this context. Triboelectric/piezoelectric nanogenerators (TNGs/PNGs) are considered promising renewable energy harvesting technologies. TNGs/PNGs are gaining considerable research attention because of their advantages such as ease of fabrication, cost effectiveness, flexibility, lightweightness, long-term-durability, and excellent output performance. The TNGs/PNGs have enormous potential in harvesting energy from water waves (blue energy), airflow (wind energy), sound frequency (acoustic energy), vibrations/mechanical motions (such as body motions activities/sleeping), and in vivo body motions. These technologies are thus an "all-in-one package," which is a unique selling point. The advantage of this technology is that all sources are natural and abundant. This paper provides a review of the potential use of PNGs/TNGs and includes a description of the rise of nanogenerators, their underlying mechanisms, different materials used, various models, possible applications, and future prospects. Stored energy can be used to develop smart/informative technologies (as ultrasensitive sensors) and self-powered biomedical science. Owing to their considerable effects, these harvesting technologies are expected to dominate the future smart world.