The conversion of CO2 into chemical fuels, which can be stored and utilized through photocatalysis, represents an effective, environmentally friendly, and sustainable means to address both environmental concerns and energy shortages. CO2, as a stable oxidation product, poses challenges for reduction through light energy alone, necessitating the use of catalysts. Thus, a crucial aspect of CO2 photocatalytic reduction technology lies in the development of effective photocatalysts. Based on the basic principle of PCRR (photocatalytic CO2 reduction reaction), the review provides a detailed introduction to the core issues in PCRR process, including the relationship between band gap and catalyst reduction performance, effective utilization of photogenerated carriers, product selectivity, and methods for product analysis. Then, the recent research progresses of various photocatalysts are reviewed in the form of research examples combined with the above basic principles. Finally, this review summarizes and provides insights into the effective techniques for enhancing the photocatalytic activity of CO2, while also offering future prospects in this field.