The thermoelectric effect encompasses three different effects, i.e. Seebeck effect, Peltier effect, and Thomson effect, which are considered as thermally activated materials that alter directions in smart materials. It is currently considered one of the most challenging green energy harvesting mechanisms among researchers. The ability to utilize waste thermal energy that is generated by different applications promotes the use of thermoelectric harvesters across a wide range of applications. This review illustrates the different attempts to fabricate efficient, robust and sustainable thermoelectric harvesters, considering the material selection, characterization, device fabrication and potential applications. Thermoelectric harvesters with a wide range of output power generated reaching the milliwatt range have been considered in this work, with a special focus on the main advantages and disadvantages in these devices. Additionally, this review presents various studies reported in the literature on the design and fabrication of thermoelectric harvesters and highlights their potential applications. In order to increase the efficiency of equipment and processes, the generation of thermoelectricity via thermoelectric materials is achieved through the harvesting of residual energy. The review discusses the main challenges in the fabrication process associated with thermoelectric harvester implementation, as well as the considerable advantages of the proposed devices. The use of thermoelectric harvesters in a wide range of applications where waste thermal energy is used and the impact of the thermoelectric harvesters is also highlighted in this review.