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The enormous demand of energy and depletion of fossil fuels has attracted an ample interest of scientist and researchers to develop materials with excellent electrochemical properties. Among these materials carbon based materials like carbon nanotubes (CNTs), graphene (GO and rGO), activated carbon (AC), and conducting polymers (CPs) have gained wide attention due to their remarkable thermal, electrical and mechanical properties. On this account, the present review article summarizes the history of ESDs and the basic function of various types of ESDs. Further, the various nanomaterials used in energy storage devices for the past few years have also been discussed in detail. In addition, the future trend in the development of highly efficient, cost-effective and renewable energy storage materials have also been highlighted. Keywords: Batteries, Capacitor, Conducting polymer, Graphene, Energy devices