Solid　oxide　fuel　cells　(SOFCs)　have　the　potential　to　be　used　in　energy　conversion　technology.　Most　of　the　studies　aimed　at　modifications　of　anode　concerning　various　issues　such　as　component　degradation,　sulfur　poisoning,　and　carbon　deposition　at　high　temperatures,　hindering　its　applications　at　the　industrial　level.　Different　perovskite　structure-related　compounds　are　discussed　in　this　article,　which　could　be　possible　electrode　materials　in　SOFCs.　Literature　also　revealed　the　successful　utilization　of　various　cathode　materials　in　a　wide　range　of　temperature　in　which　cobalt-based　materials　exhibits　higher　conductivity　than　cobalt-free　once.　The　selection　of　initial　composition,　dopants　addition　in　different　electrodes　with　critical　challenges　inherent　to　this　material　family　have　been　assessed　herein　which　play　a　vital　role　in　enhanced　electrochemical　performance.　The　other　aim　of　this　review　article　is　to　provide　some　useful　recommendations　and　prospective　directions　for　designing　future　electrode　materials　of　SOFCs.　The　review　analysis　is　done　based　on　different　processing　parameters　and　their　effect　on　thermal　expansion　coefficient,　electrical　conductivity,　mechanical　and　electrochemical　properties,　etc.　In　a　nutshell,　a　detailed　overview　is　critically　analyzed　for　energy　conversion　and　storage　applications,　which　can　open　many　gateways　towards　the　advancement　of　SOFCs.　©　2021　Elsevier　B.V.