Water mist fire suppression technology has attracted an increasing interest from the field of fire protection services such as fire safety for buildings, ships, spacecraft, libraries and museums due to its non-toxic and high efficiency in the suppression of a wide variety of fires. To support the technological development of water mist fire suppression system and its application areas, this review introduces the concept of water mist system and discusses its suppression mechanisms in comparison with other fire protection systems. The recent application areas of water mist system are surveyed for class A fires involving combustible solid materials such as wood, paper and textiles; class B fires involving flammable liquids such as petrol, oils, lubricants, paints and waxes; class C fires involving flammable gasses such as natural gas and liquefied petroleum gas; fires involving electrical (class E) equipment such as computers and information technology facilities; and the class F fires involving flammable cooking oils and fats. Finally, the paper concludes the review by identifying the current research trends, and providing the future direction for water mist technology and applications.