Energy is a key aspect of any country’s economic development. Improving heat transfer performance leads to saving energy. Nanotechnology has a key role to play in optimizing heat exchangers. Fluids containing nanosized particles are called nanofluids. Nanofluids have higher thermal conductivity than typical liquids. This paper outlines current research on convective heat transfer performance, thermophysical properties, particle size, and volume concentration effects in nanofluid studies. M easurement m ethods f ort h ermal conductivity and correlations used by earlier researchers to determine thermal conductivity are also encompassed. The main applications of nanofluids as liibricants a nd radiator systems to improve the efficiency of he at removal fr om ve hicle en gines ha ve al so be en emphasized. Results suggest that by using a larger size of particle some drawbacks include particle sedimentation, clogging, erosion, stability, and increasing pressure drop. Enhancing thermal conductivity with optimum volume concentration. Improving the efficiency of heat exchange systems is one of the possible ways to reduce energy consumption. The need for optimum concentration of nanofluids is required. The Problem of stability, corrosion, and erosion arrived by increasing the volume concentration of nanoparticles in a nanofluid.