Where precision is paramount in managing temperature and fluid dynamics, micro heat exchangers (MHXs) emerge as indispensable tools. This review investigates the significance of MHX technology, offering readers a comprehensive roapmap from conceptualization to market application. We dissect the nuances of material selection, shedding light on cutting‐edge advancements poised to revolutionize MHX efficiency. Furthermore, we explore how the geometry of MHX influences heat transfer dynamics and pressure drop, providing insights into enhancing the overall effectiveness. We delve into the various types of control instrumentation, offering a detailed analysis of their applicability. Beyond the technical prowess, the economic landscape plays a pivotal role in the adoption of MHX technology.