The condenser is a piece of equipment used to effectively transfer heat from water to the environment. The fin and tube condenser is the most commonly used in commercial applications. The improved performance of heat transfer in the fin and tube condenser is a significant area of study all over the world because optimizing the efficiency of heat transfer in the condenser will contribute to enhancing the effectiveness of system performance. The vapor deposition, plasma spray, and thermal spray techniques are being used, and it is determined that a heat transfer enhancing coating improves condenser performance. This review discusses the nanomaterial coating over the fin and tube condenser in detail. The various nanomaterial coatings with various propositions and coating methods had been discussed with the evidence of previous researchers. At a 50‐degree inclination angle on the condensate plate, the condensate over the coating surface increases by more than 30%. The thermal properties of the working fluid are improved over the condenser, and the overall effectiveness of the condenser is increased by approximately 40% over the non‐coated condenser. A 1% volumetric concentration of Nanoparticles in the coated material achieves a maximum efficiency increase of 78.7%.