The advancement of heat transfer techniques is a challenge to the researcher in this era. Implementation of nanotechnology is one of the potential techniques which enhance the heat transfer rate in a significant amount. Subsequently, nanotechnology can reduce the requirement of pumping power. However, suspension of nanoparticle with liquid to produce a new working fluid called nanofluid which has better thermal and fluid dynamic properties in comparison to pure liquid is introduced as a typical nanotechnology technique in the heat transfer area. In this study, the thermal performance of two categories of nanofluids metal-based (Cu-water and Ag-water) and oxide-based (Al 2 O 3 -water, CuO-water, BeO-water) with 1-5% volume fractions have been analysed for the laminar flow region of a circular tube which is fully developed under 2D control volume finite element method. The heat transfer was analysed for a range of Reynolds numbers from 100 to 1000 with a constant heat flux of 500 W/m 2 applied on the tube wall. For evaluating the performance among nanofluids, the Figure of Merits (FOM), pumping power, Nusselt number enhancement ratio, and heat transfer coefficient ratio of the base fluid and nanofluids have been calculated and compared. The computational results show that in terms of Nusselt number and heat transfer coefficient, all nanofluids provide higher enhancement compared to pure water. Meanwhile, for this higher enhancement, nanofluids required significantly lower pumping power in comparison to pure water. However, the power has been saved 86.26% for Ag-water nanofluid, 72.84% for Cu-water, 42.36% for CuO-water, 40.99% for Al 2 O 3 -water, and 26.58% for BeO-water. Between the mentioned two categories of nanofluids, metal-based nanofluids provide the highest heat transfer enhancement and lowest pumping power requirement compared to oxide-based because of their higher thermal conductivity and other fluid and