The role played by nanofluids in industrial growth is highly significant, as their enhanced thermophysical property helped in energy-efficient thermal system design and the development of electronic chips with a greater number of components. [1,2] Fluids with suspended nanoparticles in them are referred to as nanofluids and are regarded as the heat transfer fluids of the next generation. [3] The nanofluid technology relies on the solid phases that can be found in the nanoscale dimension as its fundamental building blocks. Research in the field of nanofluids was initially sparked by the capability to produce nanoparticles of varying sizes and shapes that possessed a high surfaceto-volume ratio. Because of the increased convection between the nanoparticles in the liquid medium, issues of clogging and sedimentation, which are common in conventional microparticle suspensions, are avoided. [4] This, in turn, results in improved thermal conductivity, thermal diffusivity, and a high heat transfer coefficient. Nanofluids are a novel class of materials with exceptional stability and greater heat exchangeability, making them suitable for creating low-cost, lightweight, highly efficient heat transfer and thermal management systems that set them apart from other classes of materials. [4,5] The concentration of nanoparticles, temperature, pH, surfactants and the base fluid's viscosity is reported to significantly influence nanofluids' thermal diffusivity. [6][7][8] Nanoparticles of carbon, metals, oxides, ceramics, alumina, and polymers are commonly dispersed in an appropriate base fluid to create the nanofluid. [6,9,10] Among the nanoparticles used in thermal energy management, carbon and its allotropic forms stand out as being particularly noteworthy due to the ease with which they can be obtained, the flexibility with which they can be synthesized, their capacity to both trap and dissipate heat, and their ability to do so. [1,[11][12][13][14][15] Carbon nanotubes, also known as CNTs, are a carbon allotrope type with exceptional thermal, electrical, corrosion-resistant, and mechanical capabilities. [16][17][18][19] These features enable various forms of CNTs (single-walled (SW) and multiwalled (MW) CNTs) to be utilized in producing heat transfer fluids. Creating a stable CNT nanofluid suspension is one of the primary challenges that must be overcome when preparing nanofluid. The powerful van der Waals interaction and cohesive forces between the nanoparticles are to blame for the decrease in stability. The literature shows that a substantial amount of work has been done on CNT nanofluids.