The heat transfer enhancement and hydrodynamic characteristics of nanofluid use in a micro heat exchanger is investigated for cooling electronic components working in hot climatic conditions. The cooling fluid employed was water and TiO2 nanoparticles at mass concentrations of 1% and 5%, the Reynolds numbers ranged from 400 to 2000, and the inlet temperatures ranged between 35 °C and 65 °C. At a nanofluid inlet temperature of 55 °C and a nanoparticle concentration of 1%, the Nusselt number increased by 23% up to 54% as the Reynolds number varied between 400 and 2000. At a nanoparticle concentration of 5%, the percentages that correspondingly enhanced the Nusselt number were 32% and 63%. The temperature of the electronic heating component decreased by 4.6–5.2 °C when the nanofluid concentration was increased from 0 to 5% at a Reynolds number of 400 and a nanofluid inlet temperature of 35 °C. Small increments in the pressure drop of about 6% and 13% were observed at nanofluid concentrations of 1% and 5%, respectively. With nanoparticle concentrations of 1% and 5%, a Reynolds number of 2000, and a nanofluid inlet temperature of 35 °C, performance evaluation criterion (PEC) values of 1.36 and 1.45 were obtained. When the nanofluid inlet temperature increased to 65 °C, the PEC parameter decreased to 1.02–1.10 for both concentrations.