A microchannel heat exchanger with a triangular wave and symmetrical triangular wave structure was proposed in this paper. In addition, a new N-type microchannel heat exchanger was developed to balance the heat transfer performance and pressure drop. The relationship between different configurations of the N structure of the microchannel and the heat transfer performance was analyzed. The results showed that, at a high inlet flow rate, the symmetrical triangular wave microchannel had the best heat transfer performance, followed by the triangular wave microchannel and the straight channel. At the same flow rate, the degree of disturbance of the fluid was highest in the symmetrical N-structure microchannel, and an excellent heat transfer effect was observed.