This study reviews gas engine-driven heat pump (GEHP) systems for residential and industrial applications in terms of energetic and exergetic aspects for the first time to the best of the authors' knowledge. These systems are novel heat pump systems (one of today's promising new technologies). Although the first investigations had been performed at late 1970s, the first merchandized GEHP was produced and introduced in the market in 1985. Gradually, it has become widespread all over the world for various purposes. Main application of GEHPs are for space and water heating/cooling purposes. However, they call be integrated to industrial applications, especially to drying processes.