Vanadium pentoxide (V2O5) is a transition metal oxide with features such as high availability, good catalytic activity, unique electrical properties and high conductivity which are appropriate for gas sensing applications. In this review, we discuss different gas sensing aspects of V2O5 in pristine, doped, decorated and composite forms. Depending on its synthesis procedure, morphology, sensing temperature and surface conditions, the V2O5-based gas sensors show different responses to target gases. Herein, we have discussed the behavior of V2O5-based gas sensors to different gases and associated sensing mechanisms. This review paper can be a useful reference for the researchers who works in the field of gas sensors.