EHV Transmission Market is Expected to grow at a robust CAGR of 5.87% through 2030F

EHV Transmission market is increasing due to the rising need for efficient long-distance power transmission and large-scale renewable energy integration during the forecast period 2026-2030F.   

According to TechSci Research report, “EHV Transmission Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, The Global EHV Transmission Market was valued at USD 2.23 billion in 2024 and is expected to reach USD 3.17 billion by 2030 with a CAGR of 5.87% during the forecast period.

The increasing focus on grid resilience and reliability is a major driver of the Extra High Voltage Transmission Market, as utilities and governments prioritize infrastructure capable of withstanding disruptions from extreme weather, cyberattacks, and equipment failures. EHV transmission systems, with their high capacity and efficiency, are critical for ensuring stable power delivery under challenging conditions.

The growing frequency of extreme weather events, such as hurricanes and heatwaves, is exposing vulnerabilities in aging grids, necessitating robust EHV infrastructure to minimize outages and maintain supply continuity. For instance, EHV lines are designed to handle high fault currents and provide redundancy, reducing the risk of cascading failures. The rise of critical infrastructure, such as data centers and healthcare facilities, which require uninterrupted power, further drives demand for reliable EHV systems.

Governments are implementing stricter regulations to enhance grid resilience, prompting utilities to invest in EHV upgrades to meet compliance and performance standards. Additionally, the integration of advanced technologies, such as HVDC (High Voltage Direct Current) systems within EHV frameworks, enhances grid stability by enabling precise power flow control. The economic impact of power outages, which can cost billions annually, is pushing investments in EHV infrastructure to ensure operational continuity. As the global energy landscape evolves, with increasing reliance on digital and electrified systems, the Extra High Voltage Transmission Market is experiencing strong growth, driven by the need for resilient, high-performance transmission networks.

In 2023, global power outages caused USD180 billion in economic losses, per the U.S. Department of Energy. EHV transmission projects, with USD110 billion invested in 2024, supported 70% of grid resilience initiatives, adding 5,000 kilometers of high-capacity lines to enhance reliability.

One of the most pressing challenges in the Extra High Voltage transmission market is the technological complexity associated with designing, deploying, and maintaining such advanced infrastructure, particularly when integrating it with existing legacy systems. As national and regional grids become more interconnected and diverse, aligning new Extra High Voltage transmission components with decades-old power distribution and control systems presents both operational and engineering challenges.

Legacy grids in many countries were not designed for the bi-directional energy flow and high-capacity transmission facilitated by Extra High Voltage networks. This often leads to compatibility issues, voltage imbalance, reactive power challenges, and increased system losses if integration is not carefully managed. Upgrading substations, implementing real-time control systems, and ensuring synchronization with supervisory control and data acquisition platforms requires coordinated efforts between equipment manufacturers, utilities, and regulatory agencies. Additionally, the dynamic nature of modern energy demand—driven by renewable energy variability and electric vehicle adoption—requires Extra High Voltage systems to be not just scalable, but also flexible and intelligent.

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Based on By End-Use Industry, the utilities segment dominated the Extra High Voltage Transmission market and is expected to maintain its dominance throughout the forecast period. This segment’s leadership position can be attributed to the fundamental role that utility companies play in national and regional power transmission infrastructure. Utilities are primarily responsible for the development, operation, and maintenance of high-voltage transmission networks that transport electricity over long distances from generation sources to distribution networks and end-users. The growing demand for stable and reliable electricity supply, particularly in urban and industrial zones, has compelled utilities to invest significantly in upgrading existing grids and establishing new transmission corridors using extra high voltage systems. The integration of renewable energy sources such as solar, wind, and hydroelectric power into national grids further necessitates high-capacity and long-distance power transmission, reinforcing the relevance of extra high voltage transmission in the utility sector. Government mandates and policy frameworks supporting energy security, sustainability, and grid resilience are also pushing utilities to adopt advanced transmission technologies. Furthermore, utilities have better access to financing, technical expertise, and regulatory approvals compared to other end-use segments, enabling them to implement large-scale projects in shorter timeframes. Projects such as cross-border interconnectors, regional grid enhancements, and ultra-high voltage expansion in countries like China, India, and Germany are predominantly led by utilities, reinforcing their central role in the market. Additionally, smart grid initiatives and digital substation developments are being spearheaded by utilities to increase grid efficiency, operational visibility, and predictive maintenance, further amplifying their investments in extra high voltage transmission infrastructure. While industrial and commercial end-users contribute to demand, especially in energy-intensive sectors, they typically rely on utility-operated networks rather than developing independent transmission infrastructure. Therefore, with rising electricity consumption and ongoing efforts to modernize the grid, the utilities segment is poised to retain its dominant position in the Extra High Voltage Transmission market.

Europe emerged as the fastest-growing region in the Extra High Voltage Transmission market in 2024 and is projected to maintain this growth trajectory during the forecast period. This rapid advancement is primarily driven by the continent's aggressive renewable energy targets, decarbonization policies, and cross-border energy integration strategies under the European Green Deal and related frameworks. Countries such as Germany, the United Kingdom, the Netherlands, and Denmark are making significant investments in offshore wind energy, which requires advanced Extra High Voltage Transmission infrastructure—particularly submarine and underground high-capacity cables—to transmit electricity from remote offshore installations to mainland grids efficiently. Europe’s focus on interconnecting national grids to facilitate seamless power trade and enhance energy security is also fueling the demand for Extra High Voltage Transmission systems. Initiatives like the North Sea Wind Power Hub and large-scale HVDC interconnectors such as Viking Link and the Eastern Green Link are exemplars of the region's forward-looking energy transmission strategies. Moreover, the European Union has established a robust regulatory environment with financial support mechanisms through the Connecting Europe Facility and the European Investment Bank, enabling accelerated deployment of transmission infrastructure. In addition, advancements in technology and strong collaborations between transmission system operators and equipment manufacturers in Europe have led to the development of innovative Extra High Voltage solutions, such as high-efficiency transformers, gas-insulated switchgear, and compact substations. The continent’s emphasis on grid modernization, electrification of transport, and integration of decentralized energy sources further strengthens the demand for resilient and scalable high-voltage networks. Furthermore, the increasing participation of private-sector players and public-private partnerships has resulted in faster project execution and financing for Extra High Voltage Transmission projects. With its comprehensive policy support, technological expertise, and substantial investments in energy infrastructure, Europe continues to outpace other regions, positioning itself as the fastest-growing market for Extra High Voltage Transmission systems.

Key market players in the Global EHV Transmission market are: -

• Siemens Energy AG
• General Electric Company (GE Grid Solutions)
• Hitachi Energy Ltd.
• ABB Ltd.
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Toshiba Energy Systems & Solutions Corporation
• Hyundai Electric & Energy Systems Co., Ltd.
• Nexans S.A.
• Prysmian Group

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“The EHV Transmission market is poised for significant growth in the coming years due to rising global electricity demand, integration of large-scale renewable energy sources, and expansion of cross-border transmission networks. Governments and utilities are increasingly investing in grid modernization and resilient infrastructure to support decarbonization and electrification goals. Technological advancements, including high-efficiency transformers and digital substations, will further drive adoption. Additionally, supportive policies, growing industrialization, and infrastructure development in emerging economies will contribute to market expansion. As energy transition accelerates globally, Extra High Voltage Transmission systems will play a critical role in enabling stable, long-distance power delivery.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“EHV Transmission Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Voltage Level (220 kV–330 kV, 331 kV–500 kV, Above 500 kV), By Installation Type (Overhead Transmission, Underground Transmission, Submarine Transmission), By End-Use Industry (Utilities, Industrial, Commercial, Infrastructure), By Region, and By Competition, 2020-2030F,” has evaluated the future growth potential of Global EHV Transmission Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global EHV Transmission Market.

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