|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 2.23 billion
|
|
Market Size (2030)
|
USD 3.17 billion
|
|
CAGR (2025-2030)
|
5.87%
|
|
Fastest Growing Segment
|
Submarine Transmission
|
|
Largest Market
|
Asia Pacific
|
Market Overview
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 Extra High Voltage
(EHV) Transmission market refers to the industry segment focused on the
development, installation, and maintenance of electrical infrastructure capable
of transmitting power at voltage levels typically above 220 kilovolts (kV),
including 330 kV, 400 kV, 500 kV, and even beyond. These transmission systems
are essential for transporting large quantities of electricity over long
distances with minimal losses, making them a critical component of national and
regional grid infrastructure. EHV transmission systems utilize advanced
components such as transformers, switchgear, transmission lines, insulators,
and control systems to handle high loads while maintaining system stability and
safety.
The EHV
Transmission market is witnessing strong growth, driven by a combination of
increasing global energy demand, the integration of renewable energy sources,
and the need to upgrade aging grid infrastructure. As countries transition
toward cleaner energy sources like wind, solar, and hydroelectric power—often
located in remote areas far from consumption centers—there is a rising
requirement for robust and efficient EHV networks to transmit this energy to
urban and industrial zones. In addition, many countries are expanding their
cross-border transmission capabilities, particularly in regions like Europe and
Asia-Pacific, to improve energy security and create interconnected power
markets.
Governments and
utilities are heavily investing in modernizing existing transmission
infrastructure to enhance efficiency, reliability, and grid resilience. The EHV
Transmission market is also benefitting from advancements in technology, such
as the development of high-efficiency conductors, digital monitoring systems,
and gas-insulated switchgear, which enable better control and management of
high-voltage networks. Moreover, policies supporting grid expansion and
electrification—especially in developing economies—are creating new
opportunities for EHV transmission projects.
In the coming
years, the EHV Transmission market is expected to rise steadily, fueled by
rising electricity consumption, the global push toward decarbonization, and the
urgent need for grid modernization. With increasing support from both public
and private sectors, the market will play a vital role in shaping the future of
global power infrastructure.
Key Market Drivers
Surging Global Electricity
Demand
The Extra High Voltage
(EHV) Transmission Market is experiencing robust growth driven by the surging
global demand for electricity, fueled by rapid urbanization, industrialization,
and the proliferation of energy-intensive technologies. As populations grow and
urban centers expand, particularly in emerging economies like India and China,
the need for reliable, high-capacity power transmission systems intensifies.
EHV transmission lines,
operating above 345 kV, are critical for transporting large volumes of
electricity over long distances with minimal losses, making them indispensable
for meeting escalating energy needs. The rise of data centers, electric
vehicles, and smart cities further amplifies electricity consumption, requiring
robust transmission infrastructure to ensure stable supply. For instance, the
integration of renewable energy sources, often located in remote areas,
necessitates EHV systems to connect these sources to urban load centers.
Governments and utilities
are investing heavily in expanding and upgrading transmission networks to
support economic growth and energy security. Additionally, the push for
electrification in sectors like transportation and heating, coupled with the
adoption of energy-intensive technologies such as artificial intelligence and
high-performance computing, is straining existing grids, driving demand for EHV
solutions. The need to reduce transmission losses, which can account for
significant energy wastage in lower-voltage systems, further underscores the
importance of EHV infrastructure.
Regulatory frameworks
promoting energy efficiency and sustainability are also encouraging utilities
to adopt EHV technologies to optimize power delivery. As global electricity
consumption continues to rise, driven by technological advancements and socio-economic
development, the EHV Transmission Market is poised for sustained expansion,
supported by the critical need for efficient, high-capacity power transmission
systems to meet modern energy demands.
In 2024, global electricity
consumption reached 26,000 terawatt-hours (TWh), a 2.8% increase from 2023,
according to the International Energy Agency (IEA). Emerging economies
accounted for 60% of this growth, with EHV transmission projects absorbing USD200
billion in investments to support a 15% rise in long-distance power
transmission capacity.
Integration of Renewable
Energy Sources
The integration of
renewable energy sources into power grids is a pivotal driver of the Extra High
Voltage Transmission Market, as these sources require efficient, long-distance
transmission to deliver power from remote generation sites to consumption centers.
Renewable energy projects, such as offshore wind farms and large-scale solar
installations, are often located far from urban areas, necessitating EHV
transmission lines to transport electricity with minimal losses.
The global push for carbon
neutrality, with countries committing to ambitious renewable energy targets, is
accelerating investments in EHV infrastructure to support the integration of
wind, solar, and hydroelectric power. For example, Europe’s offshore wind
capacity and Asia’s solar farms rely heavily on EHV systems to connect to
national grids. These systems, operating at voltages above 345 kV, offer
superior efficiency compared to lower-voltage alternatives, making them ideal
for handling the variable and distributed nature of renewable energy. The
intermittency of renewables also requires robust grid infrastructure to ensure
stability, further driving demand for EHV transmission.
Governments are supporting
this transition through policies and subsidies, such as the European Union’s
Green Deal and China’s renewable energy expansion plans, which prioritize
high-capacity transmission networks. Additionally, the rise of cross-border energy
trading, particularly in regions like Europe and Southeast Asia, is increasing
the need for EHV interconnectors to facilitate efficient power exchange. The
complexity of balancing renewable energy inputs with grid reliability
underscores the critical role of EHV systems. As renewable energy capacity
continues to grow, the Extra High Voltage Transmission Market is expected to
expand significantly, driven by the need to bridge the gap between remote
generation and urban demand.
The International Renewable
Energy Agency (IRENA) reported that global renewable energy capacity reached
4,200 gigawatts (GW) in 2024, with 65% of new installations requiring EHV
transmission lines. Investments in renewable grid integration totaled USD180
billion, with 70% allocated to EHV infrastructure projects.
Grid Modernization and
Upgradation Initiatives
Grid modernization and
upgradation initiatives are significantly propelling the Extra High Voltage
Transmission Market, as aging power infrastructure struggles to meet the
demands of modern energy systems. Many transmission networks, particularly in
developed regions like North America and Europe, were built decades ago and are
ill-equipped to handle increased loads, renewable energy integration, and
advanced grid technologies. EHV transmission systems, with their ability to
transmit large volumes of power efficiently, are central to these modernization
efforts.
Governments and utilities
are investing in smart grid technologies, which require high-voltage
infrastructure to support real-time monitoring, automation, and fault
management. For instance, the deployment of EHV lines enables the integration
of digital substations and advanced sensors, enhancing grid reliability and
efficiency. The rise of microgrids and distributed energy systems also
necessitates EHV interconnectors to ensure seamless power flow between
localized and central grids.
Regulatory mandates aimed
at reducing transmission losses and improving energy security are driving
utilities to replace outdated lines with EHV systems, which offer lower
resistive losses and higher capacity. The increasing penetration of electric
vehicles and their charging infrastructure further strains existing grids,
requiring EHV upgrades to accommodate higher power demands. Emerging economies,
undergoing rapid industrialization, are also prioritizing EHV infrastructure to
support growing urban centers. As grid modernization accelerates globally,
driven by technological advancements and policy support, the Extra High Voltage
Transmission Market is experiencing strong growth, fueled by the need for
resilient, future-ready power systems.
In 2024, global smart grid
investments reached USD130 billion, a 14% increase from 2023, per the World
Bank. EHV transmission upgrades accounted for 55% of these investments, with
4,500 kilometers of new EHV lines commissioned globally to enhance grid
efficiency.
Rising Cross-Border Energy
Trading
The rise of cross-border
energy trading is a key driver of the Extra High Voltage Transmission Market,
as countries increasingly seek to share power resources to enhance energy
security and optimize costs. EHV transmission lines, capable of transmitting large
volumes of electricity over long distances with minimal losses, are essential
for interconnecting national grids and facilitating efficient power exchange.
Regions like Europe,
Southeast Asia, and Africa are witnessing a surge in cross-border transmission
projects, driven by the need to balance supply and demand across borders. For
instance, Europe’s interconnected grid enables countries to share renewable energy,
such as Norway’s hydroelectric power and Germany’s wind energy, through EHV
interconnectors. Similarly, initiatives like the ASEAN Power Grid are driving
EHV investments in Asia to support regional energy trading.
These high-voltage systems
ensure reliable and cost-effective power transfer, reducing dependence on local
generation and enhancing grid stability. The liberalization of energy markets
and international agreements on climate goals are further encouraging
cross-border infrastructure development. EHV transmission lines are also
critical for exporting surplus renewable energy from resource-rich regions to
energy-deficient areas, supporting global sustainability efforts.
The complexity of managing
cross-border power flows, coupled with the need for high-capacity, low-loss
transmission, underscores the importance of EHV systems. As global energy
markets become more interconnected, the Extra High Voltage Transmission Market
is poised for significant growth, driven by the demand for robust
infrastructure to support cross-border energy exchange.
In 2024, cross-border
electricity trade globally reached 800 TWh, a 10% increase from 2023, per the
International Energy Agency (IEA). EHV transmission lines facilitated 85% of
this trade, with USD90 billion invested in 3,200 kilometers of new cross-border
EHV interconnectors.

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Key Market Challenges
Financial Barriers Due to
Capital-Intensive Nature of EHV Transmission Projects
The Extra High Voltage
transmission market is inherently capital-intensive, posing a substantial
financial barrier that affects project planning, execution, and long-term
scalability. Developing an Extra High Voltage transmission network requires a
significant outlay of capital for advanced transmission infrastructure such as
Extra High Voltage transformers, high-capacity overhead or underground lines,
switchgear systems, insulators, protection devices, and monitoring
technologies. The cost of acquiring land, securing rights of way, performing
environmental assessments, and addressing legal or community compensations adds
multiple layers of financial obligation to any project.
The challenge is
particularly pronounced in emerging economies where government budgets are
limited, access to long-term financing is restricted, and public-private
partnerships remain underdeveloped. In such cases, even when demand for
high-capacity transmission systems is high, the inability to raise sufficient
capital delays project implementation. Moreover, these investments often have
long payback periods, sometimes spanning several decades, which reduces their
attractiveness to private investors and commercial banks that prioritize
quicker returns. Regulatory uncertainties, fluctuating currency exchange rates,
inflation, and political instability further increase the investment risks
associated with Extra High Voltage projects.
Even in developed
economies, navigating budget approvals for such large-scale infrastructure is
time-consuming. Utility companies are often constrained by rate-based
regulatory frameworks that may not immediately allow full cost recovery for
investments in modernized transmission systems. Projects that aim to span
cross-border regions also require multi-government coordination, introducing
additional financing complexities and risk-sharing challenges.
To address this problem,
strategic financial instruments such as green bonds, sovereign guarantees, and
infrastructure investment trusts must be adopted to attract institutional
investors. Moreover, multilateral development agencies and international banks
can play a crucial role in de-risking investments through concessional loans
and technical assistance. Without overcoming the financial challenges posed by
the high capital intensity of Extra High Voltage transmission networks, many
regions may face delays in scaling up their electricity infrastructure to meet
future demand and renewable energy integration goals.
Environmental Compliance
and Land Acquisition Constraints
Environmental compliance
and land acquisition remain formidable challenges in the implementation of
Extra High Voltage transmission projects. These projects typically span
hundreds of kilometers and require wide corridors that pass through forests,
farmlands, residential areas, and sometimes ecologically sensitive regions. As
a result, they face significant resistance from environmental groups, local
communities, and regulatory agencies concerned about habitat disruption,
deforestation, biodiversity loss, and long-term ecological imbalance.
Environmental regulations
across many regions, particularly in Europe and North America, have become
increasingly stringent. Transmission developers must conduct comprehensive
Environmental Impact Assessments and secure approvals from multiple agencies, a
process that can delay projects by several years. Even after obtaining
clearance, opposition from civil society organizations and legal challenges can
halt construction or force rerouting, further driving up costs and complexity.
In countries like India or Brazil, where biodiversity hotspots are prevalent,
the clearance process for transmission lines through forest zones or wildlife
sanctuaries is especially rigorous.
Land acquisition adds
another layer of complexity. High-voltage transmission lines require large
swathes of land and clearances that must comply with safety regulations
regarding electromagnetic field exposure and structural setbacks. Negotiating
with landowners, offering fair compensation, and managing resettlement or
rehabilitation processes require extensive community engagement and transparent
governance mechanisms. However, in many regions, especially developing nations,
the absence of a structured framework for stakeholder consultation results in
community dissatisfaction, protests, and legal complications.
Furthermore, urban
expansion and land scarcity increase the difficulty of finding suitable routes
for new Extra High Voltage corridors, especially in densely populated areas.
This is pushing some projects to consider underground or submarine routes, which,
although environmentally less invasive, are far more expensive and
technologically challenging.
Addressing these
environmental and land-related challenges requires a multi-pronged strategy.
This includes early-stage stakeholder engagement, environmentally sensitive
routing using geographic information system-based tools, integration of
community benefits into project planning, and transparency in compensation
frameworks. Only by streamlining environmental approvals and promoting socially
responsible development can the Extra High Voltage transmission market grow
sustainably and equitably.
Key Market Trends
Surge in Renewable Energy
Integration Driving EHV Transmission Demand
One of the most prominent
trends shaping the Extra High Voltage transmission market is the rapid global
shift toward renewable energy, which is significantly driving the need for
long-distance, high-capacity power transmission. With solar farms, wind parks,
and hydroelectric plants often situated in remote or offshore locations, there
is a critical need for robust transmission infrastructure capable of delivering
electricity over vast distances to population and industrial centers. Extra
High Voltage transmission systems, by design, minimize transmission losses and
offer enhanced capacity, making them indispensable for large-scale renewable
energy integration.
In regions such as Europe,
North America, and parts of Asia-Pacific, governments are aggressively pursuing
decarbonization goals that require massive renewable capacity additions. These
additions cannot be effectively utilized without complementary upgrades in
transmission infrastructure. Projects such as intercontinental wind energy corridors,
offshore wind farms, and solar mega parks are increasingly reliant on Extra
High Voltage lines for efficient energy transfer. The trend is further
supported by government funding and regulatory support for green
infrastructure, including incentives for grid modernization and low-carbon
technologies.
In addition, energy storage
systems, smart grids, and grid balancing solutions are being co-developed with
Extra High Voltage networks to handle the variability of renewable sources and
ensure reliability. This integration enables not only power transmission but
also advanced grid management, which is crucial for future energy resilience.
As renewable energy continues to expand globally, the Extra High Voltage
transmission market is expected to grow in parallel, evolving into a backbone
for sustainable energy distribution.
Cross-Border
Interconnection Projects Fueling Regional Energy Integration
A significant trend in the
Extra High Voltage transmission market is the rise of cross-border and
transnational grid interconnection projects. These large-scale initiatives are
enabling regional electricity trade, enhancing energy security, and supporting
renewable energy integration across national boundaries. Regions such as the
European Union, Southeast Asia, and the Gulf Cooperation Council are witnessing
a strong push toward grid synchronization and joint infrastructure development
through Extra High Voltage corridors.
In Europe, for example, the
European Network of Transmission System Operators for Electricity is promoting
interconnector projects linking countries such as France, Germany, the United
Kingdom, and Nordic nations. These projects enable countries with excess
renewable generation to export electricity during peak periods, while importing
power when needed, ensuring balanced supply-demand dynamics across the region.
Similarly, in Asia, countries like India, Nepal, Bhutan, and Bangladesh are
participating in joint grid development initiatives, with Extra High Voltage
systems forming the central transmission infrastructure.
These cross-border
collaborations are being enabled by multilateral financial institutions, such
as the Asian Development Bank and World Bank, which are providing funding and
technical expertise for Extra High Voltage network expansion. Moreover, transnational
grid infrastructure plays a crucial role in disaster resilience and redundancy,
as countries can rely on neighboring grids during emergencies.
As more nations seek to
reduce fossil fuel dependence and improve grid reliability, the role of Extra
High Voltage systems in facilitating regional energy integration will become
increasingly central. This trend is expected to continue, with additional projects
emerging in Africa and South America as part of efforts to strengthen regional
energy cooperation and develop unified electricity markets.
Transition Toward
Digitalized and Smart EHV Transmission Networks
The digital transformation
of power infrastructure is emerging as a key trend in the Extra High Voltage
transmission market, driven by the need for real-time monitoring, predictive
maintenance, and operational optimization. As power grids become more complex
due to decentralization, fluctuating renewable inputs, and diversified load
patterns, Extra High Voltage transmission systems are incorporating smart
technologies to ensure seamless operation and grid stability.
Advanced digital tools such
as Supervisory Control and Data Acquisition systems, Phasor Measurement Units,
and digital substations are increasingly being integrated into Extra High
Voltage transmission networks. These technologies enable utilities to monitor
line performance, voltage stability, power quality, and potential faults in
real time. By leveraging big data analytics, artificial intelligence, and
Internet of Things platforms, transmission operators can optimize load flow,
detect anomalies proactively, and make data-driven decisions to prevent outages
and reduce downtime.
Furthermore, cybersecurity
is gaining priority, as digitalization exposes power infrastructure to
potential threats. As a result, Extra High Voltage transmission systems are
being equipped with advanced cybersecurity frameworks to protect operational
technologies and ensure resilience against cyberattacks. The shift toward
remote asset management is also gaining momentum, particularly in vast or
difficult-to-access terrains, reducing operational expenditure and improving
maintenance efficiency.
The transition to smart
Extra High Voltage transmission infrastructure is being encouraged by
government policies, utility modernization programs, and international grid
codes that promote digital integration. This trend is expected to redefine the
way transmission networks operate, creating new benchmarks in efficiency,
safety, and responsiveness. Going forward, digitalization will not only enhance
grid intelligence but also strengthen the adaptability of Extra High Voltage
networks to future energy challenges.
Segmental Insights
Voltage Level Insights
In 2024, the segment
categorized under the voltage level range of 331 kilovolt to 500 kilovolt
emerged as the dominant category in the global Extra High Voltage transmission
market and is expected to maintain its leading position throughout the forecast
period. This dominance can be attributed to the optimal balance it offers
between power transfer capability and infrastructure investment, making it
highly suitable for long-distance, high-load power transmission across both
urban and rural areas.
The 331 kilovolt to 500
kilovolt range is particularly favored by utilities and transmission system
operators due to its ability to efficiently transmit bulk electricity over
extended distances while minimizing transmission losses and maintaining system reliability.
This voltage class is widely adopted in large-scale infrastructure projects,
especially in countries with expansive geographic areas such as the United
States, China, and India, where regional grids must be interconnected to meet
rising power demands and support renewable energy integration. Furthermore,
ongoing modernization and expansion of transmission grids, coupled with the
development of smart grid infrastructure, have led to increased deployment of
transmission lines and substations within this voltage range.
The 331 kilovolt to 500
kilovolt segment also benefits from well-established manufacturing capabilities
and standardized equipment designs, which facilitate streamlined project
implementation and cost efficiency. In regions like Europe and North America,
this voltage level is being increasingly used for cross-border interconnection
projects, enhancing grid stability and enabling regional electricity trade.
Additionally, the growing
emphasis on upgrading aging transmission infrastructure and accommodating the
intermittency of renewable energy sources such as wind and solar power has
accelerated investments in this voltage segment. As the demand for reliable,
resilient, and high-capacity power transmission continues to escalate globally,
the 331 kilovolt to 500 kilovolt segment is expected to remain at the forefront
of the Extra High Voltage transmission market, driven by its technical
advantages, economic feasibility, and strategic importance in future energy
networks.
Installation Type Insights
In 2024, the overhead
transmission segment dominated the global Extra High Voltage transmission
market by installation type and is expected to retain its dominance throughout
the forecast period. This segment continues to lead due to its cost-effectiveness,
ease of maintenance, and wide-scale adoption in both developed and developing
regions. Overhead transmission lines are more economical to install and expand
when compared to underground or submarine alternatives, especially over long
distances and challenging terrains. This makes them the preferred choice for
bulk power transmission across national grids and inter-regional corridors.
The relatively
straightforward design, coupled with established construction practices and
availability of standardized components such as towers, insulators, and
conductors, enables rapid deployment and scalability of overhead Extra High
Voltage infrastructure. Additionally, overhead lines offer superior cooling
characteristics, which contribute to higher power transfer capabilities and
improved system reliability. In countries such as China, India, the United
States, and Brazil, large-scale investments in grid expansion and renewable
energy integration have primarily relied on overhead transmission networks to
connect remote generation sites with demand centers.
Despite growing interest
in underground and submarine transmission methods for urban, environmentally
sensitive, or inter-island applications, these alternatives involve
significantly higher capital and operational expenditures, limiting their
adoption to specific use cases. Furthermore, overhead systems provide easier
access for inspection, maintenance, and repairs, ensuring faster fault
detection and restoration, which is crucial for high-voltage transmission
reliability.
The segment is also
witnessing technological advancements such as the use of high-temperature
low-sag conductors, advanced monitoring systems, and improved tower designs,
which enhance performance while reducing environmental and visual impacts. As
global demand for electricity continues to grow and governments focus on
strengthening grid infrastructure to support energy transition goals, overhead
transmission is expected to remain the backbone of the Extra High Voltage
transmission market due to its practical, economic, and operational advantages.
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Regional Insights
Largest Region
In 2024, the Asia Pacific region dominated the
global Extra High Voltage transmission market and is expected to maintain its
dominance throughout the forecast period. This leadership position is driven by
the region’s substantial investments in expanding and upgrading its
transmission infrastructure to meet rapidly growing electricity demand, driven
by industrialization, urbanization, and a shift toward renewable energy.
Countries such as China, India, Japan, and South Korea are at the forefront of
these developments.
China, in particular, has undertaken massive grid
expansion projects, including the deployment of ultra-high voltage alternating
current and direct current transmission lines that span thousands of kilometers
to connect remote renewable energy sources with major consumption centers.
India is also investing significantly in Extra High Voltage transmission
systems to improve grid reliability, reduce transmission losses, and support
nationwide renewable energy targets, particularly solar and wind energy integration
under its Green Energy Corridor initiative.
Moreover, the growing need to interconnect regional
grids for better load balancing, coupled with government policies encouraging
infrastructure modernization, is propelling demand for advanced transmission
technologies. The Asia Pacific region benefits from strong public sector
involvement and favorable regulatory frameworks that support long-term energy
infrastructure development. Rapid population growth and urban expansion across
Southeast Asian nations are further fueling electricity demand, requiring robust
Extra High Voltage networks to ensure uninterrupted power supply.
Additionally, the manufacturing capabilities of
countries within the region, especially in high-voltage equipment production,
contribute to the cost-effectiveness and scalability of regional projects. With
ongoing and planned initiatives to enhance energy access, promote cross-border
grid interconnections, and strengthen grid resilience against climate-related
disruptions, Asia Pacific is well-positioned to lead the global Extra High
Voltage transmission market in the years to come. Its combination of economic
scale, policy commitment, and technological advancement underpins its continued
dominance in this strategically vital sector.
Emerging Region
In the forecast period, the Middle East and Africa
region is emerging as a key growth area in the global Extra High Voltage
transmission market. This emergence is primarily driven by a combination of
rapid urban development, rising electricity demand, and large-scale investments
in renewable energy projects across various countries in the region.
Nations such as Saudi Arabia, the United Arab
Emirates, Egypt, and South Africa are spearheading substantial infrastructure
initiatives aimed at expanding and modernizing their power transmission
networks. The push toward energy diversification, particularly in the Gulf
Cooperation Council countries, is fostering the integration of solar and wind
energy into national grids, which in turn necessitates robust Extra High
Voltage transmission infrastructure to efficiently transport power over long
distances from generation sites in deserts or remote areas to urban load
centers.
Additionally, interconnection projects such as the
Gulf Cooperation Council Interconnection Authority, the Egypt-Sudan power
linkage, and the planned Africa Clean Energy Corridor are facilitating regional
electricity trade and improving energy security through grid synchronization,
thus fueling demand for Extra High Voltage solutions. Governments and public
utilities in the region are also adopting advanced grid technologies and
entering into partnerships with international engineering, procurement, and construction
firms to implement high-capacity, resilient transmission systems.
Furthermore, several countries are implementing
policy reforms to attract private investments and international funding into
their power sectors, creating new opportunities for Extra High Voltage
infrastructure development. As the region continues to undergo economic
diversification and industrial growth, particularly in sectors such as mining,
manufacturing, and desalination, the demand for reliable and efficient
electricity transmission will increase significantly. This rising need,
combined with ongoing geopolitical cooperation for transcontinental energy
connectivity and the adoption of smart grid technologies, positions the Middle
East and Africa as an emerging and strategically significant region in the
global Extra High Voltage transmission market during the forecast period.
Recent Developments
- In July 2024, Siemens Energy partnered with Dutch
TSO TenneT to decarbonise their shared supply chain. The initiative includes
the use of recycled copper in transformers and reducing raw-material carbon
footprints by 30 percent by 2030 a major step toward sustainable grid
infrastructure.
- In July 2024, the National Grid Corporation of the
Philippines energized the 552 km Balsik–Marilao–San Jose–Tayabas–Pagbilao
500 kV corridor, now the nation’s longest transmission line.
- In July 2024, Siemens Energy announced a
substantial expansion in its Grid Technologies division: hiring over 10,000 new
employees and allocating €1.2 billion for new factories and production capacity
across the United States, Europe, India, and other regions . Key elements
include scaling up transformer and switchgear manufacturing and enhancing
supply responsiveness for large-scale electrical infrastructure.
- In March 2024, Siemens Energy formalised a
strategic collaboration with Huadian Group in China. The partnership focuses on
grid transmission for offshore wind power, green hydrogen infrastructure, and
smart generation systems—further reinforcing Siemens Energy’s role in
low-carbon grid solutions
Key
Market Players
- 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
|
By Voltage Level
|
By Installation Type
|
By End-Use Industry
|
By Region
|
- 220 kV–330 kV
- 331 kV–500 kV
- Above 500 kV
|
- Overhead Transmission
- Underground Transmission
- Submarine Transmission
|
- Utilities
- Industrial
- Commercial
- Infrastructure
|
- North
America
- Europe
- South America
- Middle East
& Africa
- Asia Pacific
|
Report Scope:
In this report, the Global EHV Transmission Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- EHV Transmission Market, By
Voltage Level:
o 220 kV–330 kV
o 331 kV–500 kV
o Above 500 kV
- EHV Transmission Market, By Installation
Type:
o Overhead Transmission
o Underground Transmission
o Submarine Transmission
- EHV Transmission Market, By
End-Use Industry:
o Utilities
o Industrial
o Commercial
o Infrastructure
- EHV Transmission Market, By
Region:
o North America
§
United
States
§
Canada
§
Mexico
o Europe
§
Germany
§
France
§
United
Kingdom
§
Italy
§
Spain
o South America
§
Brazil
§
Argentina
§
Colombia
o Asia-Pacific
§
China
§
India
§
Japan
§
South
Korea
§
Australia
o Middle East & Africa
§
Saudi
Arabia
§
UAE
§
South
Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global EHV Transmission Market.
Available Customizations:
Global EHV Transmission Market report with
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company's specific needs. The following customization options are available for
the report:
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profiling of additional market players (up to five).
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