According to the TechSci Research report titled “EHV Transmission Market – Global Industry Size, Share, Trends, Competition Forecast Opportunities, 2020–2030F”, the Global Extra High Voltage (EHV) Transmission Market was valued at USD 2.23 billion in 2024 and is projected to reach USD 3.17 billion by 2030, growing at a CAGR of 5.87% during the forecast period. This growth is fueled by a rising global emphasis on grid resilience, reliability, and the integration of renewable energy sources into national power systems.
Key Market Drivers
One of the primary factors propelling the EHV transmission market is the increasing demand for infrastructure that can support stable, long-distance power delivery under adverse conditions. With the growing frequency of extreme weather events such as heatwaves, hurricanes, and wildfires, many existing power grids are proving inadequate. EHV transmission systems—designed for high capacity and robust fault tolerance—offer a strategic solution to reduce power outages and mitigate cascading failures.
Utilities and governments worldwide are prioritizing investments in resilient infrastructure that can handle modern power demands and withstand disruptions caused by natural disasters, cyberattacks, and equipment failures. The need for reliable, high-efficiency transmission networks is particularly critical in regions experiencing rapid urbanization and increased reliance on digital technologies and electrified systems, such as data centers, hospitals, and transportation networks.
As a result, regulatory frameworks are being updated globally to enhance grid performance and security. These regulations are driving utilities to modernize and expand their transmission infrastructure with EHV systems. Additionally, the growing deployment of High Voltage Direct Current (HVDC) technology within EHV networks is enhancing power flow control and minimizing transmission losses across long distances.
According to the U.S. Department of Energy, global power outages resulted in approximately USD 180 billion in economic losses in 2023. In response, more than USD 110 billion was invested in EHV transmission projects in 2024, supporting over 70% of grid resilience initiatives and adding nearly 5,000 kilometers of high-capacity lines globally.
Integration Challenges and Technological Complexity
Despite the many advantages, one of the key challenges facing the EHV transmission market is the technological complexity of designing and integrating these advanced systems with legacy grid infrastructure. Many national grids were built decades ago and were not intended to support the bi-directional power flows or the high capacities enabled by modern EHV systems.
This misalignment can lead to voltage instability, reactive power imbalances, and increased system losses unless addressed through extensive upgrades. Substation modernization, grid synchronization, and real-time monitoring systems are essential to successfully integrate EHV systems with existing infrastructure. These upgrades require coordinated efforts between transmission system operators, utility providers, equipment manufacturers, and regulatory authorities.
Moreover, the increased variability in energy demand and supply—largely driven by the growing penetration of renewable energy sources and electric vehicles—necessitates that EHV systems be highly flexible, scalable, and intelligent. Advanced digital tools and grid automation technologies are thus becoming integral components of modern EHV solutions.
Segment Insights: Utilities Leading the Way
Among the various end-use industries, the utilities segment currently dominates the global EHV transmission market and is expected to maintain its leadership position through 2030. Utilities are the backbone of national energy infrastructure, responsible for developing, operating, and maintaining high-voltage transmission networks that transport electricity from power generation sites to distribution networks and end consumers.
The increasing demand for uninterrupted electricity supply—particularly in densely populated urban centers and industrial zones—has led utility companies to ramp up investments in grid expansion and upgrades. The integration of renewable energy sources such as wind, solar, and hydroelectric power into national grids also requires transmission systems that can handle high-capacity, long-distance electricity transfer. EHV infrastructure plays a pivotal role in facilitating this energy transition.
Moreover, utilities are well-positioned to manage large-scale projects due to their access to capital, technical expertise, and regulatory support. Government policies aimed at enhancing energy security, modernizing infrastructure, and promoting sustainable energy sources further incentivize utility investments in EHV systems.
Across countries such as China, India, and Germany, utility-led projects—ranging from ultra-high voltage corridors and smart grid developments to cross-border interconnectors—are driving demand for advanced transmission technologies. Additionally, the implementation of digital substations and predictive maintenance tools is enabling utilities to improve operational efficiency and network reliability, reinforcing their dominance in the EHV transmission space.
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Regional Outlook: Europe as the Fastest-Growing Market
Europe emerged as the fastest-growing region in the global EHV transmission market in 2024, a trend expected to continue over the forecast period. This momentum is largely attributed to the region’s ambitious renewable energy targets, stringent decarbonization goals, and cross-border electricity integration initiatives.
Under the European Green Deal and related policy frameworks, countries such as Germany, the United Kingdom, Denmark, and the Netherlands are heavily investing in offshore wind farms and large-scale renewable energy projects. These developments necessitate advanced EHV infrastructure—including submarine and underground cables—to efficiently transmit electricity from remote locations to population centers.
Europe’s commitment to regional energy cooperation is also spurring the development of interconnector projects, such as Viking Link and the North Sea Wind Power Hub, which rely on EHV and HVDC systems to enable seamless electricity trade and ensure grid stability across national borders.
The European Union’s regulatory and financial support—via programs like the Connecting Europe Facility and the European Investment Bank—has accelerated the deployment of critical energy infrastructure. Meanwhile, collaboration among transmission system operators, equipment providers, and research institutions is fostering the development of next-generation EHV components such as gas-insulated switchgear, compact substations, and high-efficiency transformers.
Europe’s focus on electrifying transport, integrating decentralized energy resources, and modernizing grid infrastructure continues to drive substantial investments in high-voltage transmission. The growing participation of private players and public-private partnerships has further streamlined project execution and funding.
As a result, Europe stands out as the most dynamic and fastest-growing regional market for EHV transmission, underpinned by strong policy support, innovation, and infrastructure investment.
Conclusion
The Global EHV Transmission Market is entering a new era of growth, driven by rising energy demands, grid modernization, and the integration of clean energy sources. As climate challenges intensify and digital infrastructure expands, the need for resilient, high-capacity transmission systems becomes increasingly critical. With utilities leading adoption, and regions like Europe setting ambitious goals, the EHV market is well-positioned to play a central role in shaping the future of global energy infrastructure.
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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