The high-voltage (HV) assets in the existing power transmission network will experience increased electrical, thermal, environmental and mechanical stresses and, therefore, robust condition monitoring is critical for power system reliability planning. Fibre Bragg grating (FBG) sensors offer a promising technology in HV applications due to their immunity to electromagnetic interference and multiplexing capability. This paper reviews the current technology readiness levels of FBG sensors for condition monitoring of transformers, transmission lines, towers, overhead insulators and power cables, with the aim of stimulating further development and deployment of fibre-based HV asset management systems. Currently, there are several reported cases of FBG sensors used for condition monitoring of HV assets in the field, proving their feasibility for long-term use in the power grid. The review shows that FBG technology is versatile and can facilitate multi-parameter measurements, which will standardise the demodulation equipment and reduce challenges with integrating different sensing technologies.