In this paper, we review the emerging challenges and research opportunities for voltage control in smart grids. For transmission grids, the voltage control for accommodating wind and solar power, fault-induced delayed voltage recovery (FIDVR), and measurement-based Thévenin equivalent for voltage stability analysis are reviewed. For distribution grids, the impact of high penetration of distributed energy resources (DER) is analyzed, typical control strategies are reviewed, and the challenges for local inverter Volt-Var control is discussed. In addition, the motivation, state-of-art, and future directions of the coordination of transmission system operators (TSO) and distribution system operators (DSO) are also thoroughly discussed.