TransCanada SWOT Analysis
Here is a detailed SWOT analysis of TransCanada covering strengths, weaknesses, opportunities and threats.
TransCanada Strengths
- TransCanada’s strong market position resulting from its vast network of energy infrastructure network provides competitive strength, and helps it execute newer asset investment programs
- It has diverse energy generation assets (owns and controls 10,800 MW of power generation comprising a diverse but balanced portfolio) , which helps it develop its business further
- It has one of the largest natural gas storage facilities in west Canada, and aided by contracted third parties like CrossAlta, Edson etc., this has been a major contributor to TransCanada’s growth
- Over 4000 people work for the organization
- Its pipeline network is over 60,000 km
Above are the strengths in the SWOT Analysis of TransCanada. The strengths of TransCanada looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
TransCanada Weaknesses
- TransCanada earns major part of its revenue only from the North American market, and this exposes the company greatly to risks of this market, which can have a negative impact on its growth prospects
- TransCanada, as compared to its competitors, suffers from lack of scale in terms of power generating capabilities, revenue and number of employees which inhibits its ability to effectively compete with other large players in the industry
These were the weaknesses in the TransCanada SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
TransCanada Opportunities
- Increase in natural gas demand in North America (due to an increased demand for power) will help TransCanada capture investment opportunities and grow by involving in newer projects
- It has invested in strategic projects to scale up its “Clean Energy” Portfolio (of Renewable energy Assets) such as the Halton Hills Generating Station, Kibby Wind power project, Cartier Wind Project, acquisition of Ontario Solar Projects etc. which, in addition to improving its growth opportunities, will also enhance its Brand Image
- TransCanada’s HornRiver Pipeline project will provide a 2nd direct point of access to the growing shale gas supplies in northeast British Columbia, which will help connect new sources of gas supplies to the market, thereby reaping better profits for the company
Above we covered the opportunities in TransCanada SWOT Analysis. The opportunities for any brand can include prospects of future growth.
TransCanada Threats
- Intense competition from other players who have greater financial resources and access to supplies of natural gas can pose a challenge in the future to TransCanada
- Stringent environmental regulations such as the Canadian Govt.’s Regulatory Framework for Air Emissions would affect a number of facilities of TransCanada, and affect their existing operations, thereby imposing extra liabilities on the company
- Fluctuation in power and natural gas prices in the competitive, deregulated American market can and sometimes do affect the company’s efficiency and outputs
The threats in the SWOT Analysis of TransCanada are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the TransCanada SWOT analysis.
About TransCanada
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| TransCanada Overview | |
|---|---|
| Parent Company |
TransCanada |
| Category |
Oil and Gas |
| Sector | |
| Tagline/ Slogan |
In business to deliver |
| USP |
Leader in the responsible development and reliable operation of North American energy infrastructure |
| TransCanada STP | |
| Segmentation |
Corporates and individuals with energy requirements |
| Target Market |
Entities which require natural gas, LNG (Liquefied Natural Gas) and electricity |
| Positioning |
Engaged in the transmission and storage of natural gas, & in power generation |
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