SWOT Analysis of Duke Energy

Duke Energy is a natural gas and electric power service providing American company. Benjamin Newton Duke and James Buchanan Duke founded the company in 1904. Today, we’ll discuss the SWOT analysis of Duke Energy; it outlines strengths and weaknesses; opportunities, and threats that the company has to face; as a business strategy analysis example company.

Products and services portfolio of Duke Energy

• Natural gas
• Energy distribution and transmission
• Electric power generation

Subsidiaries of Duke Energy

• Duke Energy One
• Sustainable Solutions Duke Energy
• International Duke Energy
• Retail Duke Energy
• Renewables Duke Energy

Statistical facts and figures of Duke Energy

• Annual revenue: 29.06 billion USD (2023)
• Net income; 2.735billion USD (2023)
• Employees: 27000
• Asset net worth. 176.9 billion USD (2023)

Competitors of Duke Energy

• PG&E
• Public Service Enterprise Group
• Siemens Gamesa
• Qualitrol
• CenterPoint Energy
• Tennessee Valley Authority
• APR Energy
• Entergy
• American Electric Power

The SWOT analysis of Duke Energy would analyze the internal strengths and weaknesses of the company; and external opportunities and threats that the brand has to face. Here’s Duke Energy SWOT analysis as a business strategy analysis example company as follows;

Strengths of Duke Energy

Some of the main internal strengths in the Duke Energy SWOT analysis example company as business strategy analysis are as follows;

Large Network

Duke Energy has established a very large market network comprising of approximately 8.2 billion users in 6 states across the USA. Out of which, the company offers gas service to 1.5 million customers in the four states. The large market network shows the company’s large market infrastructure in the US market.

Portfolio

Duke Energy has a very large and diversified energy product and service portfolio. It comprises of oil, natural gas, renewable energy, nuclear, and coal. The large energy product portfolio helps the company to serve various segments of the customer market.

Awards & Recognition

Duke Energy has earned various awards and brand recognition over the years. It shows the company’s strong commitment to the customer market; some of them are as follows;

• Ig Nobel Prize in Economics
• 50 Best Employers in America by Business Insiders

Power Portfolio

Duke Energy has developed a very large energy power portfolio. The company generates energy from various sources; renewable resources, nuclear, hydro, thermal, and others. The diversified energy portfolio helps the company to target various segments of the customer market.

Solid Finances

Duke Energy has a strong financial position comprising of asset net worth of approximately 176 billion USD in 2023. The strong financial position helps the energy brand handle any type of market disruption and take on various new research and tech upgrade ventures.

Weaknesses of Duke Energy

Some of the main internal weaknesses in the Duke Energy SWOT analysis example company as business strategy analysis are as follows;

Limited Market Share

Duke Energy has a limited market share in the global market. The energy company is heavily relying on the US market as its main source of revenue, network, and profitability. High reliance on one market is not a good business and market strategy.

Environmental Issues

Duke Energy is facing various types of violations of environmental standards and regulations. The consumer market has become highly cautious about environmental sustainability and the protection of natural resources. The non-compliance of environmental regulations is jeopardizing the company’s reputation and brand image.

Opportunities for Duke Energy

Some of the main available opportunities in the Duke Energy SWOT analysis example company as business strategy analysis are as follows;

Market Expansion

Duke Energy should expand its gas and energy business into new regions, countries, and markets across the world. The global market holds great growth potential for the energy business, and it would help the company to increase its market network and sales.

Portfolio Expansion

Along with market expansion, Duke Energy should expand its product and business portfolio by launching renewable energy services to the customers. It allows the company to target an environmentally friendly customer market share and increases its sales.

Strategic Alliance

Duke Energy should develop strategic alliances with other businesses and companies. The joint venture and collaboration of resources would help the company amplify its market network and strengthen its position in the energy market.

Threats to Duke Energy

Some of the main potential threats in the Duke Energy SWOT analysis example company as business strategy analysis are as follows;

Competition

Duke Energy is facing tough competition from competitive brands like American Electric Power, APR, and Entergy. They all have established a strong market share in the energy sector and a very loyal database of customers. Their market presence is negatively impacting the sales, network, and profitability of the company.

Regulations

Duke Energy should comply with environmental regulations and generate energy through renewable sources. It allows the company to win the trust and confidence of the customers market and maintain its position in the market.

Conclusion: Duke Energy SWOT Analysis Example Company |SWOT Analysis of Duke Energy |Business Strategy Analysis

After an in-depth study of the swot analysis of Duke Energy; we have realized that Duke Energy is the leading American energy-providing company. If you are learning about Duke Energy SWOT analysis example company; then you should keep in mind the abovementioned internal strengths and weaknesses; external opportunities and threats as brand strategy analysis.

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