Industry · municipality
Electrical Goods Retail in Voss: Current Status and Future Outlook
Analysis of the sector in Voss municipality with a focus on companies, economics, and development trends in 2025 and future potential for entrepreneurs and local decision-makers in Voss, Vestland.
Executive Summary
Electrical goods retail in Voss constitutes a small but dynamic sector with two registered companies. Over the past few years, sales have grown from 12.1 million NOK in 2016 to 50.3 million NOK in 2025, with an average annual growth of 14.5%. Employee development has been more fluctuating, with a peak of 12 employees in 2021 and stabilization around 10–11 employees after 2023. The sector shows potential for further growth, but with a competitive market structure and variation in financial results.
Economic Overview
Sales and Employee Development
Sales Development (2016–2025):
| Year | Sales (NOK) | Annual Growth |
|---|---|---|
| 2016 | 12.1M | - |
| 2017 | 30.2M | +149.9% |
| 2025 | 50.3M | +19.1% (2024→2025) |
Employee Development (2016–2026):
| Year | Number of Employees | Annual Growth |
|---|---|---|
| 2016 | 3 | - |
| 2021 | 12 | +9.1% (2020→2021) |
| 2026 | 11 | +0.0% (2025→2026) |
The sector has experienced strong growth periods, especially in 2017 and 2020, but has also experienced declines in 2022 and 2023. Employee development has been more stable, with an average annual growth of 2.3% from 2016 to 2021 before a reduction in 2022.
Companies in the Sector
Registered Companies
In Voss, there are 2 companies in the electrical goods retail sector:
- Power Norge As Avd Voss (Brynamoen 8, Voss)
- Legal Form: AS
- Founded: 1965
- Number of Employees: 11
- EBITDA: 0 NOK
- Sales: 0 NOK
- Tah Invest As (Lunden 10B, Voss)
- Legal Form: AS
- Founded: 1974
- Number of Employees: 0
- EBITDA: -25,000 NOK
- Sales: 0 NOK
Both companies are registered as AS, and there are no bankruptcy registrations for either. Tah Invest As shows negative results in 2024, which may indicate economic challenges.
Geographic Distribution
All companies in the sector are registered in Voss. There is 1 geographic unit with:
- 2 companies
- 11 employees
- 0 NOK in operating income
- 0 NOK in sales
There are no detailed figures for individual neighborhoods or locations in the municipality, but all activities are concentrated in central areas of Voss.
Business Dynamics and Bankruptcy Statistics
No companies in the sector are registered as bankrupt in recent years. However, Tah Invest As shows negative EBITDA values in 2024, which may indicate economic challenges. Power Norge As has not reported operating income or sales, which may indicate a closing process or missing financial data.
The sector shows a stable structure, but there is some variation in financial results between companies.
Future Outlook
Future Outlook for the Sector
The electrical goods retail sector in Voss shows potential for further growth, especially in light of the strong sales growth from 2016 to 2025. With an average annual growth of 14.5% and stabilization of the employee level around 10–11 employees, it may be possible to establish new companies in the sector.
However, it is important to be aware of the competition and the financial challenges shown by Tah Invest As. A thorough market analysis and financial planning will be necessary for new entrants.
Comparison with Agriculture
In Voss, there are 15 companies in agriculture, compared to 2 companies in electrical goods retail. Sales in agriculture have grown from 88.0 million NOK in 2016 to 138.1 million NOK in 2025, with an average annual growth of 4.9%. The employee level in agriculture has been more fluctuating, with a decline from 71 employees in 2016 to 55 employees in 2026.
Peer Companies in Agriculture (Top 3 by EBITDA):
| Company | Industry | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|
| Elkjøp Voss As | Electronics Store | 57.9M | 518,000 |
| Synsenteret Voss As | Optician Store | 12.7M | 2.7M |
| Hordaland Optometrie Og Kontaktlinseinstitutt As | Optician Store | 7.6M | 1.6M |
Agriculture has a broader company base, but electrical goods retail shows higher sales growth. This can be an advantage for new entrants in electrical goods retail, especially in a market segment that has grown more strongly.
Other companies in landbruk (not in electric goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Synsenteret Voss As | optical store | Sverresplassen 6, 5700 Voss | NOK 12.7M | 8 | NOK 2.7M |
| Hordaland Optometrie Og Kontaktlinseinstitutt As | optical store | Vangsgata 30, 5700 Voss | NOK 7.6M | 6 | NOK 1.6M |
| Elicom As | electronics store | Regimentsvegen 215, 5705 Voss | NOK 4.9M | 1 | NOK 680.0K |
| Elkjøp Voss As | electronics store | Strandavegen 335, 5710 Skulestadmo | NOK 57.9M | 16 | NOK 518.0K |
| C Optikk Voss As | optical store | Hardangervegen 25, 5705 Voss | NOK 4.1M | 6 | NOK 427.0K |
| Opal Invest As | optical store | Hagahaugvegen 12, 5705 Voss | NOK 1.3M | 3 | NOK 370.0K |
| Bergslien Kunstmuseum | audio equipment / musical instruments store | c/o Nils Torbjørn Kvamsdal|Skulestadhagane 9, 5710 Skulestadmo | NOK 0 | 0 | NOK 0 |
| Gb Hobby Og Multimedia Geir Brattebø | computer store | Høydalane 3, 5705 Voss | NOK 0 | 0 | NOK 0 |
| Lars Langen Fjose | optical store | Uttrågata 41, 5700 Voss | NOK 0 | 0 | NOK 0 |
| Shs Varmepumper Ans | electronics store | Bjørgabaret 41, 5709 Voss | NOK 0 | 0 | NOK 0 |
| Voss Helsebutikk As | optical store | Uttrågata 41, 5700 Voss | NOK 0 | 3 | NOK 0 |
| Hedvig Røhnebæk As | optical store | Nedre Mølster 24, 5705 Voss | NOK 0 | 0 | NOK -26.0K |
| Clinic Medical Norge As | optical store | Nordrekvålsvegen 81, 5710 Skulestadmo | NOK 685.0K | 1 | NOK -189.0K |
Conclusion
Electrical goods retail in Voss shows potential for further growth, with strong sales development and a stable employee structure. However, the sector has few companies, which can provide opportunities for new entrants. It is important to be aware of the financial challenges shown by some companies, as well as the competition from both agriculture and other industries in Voss.
SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to establish themselves in this sector in Voss.