Electronics in Larvik: Current Status and Future Outlook

The electronics sector in Larvik consists of a mix of established and newly started companies, with a total of 9 registered companies in the municipality. The most significant player is Elkjøp Larvik, which operates with 35 employees and generates high sales figures. At the same time, data shows that the industry has been marked by bankruptcy, as in the case of Kløtterød Butikkdrift As. Sales development has been uneven over the years, with an increase from 2020 to 2022, followed by a decline in 2023. This indicates a certain degree of dynamism and challenges in the industry.

Sales Development

Sales figures for the electronics sector in Larvik have varied over the years, with a highest value of NOK 183.9 million in 2022 and a decline to NOK 158.2 million in 2025. This development shows some uncertainty, with an increase of +2.0% in 2021 and a decline of -16.4% in 2022. This may be due to variations in customer skills and competitive pressure.

Employee Numbers

The number of employees has been more stable, with a highest value of 66 employees in 2024 and a decline to 58 employees in 2026. There is some variation, but no extreme changes indicating major structural changes in the industry.

Registered Companies

In Larvik, there are 9 registered companies within the electronics sector, of which 2 are AS companies and 1 is an ENK. The most well-known companies are:

• Elkjøp Larvik (AS, 35 employees, sales of NOK 187.8 million)
• Power Larvik (AS, 19 employees, sales of NOK 0)
• Kløtterød Butikkdrift As (AS, 0 employees, bankruptcy)

Organizational Forms

Most companies are AS companies, with a total of 54 employees. There is also an ENK organization, but this has no employees or sales.

Geographic Distribution

All companies in the electronics sector in Larvik are registered in the city of Larvik. There are 2 companies with a total of 54 employees and combined sales of NOK 187.8 million. This shows that the industry is concentrated in the central area, which can be an advantage for customer skills and accessibility.

Bankruptcies and Dynamism

There is 1 bankruptcy registered in the industry, namely Kløtterød Butikkdrift As, which has 0 employees and 0 sales. This shows that the industry has been marked by economic challenges, especially for smaller companies. At the same time, sales figures have varied greatly over the years, which may indicate a certain degree of uncertainty in the market.

Development for Entrepreneurs

For entrepreneurs considering starting an electronics business in Larvik, the data shows that there are both opportunities and challenges. There are established companies such as Elkjøp Larvik, which can provide a good foundation for collaboration or inspiration. At the same time, it is important to be aware of competitive pressure and economic challenges, as illustrated by the bankruptcy of Kløtterød Butikkdrift As. A good business plan and adaptation to market needs can be crucial for success.

Comparison with Agriculture

In Larvik, agriculture is a larger industry than electronics, with 33 companies compared to 9 in electronics. Sales figures for agriculture have been more stable, with a decline of -4.1% in 2025. Employee numbers have also been more stable, with an increase of +4.7% in 2026. This shows that agriculture has a more stable development than electronics. Nevertheless, electronics may have growth potential, especially with established companies such as Elkjøp Larvik.

Electronics in Larvik has both opportunities and challenges. There are established companies such as Elkjøp Larvik, which can provide a good foundation for collaboration or inspiration. At the same time, it is important to be aware of competitive pressure and economic challenges, as illustrated by the bankruptcy of Kløtterød Butikkdrift As. A good business plan and adaptation to market needs can be crucial for success. SmartGrunder can help entrepreneurs find suitable addresses in Larvik for this industry.