Electronics Storage in Narvik

Electronics storage in Narvik shows a mix of stability and uncertainty. With four registered companies and 30 employees in 2026, the sector is relatively small, but with a historically high sales valuation of 125.3 million NOK in 2024. This development indicates potential, but it is important to note the sharp decline of 34.3% from 2024 to 2025. The sector has also shown variations in employee numbers, with an increase from 24 to 34 employees between 2016 and 2024, followed by a decline back to 28 employees in 2026.

Electronics storage in Narvik had a sales valuation of 82.2 million NOK in 2025, representing a decline of 34.3% compared to 2024. This is an aberrant development compared to previous years, where sales had grown by up to 21.3% annually. The employee count increased from 24 to 34 employees between 2016 and 2024, but declined back to 28 employees in 2026. This dynamic shows both growth and uncertainty in the sector.

Four companies are registered in electronics storage in Narvik:

The two older companies, Power Norge and Elkjøp, have been in operation since 2015 and 1990 respectively, while the two newest companies, Elyn As, were established in 2025 and have no employees or income. The organizational form is AS for all companies in the sector.

All four companies in electronics storage in Narvik are registered in Narvik-sentrum. No activity has been reported from other districts or municipalities. This shows that the sector is concentrated in the municipality's main urban area, which can be an advantage for collaboration and logistics, but also a risk in the event of local disruptions.

None of the four companies in electronics storage in Narvik are registered as bankrupt in the data. This shows relative stability in the sector, even though there are large variations in financial results. Elkjøp Stormarked Narvik As had an EBITDA of only 215,000 NOK in 2025, while Power Norge As had an EBITDA of 2.0 million NOK in the same year. This shows significant differences in operating results between the companies.

For entrepreneurs considering establishing themselves in electronics storage in Narvik, it is important to note the sharp decline in sales from 2024 to 2025. This may indicate market disruptions or competitive pressure. At the same time, previous years show stable growth, which may indicate potential in the municipality. It is also important to be aware of the large variations in operating results between companies, which can be a challenge for new players.

Compared to agriculture, which is the broader industry2-group in Narvik, electronics storage shows a different dynamic. Agriculture had a sales valuation of 129.3 million NOK in 2025, which is lower than electronics storage's 82.2 million NOK. Nevertheless, agriculture had stable growth in most years, with an increase of 15.8% from 2023 to 2024. In contrast, electronics storage had a sharp decline of 34.3% in the same year. This shows that agriculture has a more stable development, while electronics storage has greater variations. Current companies in agriculture include optician shops and computer stores, which may be relevant for collaboration or competitiveness.

Electronics storage in Narvik shows both potential and challenges. With a relatively stable growth in employee numbers and a historically high sales valuation in 2024, it is possible to see growth opportunities. At the same time, the sharp decline in 2025 shows that the sector is sensitive to market disruptions. Entrepreneurs should consider both the positive aspects of the sector and potential risk factors before making decisions. SmartGrunder can help find suitable locations in Narvik for this industry.