Industry · municipality
Electronics Retail in Ringerike: Industry Analysis and Development Trends
A detailed analysis of companies, statistics, and prospects for entrepreneurs and local decision-makers in Ringerike Municipality in 2025–2026.
Brief overview of electronics retail in Ringerike
Electronics retail in Ringerike has shown stable development in recent years, with increasing sales and a concentration of activity in Hønefoss. The industry consists of three registered companies, two of which are AS entities and one is an ENK. Sales have increased by 3.5% from 2024 to 2025, while the number of employees has slightly decreased after 2023. Prospects for new players are mixed, with opportunities in a growing market and challenges related to competition in Hønefoss.
Economic overview: Sales and employees
Sales and employee development
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 135.1M | 60 |
| 2017 | 167.4M | 59 |
| 2018 | 175.8M | 60 |
| 2019 | 198.2M | 72 |
| 2020 | 231.4M | 72 |
| 2021 | 224.0M | 76 |
| 2022 | 205.9M | 78 |
| 2023 | 224.4M | 80 |
| 2024 | 247.4M | 79 |
| 2025 | 256.0M | 70 |
Sales have grown by 88.7% from 2016 to 2025, with a significant increase of 16.8% from 2019 to 2020. Employee numbers grew until 2023, but then decreased by 11.4% from 2024 to 2025. This indicates a slight decline in labor force after a period of growth.
Companies in the electronics retail industry
Registered companies in the industry
- Elkjøp Hønefoss As (Hvervenmoveien 60, Hønefoss)
- Company type: AS
- Employees: 37
- Sales: 139.2M NOK
- EBITDA: 4.3M NOK
- Power Norge As Avd Honefoss (Dronning Åstas gate 14, Hønefoss)
- Company type: AS
- Employees: 33
- Sales: 116.5M NOK
- EBITDA: 2.8M NOK
- Delta Elektronikk Henning Dahlgren (Teglverksveien 26, Hønefoss)
- Company type: ENK
- Employees: 0
- Sales: 0 NOK
- EBITDA: 0 NOK
Two of the companies are AS entities, while one is an ENK. Delta Elektronikk has no employees or sales, which may indicate an inactive business.
Geographic distribution of the business
| Location | Number of companies | Employees | Sales (NOK) |
|---|---|---|---|
| Hønefoss | 3 | 70 | 255.8M |
All businesses in the industry are concentrated in Hønefoss, with 3 companies and 70 employees. This shows a clear geographic focus on a single city district within the municipality.
Business dynamics and bankruptcy statistics
None of the companies in the electronics retail industry in Ringerike are registered as bankrupt, indicating stable operations. Delta Elektronikk, however, has no employees or sales, which may be an indication of a potential challenge for future operations. No bankruptcies are registered in the industry, which is a positive indicator for investors.
Prospects for new players in the industry
Prospects for new players
For entrepreneurs considering starting an electronics retail business in Ringerike, the data show growth in sales over recent years, with an increase of 3.5% from 2024 to 2025. The concentration of businesses in Hønefoss may offer opportunities to leverage existing infrastructure and customer bases, but competition may be strong. It is important to consider how a new player can differentiate itself in a market area with a limited number of players.
Comparison with agriculture
Agriculture is a broader industry category in Ringerike with 20 companies, compared to 3 companies in the electronics retail industry. Sales in agriculture have grown by 3.0% from 2024 to 2025, while electronics retail has grown by 3.5%. Employee numbers in agriculture have been more stable, with a decline of 0.8% from 2025 to 2026. Peer companies in agriculture include opticians, computer stores, and phone shops, which can provide a broader perspective on the industry's development in the municipality.
Other companies in landbruk (not in electronics store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Telia Norge As Telia Avd Kuben | phone store | Kong Rings gate 1, 3510 Hønefoss | NOK 42.1M | 5 | NOK 16.9M |
| Hønefoss Specsavers As | optical store | Kong Rings gate 1, 3510 Hønefoss | NOK 17.3M | 15 | NOK 1.8M |
| Anders Løchen Fogth As | optical store | Søndre torv 7, 3510 Hønefoss | NOK 16.2M | 9 | NOK 1.7M |
| Synsam Hønefoss | optical store | Storgata 10, 3510 Hønefoss | NOK 7.4M | 0 | NOK 1.4M |
| Rammefix Morten Bjerkelund | audio equipment / musical instruments store | Storgata 10, 3510 Hønefoss | NOK 3.2M | 4 | NOK 1.0M |
| Telekiosken Hønefoss As | computer store | Kuben Senter|Kong Rings gate 1, 3510 Hønefoss | NOK 14.3M | 0 | NOK 627.0K |
| Brilleland Avd 525 Kuben Senter | optical store | Kong Rings gate 1, 3510 Hønefoss | NOK 6.4M | 6 | NOK 466.1K |
| Nifo As | optical store | Ullerålsgata 9B, 3513 Hønefoss | NOK 0 | 0 | NOK 308.0K |
| Daisy As | computer store | Tolpinrudsvingen 4, 3512 Hønefoss | NOK 1.6M | 5 | NOK 155.0K |
| Banda Ringerike As | optical store | Flattums gate 4, 3510 Hønefoss | NOK 13.9M | 8 | NOK 123.0K |
| Grini Salgssupport | computer store | Ole Nilsedalens vei 11, 3525 Hallingby | NOK 0 | 0 | NOK 0 |
| Hifinett Da | computer store | Vestre Ådal, 3516 Hønefoss | NOK 0 | 0 | NOK 0 |
| Navrud Data & Service | computer store | Øvre Fegrihellinga 24, 3533 Tyristrand | NOK 0 | 0 | NOK 0 |
| Oceangreens | phone store | Ringåsveien 29, 3512 Hønefoss | NOK 0 | 0 | NOK 0 |
| Telco Ing Espegren & Co | computer store | Løkkemokroken 2, 3516 Hønefoss | NOK 0 | 0 | NOK 0 |
| Tele Magasinet Da | computer store | Vesleveien 1, 3517 Hønefoss | NOK 0 | 0 | NOK 0 |
| Valentyn Pivovarov | audio equipment / musical instruments store | Hengsleveien 30, 3515 Hønefoss | NOK 0 | 0 | NOK 0 |
Conclusion
Electronics retail in Ringerike shows growth in sales and a concentration of business activity in Hønefoss. With 3 companies and stable operations, it is possible to see opportunities for new players in a market area with growth. At the same time, it is important to be aware of competition and potential challenges related to operations in a concentrated city district. SmartGrunder can help entrepreneurs find optimal addresses in Ringerike for this industry.