Electronics Sector in Tromsø: Current Status and Future Prospects

The electronics sector in Tromsø has shown a mix of stability and variation over the past few years. In 2025, there are 8 companies in the industry, with a total of 121 employees and annual revenues of approximately NOK 487 million. The most significant companies are Elkjøp Tromsø and Power Norge As, which together account for a large portion of the market. The industry has experienced both growth and decline during the period, with a significant increase in 2021 followed by weaker development in recent years. This indicates a certain level of uncertainty, but also potential for future growth.

Economic overview

Annual revenues and employees

Annual revenues grew most from 2020 to 2021 (+36.4%), but have since experienced weaker development. The number of employees increased until 2022, but has since declined. This indicates a certain level of uncertainty in the industry, but also a stable availability of labor.

Key players in the industry

The following companies are registered in the electronics sector in Tromsø:

1. Elkjøp Tromsø (Karlsøyvegen 1A) – AS, 62 employees, annual revenues of NOK 389 million.
2. Power Norge As Avd Tromsø (Karlsøyvegen 12) – AS, 30 employees, annual revenues of NOK 141.5 million.
3. Kjell & Co Norway No018 Jekta Storsenter (Karlsøyvegen 12) – AS, 8 employees, annual revenues of NOK 15 million.
4. Tromsø Emarked As (Skattørvegen 27) – AS, 5 employees, but no activity.
5. Symaskin Og Søm As (Stakkevollvegen 24) – AS, 4 employees, with negative EBITDA.
6. Tromsø Elektronikkbutikk As (Strandgata 9) – AS, 4 employees, but no activity.
7. Serviceteam Nn As (Tromsøysundvegen 238) – AS, 0 employees, but no activity.
8. Symaskin Og Søm Tromsø Lise Olsen (Theodor Hagerups veg 60) – ENK, 0 employees, but no activity.

Most companies are organized as AS, and there are no registered bankruptcies in the industry.

Geographic distribution

All companies in the electronics sector in Tromsø are registered in the borough of Tromsø, with a particular concentration in the area around Karlsøyvegen and Jekta Storsenter. This indicates that there is a central commercial area for the electronics sector in the municipality. There are no companies registered in other boroughs in Tromsø.

There are no registered bankruptcies in the electronics sector in Tromsø, which indicates a stable industry. However, some companies, such as Tromsø Emarked As and Symaskin Og Søm As, show weak financial results, with zero or negative EBITDA. This may indicate challenges for certain companies, even though the industry as a whole appears stable.

For entrepreneurs considering starting a company in the electronics sector in Tromsø, the data show a stable, but not rapid growth in the industry. It is a competitive market with established players such as Elkjøp Tromsø and Power Norge As. Entrepreneurs should therefore consider differentiating themselves through unique offers or customer service. It is also possible to find available locations in central areas such as Karlsøyvegen and Jekta Storsenter, which are important for commercial activity in the municipality. SmartGrunder can help entrepreneurs find suitable locations and assess the market's potential.

Agriculture is a broader industry in Tromsø with 58 companies, compared to 8 companies in the electronics sector. Annual revenues in agriculture have grown more steadily over time, increasing from NOK 592.4 million in 2016 to NOK 861.8 million in 2025. The number of employees in agriculture has also shown a more stable development, with a decline of 2.0% from 2025 to 2026. In contrast to the electronics sector, which has a higher proportion of companies organized as AS, agriculture is more diversified with companies of different organizational forms. Peer companies in agriculture include Telia Norge As and Synssenteret Jekta As, which have higher EBITDA and sales than most companies in the electronics sector. This shows that agriculture has a different structure and growth potential compared to the electronics sector.

The electronics sector in Tromsø is a stable, but not rapidly growing industry with established companies such as Elkjøp Tromsø and Power Norge As. There are no bankruptcies, but some companies have weak financial results. Entrepreneurs should consider differentiating themselves and finding available locations in central areas. Agriculture is a broader industry with higher growth and more diversified companies. SmartGrunder can help entrepreneurs find suitable locations and assess the market's potential.