The data shows the estimated market value of vertical farming in Canada from 2014 to 2025, by technology type. In 2016, the market value of lighting used in vertical farming amounted to approx. 66 million USD and is forecasted to reach 636 million dollars by 2025.
2014 | 14 | 22 | 31 | 27 |
2015 | 14 | 24 | 44 | 46 |
2016 | 21 | 38 | 56 | 66 |
2017 | 29 | 44 | 79 | 90 |
2018 | 44 | 53 | 94 | 128 |
2019 | 53 | 76 | 118 | 166 |
2020 | 68 | 100 | 147 | 213 |
2021 | 85 | 120 | 194 | 266 |
2022 | 100 | 162 | 229 | 336 |
2023 | 132 | 191 | 282 | 422 |
2024 | 153 | 238 | 344 | 521 |
2025 | 191 | 291 | 414 | 636 |