By Don Lundberg, Sr Member Technical Staff, Fluid Components International (FCI)
Industrial pumps consume up to 20% of the world's energy production and can be responsible for 25 to 50% of a process plant's energy bill, according to Europump, the Hydraulic Institute and other sources. Nothing moves without them in a process plant, and they are expensive to purchase, maintain and even more to repair or replace. Reducing pump lifecycle costs (their purchase, operation and maintenance) is critical in a process plant optimizing efficiency and product output. The process and the surrounding equipment configuration can be responsible for unnecessary high pump lifecycle costs.