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The real cost of running an industrial pump

If you require an industrial pump for your application, whether it’s for food and beverage production, wastewater treatment or chemical processing, it’s easy to focus on the purchase price without considering lifecycle costs.

With those in charge of buying industrial equipment usually under pressure to remain within budget, it’s unsurprising that the long-term cost of running a pump is ignored. However, over a decade or more of service, a typical pump will cost around 10 times its purchase price in maintenance, energy and other factors.

Here’s a full breakdown of typical pump lifecycle costs, courtesy of the Hydraulic Institute and Pump Systems Matter:

  • 40% energy consumption
  • 25% pump maintenance
  • 10% equipment purchase
  • 10% operations
  • 7% installation
  • 5% environmental preparation
  • 3% downtime

As you can see, the initial purchase price typically accounts for just 10 per cent of the pump’s total cost during its operational life, with energy usage responsible for four times that amount. These statistics also highlight the long-term cost of properly maintaining a pump, as a quarter of spending goes on upkeep of the equipment.

It makes sense to look beyond the price tag when ordering a pump, and consider energy efficiency and reliability before making a decision. A more expensive pump may soon cost you less in energy and maintenance than a cheaper alternative that has poor-quality components and is inefficient.

Gibbons stocks a range of high-performance pumps for industrial and commercial applications, so give us a call on 01621 868138 or email info@gibbonsgroup.co.uk for expert advice. 

Pumps & Controls

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