Most industry estimates peg energy as the largest single factor in pump life cycle cost — ranging from 40 percent to as high as 90 percent depending on the pump style and application.Pumps & Systems
While US consumption of electricity dropped sharply in 2020 due to effects of COVID-19 and various lockdowns, the price of electricity, oil and natural gas will be impacted directly for the foreseeable future based on the effects that COVID has on consumption at both the industrial and consumer levels.
And while the up front cost of pumps and pump systems may be very large, the ongoing energy cost is often much higher as the above quote highlights.
Pumps & Systems has produced a white paper on the subject which you can learn more about by clicking here. The white paper is sponsored by GRUNDFOS.