Life Cycle Costs
Life cycle costs, in connection with pumps, are the total costs incurred during the life cycle of a pump. This period typically includes the phases from selection and procurement through installation, operation and maintenance to disposal of the pump.
Considering life cycle costs is crucial to making an informed decision when selecting a pump and optimising the overall efficiency and cost-effectiveness of a pump system. It is important to note that investing in a high-quality and energy-efficient pump may involve higher initial costs. Still, it can significantly reduce operating, maintenance, and downtime over time.