Pumps & Systems
Critical Issues in the Global Pump Industry
Certainly the cost and availability of certain raw materials and energy has been an issue during the past year, and with continued strong demand in China, this may continued to be a concern in the future.
Looking to the longer term, improving the energy efficiency of pumps and pumping systems is critical, as is greater emphasis on understanding and more effectively controlling life cycle costs.
The high demand for raw materials has pushed costs up and impacted pricing. But perhaps more critical are the extended delivery times, especially for engineered product manufactured in North America.
The reduction in foundry capacity in North America over the past two decades limits our options to obtain quick turnaround on castings for engineered products. While technology has greatly enhanced the design and tooling process, it is likely that the turnaround time for castings on engineered product will continue to be a concern.
While the long-term outlook for energy costs may be more favorable, short-term costs are projected to remain high.
According to statistics published by the Hydraulic Institute and others, pumps and pumping systems consume an astonishing 20 percent of the world’s energy! There is a great opportunity for the pump industry to become a leader in energy conservation efforts and the Hydraulic Institute is to be applauded for its initiatives in promoting energy awareness and energy savings to the pump industry, and to pump users as a whole.