1. Introduction to the LCC concept

1.1 Cost statistics according to LCC document

Pump energy consumption accounts for 20% of the world's electricity consumption, and reaches 25-50% of the energy absorbed in the operation of certain industrial sites. Such figures underline the collective and human importance of designing and operating pumps with energy conservation in mind. At the same time, such action contributes to environmental protection, by reducing the emissions and harmful effects associated with all energy production. An industrialist's individual interest is always in the same direction as the collective interest, as shown in paragraph ], which is taken directly from paragraphs 1.2...