Centrifugal pumps typically achieve a maximum efficiency of around 75%, with energy losses primarily due to turbulence, viscous friction, and mechanical components like bearings and seals. While they excel in producing high flow rates, their pressure output diminishes quickly, making them less efficient thermodynamically compared to other machinery. The choice of pump type depends on specific application needs, with multi-stage centrifugal pumps providing higher pressure at lower flow rates. It's crucial to analyze the pump characteristic map to find the most efficient option that meets application requirements with minimal energy input. Despite their inefficiencies, centrifugal pumps are favored for their ease of production, repairability, and adaptability to challenging conditions.