Flowserve Corp (Flowserve) is a manufacturer and aftermarket service provider of flow control systems. The company develops and manufactures precision-engineered flow control equipment essential for the movement, control, and protection of materials in critical processes. Flowserve's product portfolio includes pumps, valves, seals, automation, and aftermarket services, serving industries such as energy, chemical, power generation, water management, and pharmaceuticals.

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Flowserve is focused on leveraging technology and data to enhance operations for both the company and its customers. The company is investing in digitization through its proprietary Industrial Internet of Things (IIoT) solution, RedRaven, to monitor equipment, predict downtime, and optimize operations. Flowserve is also advancing its capabilities in the asset health market, expanding remote monitoring solutions, and developing energy-efficient and sustainable products. The company is committed to innovation in flow control systems, energy transition, and decarbonization, with a focus on new product development in areas such as cryogenic pumping for hydrogen and LNG applications, and pressure exchanger portfolio enhancements. Additionally, Flowserve is exploring additive manufacturing techniques to reduce production costs and lead times. Flowserve R&D activities are managed through its Flowserve Business System, which incorporates best operational practices across categories such as People Excellence, Operational Excellence, Portfolio Excellence, Commercial Excellence, and Innovation Excellence. The company's R&D investments focus on enhancing digital integration, developing next-generation hardware and software solutions, advancing material science, and adopting modern R&D project management tools. In FY2025, the company incurred expenses of US$54.1 million on R&D, which as a percentage of revenue, stood at 1.1%.