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The phrase "a powerful competitor in" is correct and usable in written English.
It can be used when discussing a person, company, or entity that is strong or formidable in a particular market or field.
Example: "The new startup has quickly established itself as a powerful competitor in the tech industry."
Alternatives: "a strong contender in" or "a formidable player in".
Exact(8)
GasNatural had hoped its merger proposal would persuade Iberdrola's board with the argument that the combination of GasNatural's gas distribution network and Iberdrola's power-generation capabilities would create a powerful competitor in Europe.
Wall Street analysts said it was unlikely another bidder would emerge since Citicorp would be a powerful competitor in a bidding war.
She was charged with making a historic fashion magazine relevant and appealing in an increasingly crowded field that includes the leader Vogue, Elle, Bazaar and W, which has emerged as a powerful competitor in the last five years.
Since then, they have worked to become a powerful competitor in the travel industry by promoting their own offers and packages directly on the search results page ahead of other providers.
SPX management hopes to improve Echlin's efficiency and make the combined $4.5 billion company a powerful competitor in supplying lower-cost parts to auto makers and dealers, analysts said.
Benjamin Reitzes, an analyst at Barclays, an investment bank, reckons every percentage point decline in Apple's gross margin equates to a drop of $1.40 in earnings per share.Apple also needs to do more to beat back rivals, in particular Samsung, which has emerged as a powerful competitor in the smartphone market.
Similar(52)
The $21.3 billion deal for Synthes, a Swiss-American medical device maker, would make Johnson & Johnson the largest player in the market for surgical tools and implants to treat trauma patients, and would make it a more powerful competitor in the $37 billion worldwide market for orthopedic medical devices.
In such circumstances, skeletal muscle thereby becomes a powerful competitor of the brain for glucose and oxygen41.
But Google is going to be a powerful competitor".
In laying the basis for the enormous task of sequencing the human genome, Dr. Watson's consortium eventually brought into being a powerful competitor, the Celera Corporation.
In laying the basis for the enormous task of sequencing the human genome, Dr. Watson's consortium eventually brought into being a powerful competitor, the Celera Corporation.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com