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The phrase 'competitor being' is correct and usable in written English
You can use it when you want to refer to someone or something that is in competition with someone or something else. For example: "The competitor being the reigning champion, the match was expected to be intense."
Exact(11)
Their DeLorean project is pitted against a competitor being quickly pulled together by another film veteran, the producer David Permut.
Verizon could also benefit from its biggest competitor being distracted by the huge effort needed to win approval for its deal, let alone the even more intensive effort of meshing AT&T's operations with T-Mobile's.
Here the disillusionment with liberal, rational politics that some have seen as the seedbed of much of Freud's work was at its most explicit (the only competitor being the debunking psychobiography of Woodrow Wilson he wrote jointly with William Bullitt in 1930, which was not published until 1967).
In Australia's media culture though it is much more likely the other media outlets would see a competitor being given a beating and want to land their own blows, siding with the government rather than defending an example of the free press at work.
Market research firm Forward Concepts of Tempe, Ariz., says TI controls more than 80% of the market share for DSP chips, with its closest competitor being Motorola.
Here they have a strong brand built on thrift and a major competitor being laid low by an untimely and confusing rate change.
Similar(48)
"Our competitor is pork".
"Our biggest competitor is doing nothing".
Your major competitor is Wikipedia or Google".
"The real competitor is CBS," Mr. Reilly said.
Hughes' real competitor was Finch.
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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