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The phrase "industrial giants" is correct and usable in written English
It can be used to refer to large and influential companies or corporations within the industrial sector. Example: "The industrial giants of the automotive industry are constantly innovating to stay competitive."
Exact(60)
In fact, distributed computing is a powerful idea that most of the computer industry -- from academic laboratories to industrial giants -- is chasing.
There's nothing dwarfish about today's nanotechnology industries, yet even some of today's industrial giants are turning to nano[technologist]s to strengthen their industrial and economic competitiveness.
Not just among the seven or eight most industrialized nations, but even among nations that are not industrial giants, the agricultural side has really pursued nitrogen fertilization".
None of the industrial giants will come back.
No longer are private-equity firms attempting merely to turn round ailing industrial giants.
They grew into industrial giants, each commanding a fleet of subsidiaries.
Several industrial giants, employing thousands of workers, are to be closed.
Mr Welch was surely kidding: mature industrial giants do not grow like start-ups.
Like many of Brazil's industrial giants, it was created by the government.
But it also includes industrial giants such as Alcoa, Dow Chemical, Ford, Owens Corning and Raytheon.
Japan's banks and industrial giants could use a way to fail without shutting down productive assets.
More suggestions(15)
industrial firms
industrial powerhouses
industrial capacities
industrial corporations
commercial giants
industrial negotiations
industrial conglomerates
industrial companies
industrial magnates
industrial tigers
industrial heavyweights
industrial majors
industrial multinationals
industry's giants
manufacturing giants
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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