A hand-held knockout driver includes a main housing having a handle portion, a motor positioned within the main housing, a pump assembly driven by the motor, and a secondary housing coupled to the main housing and defining a bore therein. The hand-held knockout driver also includes a working piston moveable within the bore from a rest position to an actuated position to define a piston throw distance therebetween. The hand-held knockout driver also includes a draw stud coupled to the working piston, a die coupled to the secondary housing, and a punch coupled to the draw stud opposite the working piston for movement therewith relative to the die. The die has a depth greater than the piston throw distance.