According to CITIC Securities, the adoption of lithium electrification in power tools is surging, with the market share of outdoor power equipment (OPE) for new energy expanding rapidly. In the realm of cordless power tools, the market size is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.9% from 2020 to 2025, significantly outpacing the 2.1% growth rate of corded products. By 2025, cordless power tools are anticipated to command a 56.12% market share, marked by a high degree of lithium electrification penetration. In the OPE sector, it is estimated that the market size for lithium-ion OPE will soar to $12.515 billion by 2029, with a CAGR of approximately 7.05% from 2022 to 2029. As end-user demand shifts towards specialization, coupled with heightened consumer awareness of lithium electrification, the growth rate of the lithium-ion OPE market is poised to exceed that of the broader tool industry.