Most low-power DC/DC converter manufacturers have focused on keeping circuits simple and low-cost, for example, using the traditional ‘Royer’ circuit (Figure 3). The savings achieved offset the high labor costs of winding simple toroids and hand-soldering wires to a double-sided PCB, with encapsulation or over-molding to protect fragile terminations. Over the years, assembly techniques have been refined so that a simple unregulated converter may require only around ten discrete components, while a regulated version uses fifteen.
With transformer manufacturing and module assembly in low-cost locations, products remain reasonably efficient, provide isolation, a wide operating temperature range, and accurate voltage conversion between fixed levels. Manual assembly allows easy creation of variants for different input/output voltages and power ratings by simply adjusting the number of winding turns.
There are inevitable downsides. Manual assembly produces sample variation, makes comprehensive fault protection difficult, and achieving safety-certified isolation requires additional complexity, cost, and larger case sizes. A basic Royer converter lacks line or load regulation, and output voltage can rise significantly under very light or no load. Labor costs continue to increase while customers expect lower prices, and labor does not decrease with production volume. Simultaneously, market pressure demands higher functionality and efficiency and smaller power converters for space-constrained applications.