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This is the most basic design and utilizes only one rectifier diode. When an AC is introduced to its anode, the negative peaks are blocked and we get a positive voltage at the cathode and vice-versa if connections of the diode is reversed. This is called a half-wave rectifier because only one half of the AC cycle is converted into DC.
Since very few components are involved, the half wave rectifier circuit is very simple and economical but has significant drawbacks. Its efficiency is low, the output is full of ripples and hence large smoothing capacitors are required to get a clean DC. Due to DC magnetization and core saturation the transformer in a half-wave rectifier tends to get heated up within a very short time and they have to be also bigger in size.