DC-DC converters can step up or step down a DC voltage level. They operate by rapidly switching a transistor, such as a MOSFET or IGBT, to chop the input voltage into a pulsed waveform. The average value of the output voltage is determined by the duty cycle of the pulses. Applications include motor control and voltage regulation. The converter can operate in continuous or discontinuous conduction mode depending on the load current and duty cycle settings.