The DC value of a rectified waveform is the time-average of a rectifier’s output, the constant level a DC voltmeter would read. It’s what you want a Rectifier to deliver, and it’s far smaller than the peak because rectified humps spend a lot of time near zero.
Half-wave:
A Half-wave rectifier passes a sine peak for half of each period and outputs zero for the other half. The DC value is the integral of the output over one full period divided by . Take , passing the positive half ( to ) and blocking the rest:
With , the integral of from to is . So
The average of a half-wave-rectified sine is only about a third of the peak.
Full-wave:
A Full-wave rectifier flips the negative half-cycles up instead of discarding them, so the output is , a hump every half-period. The waveform now repeats every , and the average over a half-period is
Exactly double the half-wave value, which is the quantitative reason full-wave rectification is preferred.
Both and assume an ideal diode, so is the full source peak. A real diode subtracts its forward drop from the conducting peak, so the true averages are lower: half-wave, full-wave (a Bridge rectifier loses ). The ideal-diode forms isolate the averaging factor (, ); the diode-drop correction layers on top.
Why a smoothing capacitor is still needed
Even is a poor DC source: the waveform still pulsates between and 0, and any circuit drawing power from it sees that swing. The “DC value” is only the average; the variation about it is enormous. To get something usable you add a smoothing capacitor, which holds the output near the peak between conduction bursts. The output then sits near (not the unsmoothed average) with only a small Ripple voltage on top. The raw DC value still matters for seeing why smoothing is needed and for estimating power, but a real supply runs on the smoothed, near-peak voltage, not on .