A converter includes a transformer module, a primary side circuit module, and a secondary side circuit module. The transformer module includes a magnetic core group and a winding. The winding includes a primary winding and a secondary winding, and is further installed on the magnetic core group. The primary side circuit module is coupled to the primary winding. The secondary side circuit module is coupled to the secondary winding. The primary side circuit modules or the secondary side circuit module has overlapping vertical projection area on a first plane with the winding, and the first plane is a plane in a horizontal direction of the winding.