Space Vector Modulation (SVM) Technique has become the most popular and important PWM technique for three phases. Voltage Source Inverters for the control of AC Induction, Brushless DC, Switched Reluctance and Permanent Magnet Synchronous Motors. Multilevel converters can meet the increasing demand of power ratings and power quality associated with reduced harmonic distortion and lower electromagnetic interference. When the number of levels increases, it is necessary to control more and more switches in parallel. Field programmable gate arrays (FPGAs), with their concurrent processing capability, are suitable for the implementation of multilevel modulation algorithms. Among them, space vector pulse-width modulation algorithms offer great flexibility to optimize switching waveforms and are well suited for digital implementation. Complexity and computational cost of traditional SVPWM techniques increase with the number of levels of the converter, and most of all use trigonometric functions. The frequency spectrum is computed using MATLAB FFT routine. The VTHD is computed for linear range of Modulation Index. Compared with sinusoidal PWM, space vector PWM can work with a higher modulation index (m>1) and the harmonic content of the inverter voltage is less in the space vector PWM than in sinusoidal PWM.