Power inverters, used to convert DC power to AC, are often used in e.g. solar power applications. However, they tend to be impractically large and expensive; as such, power miniaturization is an active research area. In this thesis, several classes of modern power inverters are evaluated and compared with regards to size, efficiency and output quality in order to identify areas of potential improvement. Methods for estimation of THD, power losses and input ripple are created and verified against a simulation of a five-level neutral-point-clamped inverter with SPWM control. Finally, this design is implemented physically and is found to achieve 94.5% efficiency and 7% THD under low voltage laboratory conditions, while remaining smaller than an average textbook.