I. Introduction
Multi-level inverters (MLI) are among the most selected power conversion devices in industrial applications. These applications mostly comprise motor drives for all voltage and power ratings. Multilevel inverters are also finding their applications in grid-connected systems, uninterrupted power supply (UPS), electric vehicles and FACTS devices. All these applications are possible due to the ability of the MLI to provide a superior output voltage with a more sinusoidal shaped waveform, improved efficiency due to lower switching frequency operation of switches, lower blocking voltage requirement with reduced dv/dt and improved electromagnetic compatibility [1], [2].