Inverter-based systems encounter significant challenges in mitigating common-mode voltage (CMV) and minimizing inverter losses. Despite various space vector pulse-width modulation (SVPWM) techniques proposed to address these issues, a comprehensive comparative analysis has been lacking. This paper addresses this gap through an experimental and simulation-based evaluation of nine SVPWM techniques. A new discontinuous SVPWM technique, DSVPWM-K4, is introduced, which involves reversing the use of the two zero vectors in DSVPWM-K3. DSVPWM-K3 delivers superior performance in terms of CMV reduction, total harmonic distortion (THD), and inverter losses across all modulation indices (MI = 1, 0.75, 0.5, and 0.25), making it the most effective overall. Although DSVPWM-K4 is a novel approach, it ranks second in effectiveness. The RSPWM technique achieves the lowest CMV with a zero peak-to-peak value but is most effective at lower modulation indices (0.25 and 0.5) due to higher harmonic distortion at higher modulation indices. AZSPWM performs optimally at higher modulation indices, providing a 66.66% reduction in CMV compared to continuous SVPWM and significantly lower THD compared to RSPWM. In contrast, NSPWM exhibits nearly double the THD compared to continuous SVPWM.