In recent years, economic and environmental considerations have led the industry towards energy efficient technologies. As a result, in the context of industrial motor drives, Brushless DC (BLDC) and Permanent Magnet Synchronous (PMS) motors have become popular as energy efficient and reliable alternatives for induction motors. Both BLDC and permanent magnet synchronous motors are electronically commutated based on the position of the rotor by using voltage source inverters that consist of a rectifier, a DC link capacitor and an inverter. In comparison to the other electronic components in the circuit, the DC link capacitor has a limited lifetime, which is severely dependent on the ambient operating temperature. However, with advancements in technology, direct power converters such as matrix converters that do not employ DC link capacitors are becoming popular in industry. At present, matrix converters and similar style direct converters are economically feasible in high power applications and are expected to be economically feasible for low power ratings in the future.