This study provides a survey overview of the literatures with the goal of maximizing the efficiency of DC‐AC power conversion from an engineering science perspective. With the advent of wide band gap power semiconductors, the published literature on realizing high efficiency DC‐AC converters has increased. Therefore, a literature survey of high‐efficiency DC‐AC inverters was first conducted. We demonstrated the importance of the measurement accuracy in measuring high efficiency losses, and then presented the literature on new measurement methods, as well as examples of analysis of the breakdown of these losses. Furthermore, we reviewed the literature on high‐efficiency inverters. We presented measurement data (99.83%) on an inverter with a high efficiency energy conversion system circuit topology using Silicon Carbide (SiC) and Gallium Nitride (GaN) devices to demonstrate how the procedure was used to achieve loss minimization. We summarized the challenges hindering high efficiency. © 2022 Institute of Electrical Engineers of Japan. Published by Wiley Periodicals LLC.