This paper presents a comparative evaluation of various topologies for three-phase power converters using the hardware-in-the-loop (HIL) simulation technique. Various switch-mode AC-DC power converters are studied, and their performance with respect to total harmonic distortion (THD), efficiency, power factor and losses are analyzed. The HIL-simulation is implemented in an Altera Cyclone II DE2 Field Programmable Gate Array (FPGA) Board and in the Matlab/Simulink environment. A comparison of the simulation and HIL-simulation results is also provided.