The goal of this paper is to propose analyzing and evaluating method of power parameters for motor drive system with various experimental graphic screens and numerical results and to develop the proposed system. A developed system is made up 586-PC and DSP board, motor drive system, power parameters analyzing and evaluating software for windows. Power parameters are analyzed using correlation signal processing techniques based on the correlation between voltage and current waveforms. Analysis results are visualized by 3-D current coordinates, and it is compared and evaluated with conventional time/ frequency domain. To verify the validity of the proposed system, capacitor run type single phase induction motor and thyristor speed controller is used for analyzing. Power and harmonic parameters of motor drive system is analyzed and verified, with varying fire angle of thyristor speed controller, and the proposed approach is to confirm validity