The invention discloses a high-efficiency low-ripple frequency conversion modulation method, and belongs to the technical field of power transmission. An inverter composed of two high-frequency switching devices and six low-frequency switching devices is driven, the generation mode and time sequence of a zero vector in a traditional space vector modulation strategy are improved, the high-frequencyswitching devices control bus voltage to be zero to replace the zero voltage vector, meanwhile zero voltage switching conditions are provided for the low-frequency switching devices, the low-frequency switching device only generates an effective voltage vector, the switching action frequency is reduced, and the loss of the inverter is reduced by utilizing the low switching loss characteristic ofthe high-frequency switching device, so that the available switching frequency of the inverter is improved, the current ripple is reduced, the carrier period is adjusted in real time according to thepredicted value and the given value of the current ripple, the current ripple is reduced, and the electromagnetic compatibility of the system is improved, according to the modulation algorithm provided by the invention, higher system working efficiency, lower current ripple output and higher current control precision can be obtained at the same time, and the modulation algorithm has a certain application value.