The invention discloses a partial discharge monitoring method for distributed arrangement of multiple power equipment. The method comprises the following steps: setting a high-frequency shielded bus ring, arranging a plurality of parallel connection points on the high-frequency shielded bus ring, respectively installing a plurality of sensing terminals corresponding to each power equipment in a substation to monitor partial discharge signals, transmitting the monitored partial discharge signals uniaxially to the high-frequency shielded bus ring, connecting a single-channel data acquisition unit with the high-frequency shielded bus ring to enable the partial discharge signals monitored by the plurality of sensing terminals to be transmitted to the single-channel data acquisition unit through a first path and a second path respectively along the high-frequency shielded bus ring, setting length differences of the first path and the second path corresponding to the parallel connection points as different values, so as to produce different time differences, and positioning partial discharge signals according to the different time differences. According to the monitoring method, a plurality of distributed power equipment of the whole substation, which need to be monitored, can be omnidirectionally and synchronously monitored online, and the insulation defect of the power equipment can be timely found and eliminated, and therefore the operation safety of the whole substation is improved.