The invention discloses a transformer equipment sensor networking system and method based on a distributed bootstrap algorithm. The system comprises a plurality of state information collection sensor common nodes determining whether to be selected as cluster head nodes according to a self distributed bootstrap algorithm; after the cluster head nodes are selected, the state information collection sensor common nodes uploading collected equipment state information to an equipment state information collection sensor cluster head node; the equipment state information collection sensor cluster head node performing fusion processing on received equipment state information, and sending the information to a transformer equipment monitoring system; the transformer equipment monitoring system sending the received equipment state information to a transformer station subsystem; and the transformer station subsystem sending the information to an extraneous monitoring system server. The system and method can perform networking through transformer station sensor nodes in a distributed bootstrap algorithm, substantially reduce sensor energy consumption, equalize node energy consumption, and prolong network whole work time.