The invention discloses a compressed air heat energy recovery and control system. The control valve opening of a circulating water exit is regulated according to parameters of pressure, temperature, liquid level and the like. The whole system can perform automatic operation and the use is convenient. The compressed air heat energy recovery and control system comprises a heat exchanger, a water cooling system, a heat energy utilization device, a circulation water tank with a water inlet pipe, a circulating pump and a controller, wherein a compressed air outlet of an air compressor is connected with the heat exchanger, the heat exchanger is further respectively connected with the circulating pump and the water cooling system, the circulating pump is connected with the circulation water tank through the heat energy utilization device, the controller is respectively connected with an air inlet temperature sensor, an air outlet temperature sensor, an air outlet pressure sensor, a circulating water inlet temperature sensor, a circulating water outlet temperature sensor, a circulating water tank water supply inlet temperature sensor, a circulating water tank temperature sensor, a liquid level sensor, an inlet pneumatic valve, a by-pass pneumatic valve, an electric valve, a control valve, a water supply magnetic valve, the circulating pump and the water cooling system.