The invention discloses an alarm system for power transmission. A box body is arranged on a base, power equipment is arranged in the box body, a rotating motor is arranged on the top wall in the box body, an output shaft of the rotating motor is connected with a rotating shaft, a horizontal connecting rod is arranged at the bottom end of the rotating shaft, and a lifting device is arranged at one end, away from the rotating shaft, of the connecting rod; a monitoring and early warning device arranged at the output end of the lifting device, a cooling fan is arranged on the inner side wall of the box body, ventilation holes are formed in the outer side wall of the box body, plugging blocks are arranged on the outer sides of the ventilation holes, the outer ends of the plugging blocks are connected with a rotating plate through compression springs, and the outer side of the rotating plate is connected with a driving motor through a belt and a belt wheel; and a main controller and an alarm lamp are further arranged at the top of the box body, and the main controller is electrically connected with the rotating motor, the lifting device, the monitoring and early warning device, the cooling fan, the driving motor and the alarm lamp in a controlling mode. The system has the advantages of real-time monitoring, timely early warning, heat dissipation and cooling, and prolonging of the service life of equipment.