The invention discloses an electromagnetic wire insulating layer separation device and method. The electromagnetic wire insulating layer separation device comprises a paying-off mechanism, a stripping mechanism, a taking-up mechanism, a straightening device, a traction mechanism, a platform and a dust collection device. The platform is located between the paying-off mechanism and the taking-up mechanism. The straightening device, the stripping mechanism, the dust collection device and the traction mechanism are all arranged on the platform. The stripping mechanism comprises a stripping box, a guide rail, motors, a metal rod, stripping wheels and a transparent baffle. According to the electromagnetic wire insulating layer separation method, an electromagnetic wire is straightened, the guide rail is adjusted so that all the stripping wheels can be attached to the surface of the electromagnetic wire, and the motors rotate to drive the stripping wheels to rotate so that an insulating layer of the electromagnetic wire can be stripped off. The electromagnetic wire insulating layer separation device has the advantages of being simple in structure, reasonable in design, reliable in performance, capable of separating the electromagnetic wire insulating layer through the coordination effect of all components, free of increased power, low in energy consumption, not prone to environment pollution, and capable of meeting the requirement for recycling of metal wires of electromagnetic wires.