The invention discloses a transcritical CO2 catalytic esterification/condensation-separation coupling reaction method. The method comprises the following steps: mixing alcohol compounds, acid/aldehyde compounds, and a solvent, dissolving, transferring the solution to a reactor, introducing CO2 into the reactor to carry out reactions; collecting the byproducts in gas phase, converting the gas phase by an expansion machine from a supercritical state into a subcritical state, then introducing the gas phase into a gas-liquid separator, pressurizing the separated CO2 and supplemented CO2 by a turbo-compressor, then introducing the pressurized CO2 into the reactor, carrying out reactions for 0.5 to 10 hours, reducing the pressure in the reactor, and taking out reaction products from the reactor. The equipment used by the provided method comprises an esterification/condensation reactor, which comprises a plurality of heating pipes and a gas distributor. The expansion machine and the turbo-compressor are integrated into one machine, and the turbo-compressor is driven by the recovered expansion work of the reaction system. The provided transcritical CO2 catalytic esterification/condensation-separation coupling reaction method and equipment have the advantages that the technology is convenient, the quality of esters/condensed carbonyl product is high, and the conversion rate is high.