The invention provides a wire reel and double-wire submerged arc automatic welding equipment with the same. The wire reel comprises a support and at least two rotating shafts, wherein each rotating shaft is connected to the support, rotating parts are arranged on the rotating shafts in a sleeved mode, the rotating parts rotate around the rotating shafts, and welding wires wind around the rotatingparts; an end parts, away from the support, of the rotating shafts are connected with end covers, the end covers are used for limiting the rotation of the rotating parts between the end covers and thesupport; the equipment comprises a guide rail, a sliding platform, a stretchable arm and a welding machine head, wherein the sliding platform is arranged on the guide rail and slides along the guiderail, the stretchable arm is arranged on the sliding platform, a welder head is arranged on the stretchable arm, the wire reel is arranged on the sliding platform, and the welding wires are connectedto the welder head in a welding mode. According to the wire reel, the loading capacity of the wire reel is improved, the loading capacity of the welding wires is improved from the original 25 kg to 350 kg, so that the replacement frequency and the hoisting operation amount of the welding wires are greatly reduced, the arcing and arc quenching times caused by replacement of the welding wires is reduced, and the welding operation efficiency and the safety are improved.