The invention provides a distribution transformer monitoring terminal supporting double-master-station redundant communication and a data processing method. The terminal comprises a shell, and a serial interface, an input/output interface, a first Ethernet interface, a second Ethernet interface, a remote signaling remote control module, an electric quantity acquisition module, a power supply module, a main control data processing module, a first wireless communication assembly and a second wireless communication assembly connected to the shell. The first wireless communication assembly and thefirst Ethernet interface are used for accessing a first network, and the second wireless communication assembly and the second Ethernet interface are used for accessing a second network. According tothe distribution transformer monitoring terminal supporting double-master-station redundant communication and the data processing method, a redundant communication unit, such as a double-network communication assembly, is added to the distribution transformer monitoring terminal equipment, and data is reported to a main station and a standby main station at the same time during data reporting, sothat the communication data volume between the main station and the standby main station is reduced, the data communication bandwidth is reduced, the redundant communication efficiency is improved, and the redundant cost is reduced.