The invention discloses an equipment state sensing type 110kV line protection system and an implementation method. The equipment state sensing type 110kV line protection system comprises a relay protection function module, a circuit breaker online monitoring module, a comprehensive analysis function module and a double-power supply switching module; and the relay protection function module is separately connected with a merging unit, an intelligent terminal and a process layer switch via optical cables to form a relay protection device secondary loop. The equipment state sensing type 110kV line protection system constructs an active defense type 110kV line security protection system so as to integrate equipment state sensing, accident pre-warning and relay protection of the 110kV line, which not only reduces the faults of the relay, but also quickly removes the faults, reduces the investment and operation and maintenance costs of intelligent substation equipment and protects the robustness of the grid in real time, and if the relay protection device can increase the active defense alarm function of the equipment state sensing, the principles of relay protection can be optimized, the occurrence of faults is reduced, the faults are quickly removed, and the investment and operation and maintenance costs of intelligent substation equipment can be reduced.