The invention discloses a contactless on-load automatic positive and negative voltage regulating tap switch device for a three-phase distribution transformer and relates to the technical field of electric engineering. The problems that the contactless on-load voltage regulating range is small and power supply reliability is poor due to the fact that an existing power electronic element is low in voltage resistance can be solved. An antiparallel thyristor is used as a switching tap switch device, on-load voltage regulation is carried out in a positive and negative voltage regulation mode, a low-voltage air switch is used as a circulating current protecting device, and on-off of the tap switch is controlled through a monitoring and control system and a trigger unit. When the tap switch breaks down, an air switch trips out, a fault current is cut off, meanwhile, a power source of an isolation transformer is cut off, the on-load voltage regulating function exits, and the distribution transformer is automatically recovered to a rated tap to continue to supply power to a user; meanwhile, a fault alarm unit automatically sends a short message to a transformer manager through a mobile communication network to inform the transformer manager that the on-load automatic positive and negative voltage regulating tap switch is in the abnormal operation stage, and therefore fault removal is carried out at the right moment. The contactless on-load automatic positive and negative voltage regulating tap switch device is used for a power distribution system.