The invention discloses equipment for quickly stripping an insulating layer of a power cable. The equipment structurally comprises a main body, a pulling-out table, a pulling device, a clamping piece,a processing groove, a cutting device, a supporting block and an operating rod. During use after improvement, the cable is arranged on a connecting cavity in a penetrating manner, a guide wheel and aconnecting elastic piece are matched to fix the cutting edge on a rotating wheel for stable cutting, then a limiting supporting plate is used for fixing the position of the rotating wheel, the rotating wheel is prevented from moving in the rotating process, the cutting edge can stably cut a cable insulation layer, and the use efficiency of a power cable is improved. A to-be-stripped cable is placed on the blocking assembly. A pressing rod and an extruding piece are matched to push the blocking assembly inwards, so that the cable and the friction plate are tightly overlapped together, the resistance between the cable and the friction plate is large, when a cable insulation sleeve is pulled away, a slipping phenomenon caused by the smooth sheath of the insulation sleeve is avoided, and thestripping efficiency of the cable insulation layer is improved.