The invention discloses an instantaneous power detection and load identification based induction motor cooperative control system which realizes energy-saving control on a light-loaded or unloaded three-phase induction motor and mainly comprises an instantaneous power detection and load identification cooperative controller using a digital signal processor TMS320F28346 as a core, a three-phase bridge power amplifier, a three-phase bridge driving circuit, the three-phase induction motor, a three-phase diode rectifier bridge, an instantaneous power detection link, a current detection link, a coder rotating speed detection link, a load identification link, a +24V switch power source, a +15V switch power source, a + / -12V switch power source, a +5V power source and the like. An instantaneous power detection and load identification based induction motor cooperative control method is adopted to control stator exciting current of the light-loaded or unloaded three-phase induction motor, and power factors of the three-phase induction motor are adjusted by load rate obtained on the basis of load identification, so that operating efficiency of the three-phase induction motor is effectively improved, and good electricity-saving effect is achieved.