The invention provides an energy-saving jump-image-free integral imaging and displaying device based on grating waveguide, which is used to solve the technical problem that existing integral imaging and displaying devices have low light energy utilization rate and cannot balance the imaging quality and the processing technology. The energy-saving jump-image-free integral imaging and displaying device based on grating waveguide comprises an LED light source, a waveguide medium, a display panel and a microlens array. The LED light source is an array light source formed by red, green and blue three-primary-color LED lights. The display panel is a liquid crystal panel without a color filter. A grating which consists of a plurality of periodically-arranged grating elements is disposed on the surface, adjacent to the display panel, of the waveguide medium. Each grating element comprises three grating regions corresponding to the periods of red, green and blue three-primary-color light, from large to small. The microlens array, the display panel and the waveguide medium are sequentially arranged in parallel. The LED light source is located at the side of the waveguide medium. Light emitted from the LED light source is irradiated onto the corresponding grating region, and light emitted from the region can be vertically irradiated only onto a light channel, corresponding to the region, on the display panel.