The invention discloses a measuring device for a hysteresis loop made of a ferromagnetic material and an application method of the measuring device. The measuring device for the hysteresis loop made of the ferromagnetic material comprises an excitation circuit, a control circuit, an integrating circuit, a sampling resistor circuit, a liquid crystal display circuit, a key detecting circuit and an oscilloscope. According to the method, step values of excitation voltage and excitation resistance are set through programming a singlechip; the oscilloscope displays the hysteresis loop to be measured; and an upper computer measures and analyzes the coercivity, the remanence induction strength, the maximum field, the maximum magnetic induction strength and the magnetic hysteresis loss of the ferromagnetic material according to the hysteresis loop. The original mechanical switch and manual knob type switch control mode is replaced by a program control mode, and shortcomings that contacts of a knob switch are in a poor contact state easily, gears are easy to loosen, and the like are overcome. By an experimental instrument developed in the invention, the reliability of experimental equipment can be increased, and the service life of the experimental equipment can be prolonged. Owing to the program control mode, the step values of the excitation voltage are low, gears of the excitation voltage are sufficient, measurement precision is high, and practicality and accuracy are good.