The invention discloses an improved multi-instrument reading identification method of a transformer station inspection robot. In the method, first of all, for instrument equipment images of different types, equipment template processing is carried out, and position information of min scales and max scales of each instrument in a template database. For the instrument equipment images acquired in real time by the robot, a template graph of a corresponding piece of equipment is scheduled from a background service, by use of a scale invariant feature transform (SIFT) algorithm, an instrument dial plate area sub-image is extracted in an input image in a matching mode, afterwards, binary and instrument point backbone processing is performed on the dial plate sub-image, by use of rapid Hough transform, pointer lines are detected, noise interference is eliminated, accurate position and directional angel of a pointer are accurately positioned, and pointer reading is finished. Such an algorithm is subjected to an on-site test of some domestic 500 kv intelligent transformer station inspection robot, the integration recognition rate of various instruments exceeds 99%, the precision and robustness for instrument reading are high, and the requirement for on-site application of a transformer station is completely satisfied.