To analyze the main causes of electric power equipments failure, this paper based on distance correlation definition, proposed a method about correlation identification between the multi-factor and equipments failure. Firstly, this paper sets the related factors influencing the equipments failure as numerical value, based on distance correlation definition, calculate the correlation between each factors and equipments failure, so as to determine the power of the main causes of equipments failure. At last, through 220 kV transformer fault case validates the effectiveness of the proposed method.