The electromagnetic transient overvoltage in the substation is an important factor that affects the life of insulation equipment. For evaluate the economy and reliability of the insulation design of substation equipment, it is necessary to study and analyze the actual measured overvoltage waveforms in the substation. In this paper, firstly, the 3018 pieces of overvoltage data monitored in the 220 kV substation from 2018 to 2019 are preprocessed to obtain the required overvoltage waveform. Next, by analyzing and classifying the overvoltage data, four typical overvoltage waveforms suffered by the insulation equipment in the substation are extracted. Combined with the IEC60060 standard, the time parameters of the overvoltage waveform are selected and defined: wave-front time (Tf), half-value time (Thalf), main oscillation frequency (f), and attenuation constant (α). Further, statistical analysis is performed on the parameters of each waveform. The distribution law, distribution characteristics and distribution range of the parameters are obtained. Finally, the parameters of four typical overvoltage waveforms are summarized and compared, the cumulative distribution functions are obtained. This results can guide and optimize the insulation design of the insulation equipment in the substation, reduce design errors. It provide data support for the economy and reliability of insulation design.