Abstract Substation equipment inspection faces problems such as large amounts of data, various information types, complex analysis and calculations, and low resource integration. Distributed computing system uses networks to realize computer connectivity and collaboration, achieving in-depth sharing of computing resources, software resources, information resources, and communication resources. Therefore, firstly, this article introduces segmentation method for load balancing and recommendation calculation based on path search; secondly, an algorithm model for substation equipment inspection based on distributed computing is constructed; then, the article analyzes and discusses multi-core cluster task allocation, heterogeneous task scheduling framework, fragmented transmission mechanism, and vertical expansion mechanism; finally, case analysis and performance evaluation are carried out. Distributed computing has significant advantages in the inspection algorithm of power substation equipment. It can efficiently process large-scale data, improve computing power, ensure data redundancy and fault tolerance, provide good scalability, optimize resource utilization, and support remote data processing. By integrating multi-source data, distributed computing improves the accuracy and comprehensiveness of the algorithm, enhances security, supports complex algorithms such as machine learning and deep learning, and realizes real-time monitoring and early warning. The results show that the proposed algorithm can improve the efficiency of distributed parallel computing and analysis of substation equipment inspections and can simulate, evaluate, and screen substation equipment failure scenarios that may cause serious consequences within an effective time.